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Home Crypto News Market From Now Binance Coin (BNB) Will Be Burned With Every Transaction Like...

From Now Binance Coin (BNB) Will Be Burned With Every Transaction Like Ethereum

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Binance the biggest cryptocurrency exchange token BNB is now going to be burned with every transaction.



BNB is currently trading up 3.42% and one coin price is $627.47.

The reason for the increase in price is BSC Bruno Upgrade v1.1.5 and the burning of 500 BNB Coins ($315,690 USD) since the BEP-95 real-time burn upgrade.

The official Binance Twitter handle just confirmed the update via tweet, which states:

“Today the #BSC Bruno Upgrade v1.1.5 occurred.

Key changes:

  1. New real-time burning mechanism of BNB.
  2. Full node sync speed increase (60%+).
  3. A fixed ratio of the BNB gas fee collected by the validators will be burned in each block.

 

Binance has shared all the details related to Bruno Upgrade v1.1.5 via posting blogpost on their official website.

This hard fork introduces a real-time burning mechanism into the economic model of BSC with the aim to introduce a new burning process of BNB and speed up the full node sync by more than 60%. This upgrade introduces the previously announced BEP-95 with a real-time burning mechanism.

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Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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