Data: BNB’s real-time destruction exceeded 160000 pieces
According to reports, according to BSCScan data, the real-time destruction amount of BNB has exceeded 160000 pieces, and currently about 160241 pieces. BNB’s real-time destruction mechanism was proposed by BEP95, similar to Ethereum’s current EIP-1559 destruction mechanism.
Interpretation of this information:
The message is referring to the real-time destruction of Binance Coin (BNB). BSCScan data shows that the number of BNB coins that have been destroyed has exceeded 160,000, with the current number being 160,241 pieces. This is in line with a real-time destruction mechanism that was proposed by BEP95, which is similar to Ethereum’s EIP-1559 destruction mechanism.
Binance Coin is the native currency of the Binance Smart Chain (BSC), and it is used for a variety of purposes on the platform, such as paying for transaction fees, staking, and trading. The real-time destruction mechanism that was introduced by BEP95 is designed to reduce the supply of BNB and increase its value over time.
Under this mechanism, a portion of the transaction fees that are paid in BNB are automatically burnt or destroyed. This means that the total number of BNB in circulation will decrease over time, as more and more coins are destroyed. The rate of destruction will depend on the amount of transaction fees that are being paid on the Binance Smart Chain.
The use of a real-time destruction mechanism is expected to have a positive impact on the value of Binance Coin. By reducing the supply of BNB, the mechanism will create scarcity and make the remaining coins more valuable. This should increase demand for Binance Coin over time, leading to higher prices.
In summary, Binance Coin’s real-time destruction mechanism, introduced by BEP95, is designed to reduce the supply of the currency over time by automatically destroying a portion of the transaction fees that are paid in BNB. This mechanism is similar to Ethereum’s EIP-1559 destruction mechanism and is expected to increase the value of Binance Coin by creating scarcity. The three keywords for this message are Binance Coin, real-time destruction, and BEP95.
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