Despite the cryptocurrency winter taking hold in the marketplace, BNB Chain nevertheless has some extraordinary final results, specifically as exclusive wallet addresses have now surpassed Ethereum.
On Jan. 22, the developers of BNB Chain, the blockchain powered by the Binance exchange, mentioned that exclusive addresses on the platform surpassed the 230 million mark, surpassing Ethereum to come to be the biggest tier one blockchain in the planet.
BNB Chain has produced wonderful strides in onboarding the upcoming billion end users #Web3 in 2022
We want to thank our unbelievable neighborhood for joining the trip as we lay the groundwork for an even larger 12 months ahead.
Further information ️https://t.co/9jNFdVeoZ3 pic.twitter.com/QjxL3ey759
— BNB Chain (@BNBCHAIN) December 22, 2022
However, it appears that the aforementioned statement by the BNB Chain group is a bit “outrageous”. Because in contrast to Etherscan, Ethereum now has much more than 217 million exclusive addresses. In contrast, BNB Chain has above 233 million addresses. This helps make sense with the conclusion that BNB Chain outperforms Ethereum on this metric. Even so, the Bitcoin network now has above one billion addresses, building BTC even larger than the two networks mixed.
Overall, the information presented is only a portion of the BNB chain’s “One Year Review” report. The submit also highlights other important milestones that blockchain has attained in the previous 12 months.
Notable final results involve the network reaching 9.eight million transactions per day in May 2022 and two.two million day-to-day lively end users (DAU) in October 2022, with a defined DAU getting the variety of exclusive addresses per day interacting with the intelligent contract.
The developers attribute the accomplishment of the network in 2022 to a series of quickly rolling out initiatives, in which a sidechain resolution referred to as BNB Chain Application Sidechain (BAS) and Layer two zkBNB perform a function.
In addition, the release of a new strategy this kind of as the to start with Soulbound Token on BNB Chain, which enables end users to register wallet addresses for far better KYC functions, has greater the status of the platform in the Web3 and NFT gaming neighborhood, therefore attracting a significant variety of end users.
Despite the successes just pointed out, BNB Chain is nevertheless criticized by numerous elements of the blockchain neighborhood for getting as well centralized. Although the final submit mentions that the network has additional 23 much more validators (Validators) by 2022 and strategies to improve the variety to 60 in the coming months to handle this concern. However, in terms of decentralization, BNB Chain lags far behind Ethereum with above 400,000 validators.
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