Binance Smart Chain (BSC) Crosses 1.5 Billion Transactions!

Binance Smart Chain Unveils Detailed Roadmap of 2022
  • Binance Smart Chain crosses over 1.5 Billion transactions .
  • Daily number of transactions now becomes 10 million.
  • Changpeng Zhao (CZ) reveals a fund of $1 billion for BSC.

Binance, being the world’s largest crypto exchange globally, is obviously establishing itself more and more. Despite numerous allegations upon it and getting cornered profusely in many countries in terms of rules and regulations, Binance never stops in developing itself technologically. Yet, Binance still thrives as the world’s largest global crypto exchange. 

Accordingly, the exchange has its own blockchain, the Binance Smart Chain (BSC). In spite of this, the platform functions as an all-in-one ecosystem for establishing all sorts of Decentralized Applications (DApps) to be built upon. 

And so, now the BSC sets a new record of crossing over 1.5 billion transactions.

1.5 Billion Transactions

Binance officially declared via a tweet on October 26 regarding it. Accordingly, the tweet stated that BSC has so far crossed over 1.5 billion overall transactions.  

Despite being launched just a little more than a year ago, on August 31, 2020 to be more precise, BSC has established itself. 

Moreover, the BscScan reveals that the transaction count on a daily basis has also increased over time. In addition, at present on an average in recent days the daily transaction counts upon BSC has surpassed 10 million. Also, this is nearly close to its record high of 13 million which took place on July 29, 2021. 

Furthermore, at present the overall accounts upon BSC mount to 108 unique wallet addresses. However, in January 2021, it was only about 650,000 only. 

Founder’s Views for BSC

Besides all these hypes, BSC has really established itself such that now it seems to overtake the likes of Ethereum (ETH) blockchain comparatively. In addition to lesser gas prices and higher transaction rates for just 3 seconds BSC excels over ETH blockchain profusely. 

Moreover, the founder of Binance, Changpeng Zhao aka, ‘CZ’ terms that the team of BSC are completely overwhelmed with these tremendous achievements. Also, he revealed in the first week of October that BSC will be provided with a funding of $1 billion. 

In addition, these funds will be towards the development of all technical aspects in order for BSC to thrive more in future.

A Project Engineer by profession, a writer by passion. Especially into the critics and skeptics on cryptocurrency. His fascination towards the crypto world and his personal experience on it has made him a writer with a taste.