{"id":76398,"date":"2023-03-29T16:27:18","date_gmt":"2023-03-29T13:27:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76398"},"modified":"2025-09-10T17:12:21","modified_gmt":"2025-09-10T14:12:21","slug":"bnb-chain-explores-lower-transaction-fees","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bnb-chain-explores-lower-transaction-fees\/","title":{"rendered":"BNB Chain explores lower transaction fees"},"content":{"rendered":"<p>A proposal to reduce transaction fees in the BSC consensus protocol <span data-descr=\"BNB Smart Chain\" class=\"old_tooltip\">BSC<\/span> has been put forward for consideration by the BNB Chain community.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Did you know? ?<\/p>\n<p>The official BNB Chain forum hosts proposals aimed at improving our network. Right now, we\u2019re discussing a proposal for adopting lower transaction fees to enhance our competitiveness. <\/p>\n<p>Visit the link below and share your thoughts!<a href=\"https:\/\/t.co\/ry7RyYyq0f\">https:\/\/t.co\/ry7RyYyq0f<\/a><\/p>\n<p>\u2014 BNB Chain (@BNBCHAIN) <a href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/1640987159279861763?ref_src=twsrc%5Etfw\">March 29, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The author going by the nickname ArnoB noted that L2 solutions have recently grown in popularity, offering users lower fees than the first-tier BNB Chain.<\/p>\n<p>ArnoB noted that the network&#8217;s current fee is set at a relatively high fixed rate of 5 Gwei.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I propose that the validators of the BSC adopt a more flexible approach to transaction fees, allowing users to choose a rate below the current 5 Gwei, with the possibility of reductions to 3 or 4 Gwei depending on their financial needs,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>In his view, this would help the blockchain and L2 protocols built on it stay competitive. ArnoB noted that the approach he proposed would help:<\/p>\n<ul class=\"wp-block-list\">\n<li>increase network resilience through an influx of new projects;<\/li>\n<li>attract new users to the ecosystem, contributing to higher collected fees;<\/li>\n<li>optimize the use of block space, enabling validators to receive greater rewards.<\/li>\n<\/ul>\n<p>According to ArnoB, over the past six months the blockchain metrics have stabilised, with load fluctuating in the 15-20% range. As the metric grows, total network fees would increase even at lower rates, he suggested based on several models.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I firmly believe that adjusting fees to make them more profitable could help BSC maintain its market position and attract those seeking more affordable and efficient blockchain solutions,&#8221; the user said.<\/p>\n<\/blockquote>\n<p>In March, the developers of the Uniswap decentralized exchange <a href=\"https:\/\/u1f987.com\/en\/news\/uniswap-team-rolls-out-third-version-of-protocol-on-bnb-chain\">deployed<\/a> the third version of the protocol on the BNB Chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A proposal to reduce transaction fees in the BSC consensus protocol has been put forward for consideration by the BNB Chain community.<\/p>\n","protected":false},"author":1,"featured_media":76399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1307],"class_list":["post-76398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-bnb-chain"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=76398"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76398\/revisions"}],"predecessor-version":[{"id":76400,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/76398\/revisions\/76400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/76399"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=76398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=76398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=76398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}