Post
Topic
Board Altcoin Discussion
Re: Why can a coin run on many different explorers and how to understand it?
by
vv181
on 15/04/2022, 12:11:40 UTC
Why one coin can run on many different explorers platform. The specific example here is the BNB coin.
A coin can't run on a different blockchain, but a token(Wrapped BNB or BNB) is possible.

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As far as I can see here, BNB currently has 2 different explorers validators, etherscan and bnbscan.

https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
https://bscscan.com/token/0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c

So how to understand this problem?
The problem is that BNB Token on ERC-20(Ethereum) only exists within Ethereum Ecosystem. And that is also applied on each network where BNB exists. The reason why BNB exists on many chains/networks is to fix some interoperability cases.

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How is the total supply of BNB fixed when two different validators will have different total coin issuances. For example, currently BNB has a total supply of 160,000,000 BNB, how much is etherscan issuing and how much is bnbscan issuing and how is it related?
I believe the below reference is good for getting a grasp of how it works.

1. What Are Wrapped Tokens?
2. What Is BNB?
3. What Is a Coin Burn?