According to the proposal submitted on March 28, there wasemphasizeThe need for a more adaptive distribution of transaction costs on the Binance Smart Chain (BSC) network with a more flexible transaction fee structure. To ensure effective usage as well as attract new users.
and further stated that The approach will help sustain BNB’s economy while enhancing BSC’s presence in the market, especially in the multichain strategy laid out in the roadmap.
The proposal says BSC’s high gas fees have hampered network activity. “BSC’s transaction costs are currently set at a relatively high flat rate of 5 gwei, which may not be as attractive to users as the cheaper fees offered by other L2 solutions outside the BSC ecosystem. BNB Chain will remain competitive. and keep users in the ecosystem.”
The proposal will allow users to choose a fee lower than the current rate of 5 gwei, with options as low as 3 or 4 gwei depending on their financial needs. It is more attractive than other ecosystem L2 solutions and adds a competitive advantage to potential BSC L2 solutions.”
The approach is also expected to increase sustainability, attract new users, and optimize the use of blogs for the network.
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