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$BNB Chain will allow #BSC native liquid staking.
As the BNB Beacon Chain is shut down, BNB Chain will allow native liquid staking on its BNB Smart Chain (BSC).
BNB Chain informed Cointelegraph that the BNB Beacon Chain would close in June 2024. The firm says it would move its features to the BSC before closing.
BNB Chain claimed liquid staking on BSC would let ecosystem members protect the network while maintaining asset liquidity.
BNB Chain indicated the liquid staking functionality will launch in April or May.
The BNB Chain core development team informed Cointelegraph that switching to BSC is a network optimization effort. They said:
Implementation coincides with the BNB Chain Fusion sunset, simplifying the network, enhancing efficiency, eliminating security threats, and meeting technical needs.
The team said that the move is part of the company's expansion ambitions to make BNB Chain “more attractive to users.”
BNB Chain claimed that users may participate in decentralized finance without compromising asset usefulness since they would have liquid staking tokens reflecting their staked crypto assets.
The BNB Chain core development team informed Cointelegraph that holders may assign BNB $60 to a liquidity pool or the validator. They said:
BNB liquidity staking compensates stakers and secures the BNB Chain network. BNB holders have additional choices for staking their assets and BNB.
BNB holders may obtain liquidity provider tokens for staking their tokens in the liquidity pool, which they can employ in numerous ecosystem activities, the team noted.
The development team plans to launch liquid staking and BNB Chain MEV optimization concurrently.
“Validators with MEV enabled will have the opportunity to boost their staking returns through MEV revenue, which will count toward Liquidity Staking rewards,” the team said.
#BinanceLaunchpool #BullorBear
As the BNB Beacon Chain is shut down, BNB Chain will allow native liquid staking on its BNB Smart Chain (BSC).
BNB Chain informed Cointelegraph that the BNB Beacon Chain would close in June 2024. The firm says it would move its features to the BSC before closing.
BNB Chain claimed liquid staking on BSC would let ecosystem members protect the network while maintaining asset liquidity.
BNB Chain indicated the liquid staking functionality will launch in April or May.
The BNB Chain core development team informed Cointelegraph that switching to BSC is a network optimization effort. They said:
Implementation coincides with the BNB Chain Fusion sunset, simplifying the network, enhancing efficiency, eliminating security threats, and meeting technical needs.
The team said that the move is part of the company's expansion ambitions to make BNB Chain “more attractive to users.”
BNB Chain claimed that users may participate in decentralized finance without compromising asset usefulness since they would have liquid staking tokens reflecting their staked crypto assets.
The BNB Chain core development team informed Cointelegraph that holders may assign BNB $60 to a liquidity pool or the validator. They said:
BNB liquidity staking compensates stakers and secures the BNB Chain network. BNB holders have additional choices for staking their assets and BNB.
BNB holders may obtain liquidity provider tokens for staking their tokens in the liquidity pool, which they can employ in numerous ecosystem activities, the team noted.
The development team plans to launch liquid staking and BNB Chain MEV optimization concurrently.
“Validators with MEV enabled will have the opportunity to boost their staking returns through MEV revenue, which will count toward Liquidity Staking rewards,” the team said.
#BinanceLaunchpool #BullorBear
CATEX ARMY ON THE MARKET, CATS ARE NOW SAFE !! WAIT FOR US DOGE WE ARE COMING
#Megadrop #BSC #CATEX #bitcoinhalving #DOGE
#Megadrop #BSC #CATEX #bitcoinhalving #DOGE
The top 500 #BSC whales are hodling
$63,784,004 $LYO
$29,258,503 $XRP
$20,945,818 $USDZ
$20,519,180 $PALLA
$18,308,186 $SFP
$17,291,362 $Cake
$12,395,580 $MBOX
$12,093,769 $REEF
#crypto2023 #BNB #Binance #dyor
$63,784,004 $LYO
$29,258,503 $XRP
$20,945,818 $USDZ
$20,519,180 $PALLA
$18,308,186 $SFP
$17,291,362 $Cake
$12,395,580 $MBOX
$12,093,769 $REEF
#crypto2023 #BNB #Binance #dyor
Top Gainers in #BNBChain Ecosystem Last 24 Hours
$CHAMP @NFTChampions $PRX @parexmarket $WMX @WombexFinance $SDAO @SingularityDao $HAI @hackenclub $HOTCROSS @hotcrosscom $MNG @MoonNation0 $FLUX @runonflux $CHESS @tranchess $OPUL @opulousapp #BNB #Binance #BSC #crypto2023
$CHAMP @NFTChampions $PRX @parexmarket $WMX @WombexFinance $SDAO @SingularityDao $HAI @hackenclub $HOTCROSS @hotcrosscom $MNG @MoonNation0 $FLUX @runonflux $CHESS @tranchess $OPUL @opulousapp #BNB #Binance #BSC #crypto2023
Worth checking #Sweetfinance on #BSC
Aims to bring financial freedom to investors through DeFi tools, memes, & insights, while having fun
Audit soon. Staking after launch. NFTs DEX & Merchandise coming
#SweetFinance #DeFi #Memes
Aims to bring financial freedom to investors through DeFi tools, memes, & insights, while having fun
Audit soon. Staking after launch. NFTs DEX & Merchandise coming
#SweetFinance #DeFi #Memes
This is alpha guys
#MetaverseVR #BSC will announce a new Top Tier Exchange listing soon. I smell an EPIC run once this comes out
Chart is heating UP
#MetaverseVR #BSC will announce a new Top Tier Exchange listing soon. I smell an EPIC run once this comes out
Chart is heating UP
BNBChain Proposes Flexible Transaction Fees To Enhance Competitiveness Of BSC
BNBChain has launched a proposal to adopt a more flexible and adaptive transaction fee structure on the BNB Smart Chain (BSC) to enhance its competitiveness with other Layer 2 (L2) solutions.
