Binance which is the world’s largest cryptocurrency exchange by volume.TweetAs of Oct. 26, the cumulative number of transactions on Binance Smart Chain (BNB) hasmore than 1.5 billion views, the network achieved this goal in just 14 months after its launch on Aug. 31, 2020.
According to BscScan, the number of daily transactions on the blockchain justmoreIt’s over 10 million, which just hit a record 13 million on July 29, and it looks like there are over 108 million unique wallet addresses on the BSC blockchain. Comparewith about 650,000 at the beginning of the year
Over the past few months, the BSC network has emerged as a competitor to Ethereum in terms of cost and performance. According to YCharts.com, the average GAS price and block time on the Ethereum network havevalue $131.87 and 13.33 seconds respectively. Meanwhile on BSC it takes only 3.02 seconds to mine new blocks. where users pay an average of $6.64 in GAS fees to operate smart contracts on the blockchain. However, BSC is more centralized than the Ethereum network as it only has 21 validators.
Binance founder Changpeng Zhao said he had to expand the BSC network, announcing the launch of a $1 billion fund to develop the BSC and cryptocurrency ecosystem. at present The most popular decentralized application or dApp on the BSC is PancakeSwap — a decentralized exchange, or DEX, according to CoinGecko. have More than 2,436 altcoins available for trading.
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