- This blockchain is not the same as that of upgrade Would bring blobs, but in a slightly different way.
- BNB Chain saw an increase of fees but a decline in development activities.
Same day Ethereum [ETH] Dencun Finalized upgrade, BNB Chain It was announced that the company would follow a similar course.
BNB Chain intends to expand its business, according to the company. work On a New upgrade Tag the “BEP 633” Over the years, there have been many attempts to improve on what is already available. next Few months.
BEP 633 has similar characteristics to Ethereum EIP 4844 which significantly reduces transaction costs for Layer-2 (L2) Projects. BEP 633, like the EIP 4844, brings blobs to the discussion.
The cheaper option requires sacrifices
Blobs are a type of highly-scalable cloud storage which compresses data. This also simplifies the process of network verification.
BNB Chain in its entirety disclosureopBNB’s L2 ecosystem would benefit from the blobs, said.
Decentralized Smart Contract Network explained
“The temporary attribute of blobs ensures they don’t indefinitely consume network space, leading to lower storage costs and, consequently, cheaper gas fees for users.”
You can also find out more about this by clicking here. upgrade This would be the third big project in the past year. AMBCrypto revealed that the chain will introduce new products in 2023. GreenfieldThe focus of the book was on storage and data management.
Around the same time, opBNB was also introduced.
BNB Chain clarified that EIP-4844 is not the same as BEP-633. Based on its, communiqué, blobs would be managed by the Binance Smart Chain (BSC).
BSC was also tasked with the management of gas pricing and fee burning.
Network attention is not about development but rather, it’s about returning to network.
As of press time, the fees generated by blockchain reached $1.3million, which indicates a high network. activity.
BNB Chain, despite the increased activity in the network has had difficulty maintaining consistency in its development activities.
AMBCrypto has a number of different cryptocurrencys. analysis According to Santiment, BNB’s development activity reached its peak on January 26.
Few days later the number was unchanged. On the third of March, the metric increased.
The development activity at the time of publication was again flat, which indicated that commits had dried up on the network. There was, however, one metric which put BNB into a positive light. That was the Social Dominance.
This measure shows how much media attention a certain project has received. The surge in attention meant BNB Chain was getting a lot more media coverage.
Here’s a list of realistic and not-so-realistic images. BNB’s market cap in ETH’s terms
As the BEP-633 schedule is being rolled out, it could lead to changes in development activities. upgrade.
According to the information AMBCrypto received, the Testnet is scheduled for April and the Mainnet by June.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com