Unique wallet addresses on the Build and Build (BNB) network have already surpassed Ethereum. According to a statement on Dec. 22 from the developer
software developerclaimThis makes the BNB Chain the “largest Layer 1 blockchain in the world.” However, the blockchain data also shows that the Bitcoin network is still larger than both the BNB Chain and Ethereum.
According to Etherscan, Ethereum currently haveMore than 217 million unique wallets, in contrast to the BNB Chain. haveMore than 233 million unique wallets, according to data from BscScan, this means that BNB Chain is bigger than Ethereum.
On the other hand, the Bitcoin network haveMore than 1 billion unique wallets making it larger than the two networks combined
The statement is part of the BNB Chain’s “Year in Review,” and the post highlights other milestones the BNB Chain has achieved over the past year. The network had a maximum transaction limit of 9.8 million transactions per day in May. and reached 2.2 million daily active users (DAUs) in October. DAUs are defined as the number of unique wallets per day that interact with smart contracts.
Developers also credit the success of the network in 2022 to several new projects implemented this year, with the BNB Sidechain protocol allowing decentralized application (Dapp) developers to run their Dapps. on separate shards of the network, which reduces congestion and lowers transaction costs.
Secondly, the team has also funded a $10 million creator and incentive program for Dapp developers, which has led to the creation of more Dapps for the BNB Chain and in turn attracting more users.
“Soulbound tokens” were also introduced, which allow users to register wallet addresses for KYC purposes by holding non-transferable tokens in their wallets. The developers claim that this has increased the reputation of BNB Chain in the NFT and Web3 gaming communities.
Finally, the team credits the growth with the introduction of Avenger DAO, an API that will alert BNB Chain users whenever they interact with contracts that are identified as malicious. in which, from the point of view of the team This makes users feel more secure browsing the BNB network and leads to more user protection.
The network has also added 23 validators this year. and plans to add 60 more in the coming months. This should help make the network less centralized than it used to be.
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