I Didn’t do Much for Binance Smart Chain, Just a Lot of Shilling – CZ

JOHN P. NJUI   •   BINANCE (BNB) NEWS •   MARCH 21, 2021

Summary:

• CZ has pointed out that he did not contribute much towards the building of the Binance Smart Chain
• He explained that all he does is support the project through ‘a lot of shilling’
• The Binance Smart Chain continues to grow with daily transactions constantly above 2 million
• Binance smart chain unique addresses have now hit 60.384 million in total

Earlier this week, the CEO of Binance, Changpeng Zhao, explained via Twitter that he had almost zero contribution to the Binance Smart Chain project. According to CZ, he did not write a single line of code nor make any design decisions. He also added that majority of his work has been supporting the project through a lot of shilling.

CZ was responding to another tweet crediting him for the spectacular growth of the Binance Smart Chain in the last few months. His full response can be found below.

Binance Smart Chain On-Chain Metrics Continue to Grow

A quick glance at BSCScan.com reveals that the Binance Smart Chain has continued to sustain the impressive growth of the project since the beginning of the year. According to the tracking website, the Binance Smart Chain now handles over 2 million transactions in a day with a current count of 2.6 million. The highest amount of daily transactions of 3.726 million were recorded on March 16th.

The screenshot below courtesy of BSCSCan.com further demonstrates this fact.

In terms of network growth, the Binance Smart Chain now hosts 60.384 million unique addresses with the highest increment witnessed on March 2nd. On this date, a total of 6.574 million new Binance Smart Chain addresses were created as highlighted by the following chart courtesy of BSCScan.com.

Network Activity on the Binance Smart Chain is Bullish For Binance Coin

The growth of the Binance Smart Chain has had a positive effect on the value of Binance Coin (BNB) that has seen a parabolic rise since the beginning of the year. BNB opened the year at roughly $38 and is currently trading at $265 signifying a 6.97x increment in value in one quarter.

Besides the possibility of a drastic Bitcoin dip down the line, there is no other potential roadblock halting BNB from growing further in terms of value as network use increases. To note is that the 15th Binance Coin burn is around the corner and the event should push BNB close or past the $300 price ceiling.

(Feature image courtesy of Unsplash.com)

Markethive Advertisement

Original article posted on the EthereumWorldNews.com site, by John P. Njui.

Article re-posted on Markethive by Jeffrey Sloe