Currently, BSC’s fixed transaction fee rate of 5 gwei is higher than the fees offered by L2 solutions, which puts BSC at a disadvantage in the market. This proposal aims to address this issue by allowing users to choose transaction fees below the current 5 gwei rate, with options to go as low as 3 or 4 gwei.
The proposal seeks to ensure efficient block utilization, attract new users, and sustain the BNB economy. BSC validators should reassess their current transaction fee structure to prevent a slower pace of growth in comparison to rapidly growing L2 solutions.
@azcoinnews
The proposal offers simulations that demonstrate the potential uptick and benefits of the adjustment, which could help BSC maintain its market position and attract users looking for more affordable and efficient blockchain solutions.
By adopting this proposal, BSC L1 would become more attractive than other ecosystems’ L2 solutions, providing a competitive advantage for potential BSC L2 solutions. The proposed change would also enhance sustainability, attract new users, and optimize block utilization. Validators could consider raising the commission rate they receive from the validator’s earnings to maintain a targeted return on investment.
In conclusion, adopting a more flexible and adaptive transaction fee structure on BSC would ensure the continued growth and competitiveness of the BSC ecosystem in an increasingly competitive market. This proposal offers a win-win solution for the entire ecosystem, benefiting both BSC L1 and BSC L2. It remains to be seen if the proposal will be accepted by BSC validators, but it presents a promising opportunity for BNBChain to enhance its competitiveness with other L2 solutions.
#BSC #BNBChain #BNB #Binance #azcoinnews
This article was republished from azcoinnews.com
Currently, BSC’s fixed transaction fee rate of 5 gwei is higher than the fees offered by L2 solutions, which puts BSC at a disadvantage in the market. This proposal aims to address this issue by allowing users to choose transaction fees below the current 5 gwei rate, with options to go as low as 3 or 4 gwei.
The proposal seeks to ensure efficient block utilization, attract new users, and sustain the BNB economy. BSC validators should reassess their current transaction fee structure to prevent a slower pace of growth in comparison to rapidly growing L2 solutions.
@azcoinnews
The proposal offers simulations that demonstrate the potential uptick and benefits of the adjustment, which could help BSC maintain its market position and attract users looking for more affordable and efficient blockchain solutions.
By adopting this proposal, BSC L1 would become more attractive than other ecosystems’ L2 solutions, providing a competitive advantage for potential BSC L2 solutions. The proposed change would also enhance sustainability, attract new users, and optimize block utilization. Validators could consider raising the commission rate they receive from the validator’s earnings to maintain a targeted return on investment.
In conclusion, adopting a more flexible and adaptive transaction fee structure on BSC would ensure the continued growth and competitiveness of the BSC ecosystem in an increasingly competitive market. This proposal offers a win-win solution for the entire ecosystem, benefiting both BSC L1 and BSC L2. It remains to be seen if the proposal will be accepted by BSC validators, but it presents a promising opportunity for BNBChain to enhance its competitiveness with other L2 solutions.
#BSC #BNBChain #BNB #Binance #azcoinnews
This article was republished from azcoinnews.com
Watching $POLL on #ETH and #BSC side since the #onecoinmultiplechains price is much cheaper and while I am waiting fro the bridge, it could be a good opportunity. Even though #arbitrum side is the one with highest volume so people prefer to trade over there #trading
