ChangPeng Zhao (CZ), founder of Binance, launched a courageous proposal aimed at a significant reduction in gas costs in the BNB chain. This initiative could divide the cost of three to ten and place the BNB chain as an impressive competitor against Solana and Ethereum in the battle of the first layer blockchains.
In short
- CZ offers a reducing gas cost to a BNB string up to 10 times higher than their current value.
- The BNB chain is already treating more than 7.2 billion transactions with an average cost of $ 0.0,945.
- The aim of this strategy is to directly compete with Solan ($ 0.0035 per transaction) and Ethereum ($ 0.42).
- The balance remains between reduced costs and spam prevention in the network.
Binance’s strategy to control the blockchain market
ChangPeng Zhao has begun discussing a possible reduction in gas charges on BNB 4.
This announcement comes at a strategic moment when BNB has just exceeded Solan in terms of market capitalization and has reached more than $ 104 billion.
Currently, BNB Chain already offers competing costs, with an average gas price of 1 GWEI, which corresponds to approximately $ 0.01 per transaction.
In comparison, the Ethereum invoices on average $ 0.42 per transaction, while Solana maintains extremely low costs at $ 0.0035. The CZ proposal would make the BNB chain potentially as affordable as Sola, while maintaining the robustness and compatibility of EVM, which creates its strength.
The BNB ecosystem is experiencing rapid expansion with more than 68.3 million transactions that is treated monthly and established as the most active EVM channel.
This growth has accelerated thanks to the formation of new platforms such as Four.Meme, which facilitated the creation of thousands of the same on BNB blockchain.
The economic and technological consequences of this reduction
The drop in gas fees could radically transform the attraction of the BNB chain for developers and users, but also to raise important questions about long -term viability.
The main challenge identified CZ remains the balance between availability and spam protection. A too drastic reduction in costs could expose the network to attacks and feed the infrastructure.
”We need to find the right center between very low cost and safe blockchain»»He said cz during his exchanges.
This initiative is part of a wider context where BNB gains institutional legitimacy, especially with the recent deposit of the ETF BNB file with American SeC.
Reducing gas charges could drive the BNB chain to new heights in the first level of the blockchain. If this initiative takes place, the attraction of the network will strengthen both for developers and end users, consolidation of their position in the highest trio of Blockchain platforms.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
