Binance plans to reduce transaction costs with a new update for its BNB network.
Binance, the world’s largest exchange, announced a separate blockchain, where transactions can be made faster and at lower cost.
Binance Will Make BNB More Functional
Binance aims to reduce the transaction fees of the blockchain while speeding up transaction times.
Binance will make the BNB blockchain more efficient using zero-knowledge rollup technology.
The upgrade, scheduled for next year, will allow BNB to process between 5,000 and 10,000 transactions per second. These features will enable BNB to surpass even Ethereum.
What Binance has announced is a segregated blockchain where transactions are processed faster and at lower cost and results are forwarded to BNB.
Binance official Arnaud Bauer stated that the upgrade will provide more security for DApps and increase interoperability.
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