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Will new Binance Smart Chain [BSC] proposal increase BNB utility? Analyzing…
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The Binance Smart Chain [BSC] was feeling the pressure as layer 2 networks turned up the heat. However, it strived to remain competitive, as evidenced by its latest announcement.
Realistic or not, here’s BNB market cap in BTC’s terms
The Binance Coin [BNB] chain has reportedly floated a new proposal that sought to lower gas fees on its network. According to the official announcement, the proposal was mostly fueled by the need to remain competitive.
The proposal was also a response to layer 2 networks, which have considerably lowered costs on networks such as Ethereum [ETH]. Thus, with the passing of the new proposal, users would experience lower transaction fees.
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