Validators of the BNB Chain, a network created by BNANCE, have agreed to reduce the gas rate paid by transactions by 50%.
The proposal announced in X’s post on September 23rd was Minimum cost of 0.1 GWEI at 0.05. The adjustment is scheduled for October, with Exchange Binance founder Changpeng Zhao (CZ) supporting the initiative.
According to the time of this wording and BSCSCAN data, the average cost for the Trade Commission is $0.01. Practically, from 0.1 GWEI to 0.05 (-50%) to 0.05 (-50%), the average cost of these charges is It drops from about $0.01 to 0.005.
Like the Ethereum Ecosystem, gas in BNB chains is the resource that users pay to process transactions.
It can represent very small fractions measured in the “GWEI,” a subunit of the network’s native cryptocurrency (in this case BNB).
The network already has a history of this type of measurement. As explained by Cryptonoticia, gas had already declined from 1 GWEI to 0.1 GWEI along with Maxwell Hardfork at the end of June last year.
The results have been displayed Average commissions have decreased by 75%from $0.04 to $0.01, but as stated in the publication of the BNB chain, “the number of daily transactions increased by 140%, exceeding 12 million.”
Meanwhile, the same statement said that validators not only reduce gas, but also Accelerate block production intervalsMaxwell updated to 45ms from the current 750ms after the current update.
“The BNB Chain will verify that it reduces commission in half and accelerates block speeds to maintain the fastest chain of Crypto Ecosystem and the competitive BNB Smart Chain (BSC).”
BNB Chain Team Statement.
The adjustment occurs when BNB’s cryptocurrency exceeds $1,000 per unit. This is, according to the author, “the greatest ever poses challenges not only in today’s success but also in how to place BSC for the next growth wave.
