BNB validators propose gas and block production upgrade. | Credit: Credit: Hyoung Chang/The Denver Post. Key Takeaways BNB Smart Chain validators have proposed to cut transaction fees in half to around $0.001. Binance Smart Chain has been criticized for not being decentralized enough with just 45 validators. BNB is currently trading at $1,024 after briefly hitting an all-time high of $1,026. Binance’s flagship blockchain network could be cutting its transaction fees in half and almost doubling its ...

BNB Chain validators have proposed slashing gas fees by 50% and accelerating block speeds to maintain competitiveness against Solana and Base as the BNB token surges past $1,000 for the first time in history. The proposal would reduce the minimum gas price from 0.1 Gwei to 0.05 Gwei, while shortening block intervals from 750 milliseconds to 450 milliseconds. Average transaction costs would drop to approximately $0.005 per transaction under the proposal, positioning BNB Smart Chain alongside the cheapest ...

Avalanche and Binance’s BNB token are emerging as the biggest winners in the race for institutional adoption. The major backing for the two altcoins came from two publicly-listed companies amid AVAX crashing more than 6% and BNB dropping almost 4% in the past 24 hours, according to CoinMarketCap. AVAX: First Publicly-Traded Avalanche-Focused Company AgriFORCE Growing Systems Ltd (AGRI) unveiled plans to rebrand as AVAX One, becoming the first NASDAQ-listed company dedicated to Avalanche. The company is ...