The latest action by BNB Chain to reduce transaction costs (by 40%) might have played a role in attracting market participants to the network. Nonetheless, there may have been more.
Binance exchange’s CEO Changpeng Zhao has revealed the state of Kazakhstan would be testing the integration of their CBDC on the BNB Chain.
On October 12, 2022, an attack was launched against Mango Markets, a decentralized finance network located in Solana, draining $100 million from exchanges.
The Binance Blockchain (BNB) and the Binance Smart Chain, were shut down after a rise in “irregular activity” revealed a potential network vulnerability.
BNB Chain has surpassed 3.4 billion transactions. Decentralized, and censorship-resistant blockchains include BNB Chain. BTC has fallen to just around $22,000. As protocols on the chain continue to draw users and activity even during a general market slump, BNB Chain is almost ready to surpass the enormous 3.4 billion transaction threshold. The industry’s most popular chain utilized Twitter to emphasize that it had reached 3.4 billion in transactions on September 11. Given that BTC has fallen to just around $22,000 at the time of scripting, according to CoinMarketCap, a level last seen in the summer of 2021, the growth figure
BNB Chain will launch sidechains to increase its network dependability. Decentralized applications compatible with BNB Chain are going to host the sidechains. BAS will function in the same way as Ronin Chain for Axie Infinity. BNB Chain, one of the most widely used smart contract platforms established by crypto exchange Binance, plans to cut the cost and increase the transaction speed for high resource applications such as gaming by launching sidechains. According to a statement of a Binance spokesperson through TheBlock, The BNB Chain Application Sidechain (BAS) will allow developers to connect data and assets from BNB Chain, with increased
