[ccpw id="33263"]

Crypto update: According to the developer, BNB Chain now has more unique addresses than Ethereum.

Newsway
views : 1

The developer said on December 22 that the number of unique addresses on the Build and Build BNB Chain has now surpassed Ethereum.

As a result, according to the creator, BNB Chain is now “the largest layer 1 blockchain in the world.” Blockchain research reveals that the Bitcoin network is still bigger than both Ethereum and BNB Chain.

Etherscan estimates that there are currently over 217 million unique addresses in Ethereum. BscScan reports that BNB Chain has more than 233 million distinct addresses in contrast. According to this criterion, it can be concluded that BNB Chain is bigger than Ethereum.

However, the Bitcoin network is bigger than both of these networks put together, with over a billion distinct addresses.

The comment was made as part of “Year in Review” for BNB Chain. The article also highlighted other noteworthy accomplishments that the BNB network had made during the previous 12 months. The network hit a daily transaction ceiling of 9.8 million in May and 2.2 million daily active users (DAUs), where DAUs are the number of distinct addresses that engage with a smart contract each day.

The network’s success in 2022 is attributed by the creators to a number of this year’s projects. The BNB Sidechain protocol enabled developers of decentralized applications (Dapps) to operate their Dapps on different network shards, reducing network congestion and transaction costs.

Second, the team provided a builder grant and a $10 million incentive scheme for Dapp developers, which encouraged the development of more Dapps for the BNB Chain and increased user interest.

Furthermore, “soulbound tokens” were unveiled, enabling users to register wallet addresses for Know Your Customer (KYC) purposes by keeping non-transferable tokens in their wallets. The creators assert that this improved the standing of BNB Chain in the nonfungible token and Web3 gaming industries.

The organization also attributed its expansion to the release of Avenger DAO, an API that warns BNB Chain users anytime they engage with contracts that have been marked as dangerous. According to the team, this increased user retention since customers felt safer using the BNB network.

The organization also attributed its expansion to the release of Avenger DAO, an API that warns BNB Chain users anytime they engage with contracts that have been marked as dangerous. According to the team, this increased user retention since customers felt safer using the BNB network.

Despite these achievements, BNB Chain continues to face criticism for being overly controlled from a large portion of the blockchain community. It is mentioned in the post that the network installed 23 validators this year and intends to add 60 more in the upcoming months, which should help to decentralize the network from its previous state. Ethereum, in contrast, has more than 400,000 validators.

Share This Article

Leave a Reply

Your email address will not be published. Required fields are marked *