BNB Chain now has more unique addresses than Ethereum, developer says

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Distinctive addresses on the Construct and Construct (BNB) Chain have now surpassed Ethereum, in accordance with a Dec. 22 assertion from the developer.

The developer claims that this makes BNB Chain “the biggest layer 1 blockchain on the earth.” Nonetheless, blockchain information reveals that the Bitcoin community continues to be bigger than each BNB Chain and Ethereum.

In keeping with Etherscan, Ethereum at present has over 217 million distinctive addresses. Against this, BNB Chain has over 233 million distinctive addresses, in accordance with BscScan. This means that BNB Chain is bigger than Ethereum as judged by this metric.

Alternatively, the Bitcoin community has over 1 billion distinctive addresses, making it bigger than each of those networks mixed.

The assertion was made as a part of BNB Chain’s “Yr in Overview.” The put up additionally highlighted different vital milestones that the BNB community has reached over the previous yr. The community capped out at 9.8 million transactions per day in Could and reached 2.2 million each day lively customers (DAUs) in October, with DAUs being outlined because the variety of distinctive addresses per day that work together with a wise contract.

The builders credit score the community’s success in 2022 to a number of initiatives carried out this yr. The BNB Sidechain protocol allowed decentralized software (Dapp) builders to run their Dapps on separate shards of the community, decreasing congestion and reducing transaction prices.

Secondly, the staff funded a builder grant and $10 million incentive program for Dapp builders, which led to extra Dapps being created for BNB Chain and this, in flip, attracted extra customers.

Moreover, “soulbound tokens” were introduced, which allowed customers to register pockets addresses for Know Your Buyer (KYC) functions by holding non-transferrable tokens of their wallets. The builders declare that this elevated BNB Chain’s repute within the nonfungible token and Web3 gaming neighborhood.

Lastly, the staff credited its development to the launch of Avenger DAO, an API that alerts customers of BNB Chain every time they work together with contracts flagged as malicious. Within the staff’s view, this made customers really feel extra secure looking the BNB community, resulting in extra person retention.

Regardless of these successes, BNB Chain continues to be criticized by many within the blockchain neighborhood for being too centralized. The put up does point out that the community added 23 validators this yr and plans so as to add 60 extra within the coming months, which ought to assist to make the community much less centralized than it was earlier than. By comparability, Ethereum has over 400,000 validators.