Onyxcoin (XCN) Faces Strong Bearish Pressure as Death Cross Looms

Changpeng Zhao (CZ) has proposed a significant change involving gas fees for transactions on the Binance Smart Chain (BSC), sparking community interest.

Users who transact on the Binance Smart Chain pay a BSC gas fee, with CZ now calling for a significant reduction to the standing rate.

Will Binance Smart Chain Reduce BSC Gas Fees?

Any user who has ever transacted on the Binance Smart Chain has undoubtedly paid a BSC gas fee. It refers to the transaction fees required to process transactions on the BSC network.

The gas fees are paid in BNB, the powering token for the Binance ecosystem, and the native crypto of Binance Smart Chain.

Data on BscScan, the blockchain explorer that tracks transactions on the BNB Smart Chain, shows gas fees at 1 Gwei as of this writing.

Meanwhile, data on Bitbond shows gas fees of 1.3 Gwei or $0.017 for a 15-second fast transaction speed.

Users looking for normal speeds of up to one minute pay 1.1 Gwei or $0.014 in gas fees. Slow transactions of up to three minutes require a gas fee of 1.0 Gwei or $0.013.

Still, there have been times when BSC gas fees jumped, adding up quickly for arbitrage traders.

Notably, the amount of gas fees required for a transaction depends on the complexity, size, and network congestion at the time of the transaction. 

Binance founder and former CEO Changpeng Zhao wants the rate revised, sharing the proposal in a post on X (Twitter).

“Let’s reduce BSC gas fees? by 3x, 10x?,” CZ posed.

Binance Users React: Will Lower Gas Fees Drive More Activity on BSC?

Notably, BSC gas fees are generally lower than on the Ethereum network. This makes BSC popular for decentralized applications (dApps) and transactions.

“Hey CZ, much appreciated, but as I use BSC chain most of the time, I have rarely felt that I’m paying any fee, like it’s too minor sometimes free,” one user remarked.

While CZ considers reducing BSC gas fees, he remains cognizant of the challenges of low gas fees. Against this backdrop, he refuted suggestions for zero gas fees.

CZ cites the role of validators and builders, who maintain network integrity and security by processing transactions, preventing double-spending, and ensuring trustless operations.

“Lots of spam, and also need to consider validators and builders,” CZ challenged.

The absence of gas fees would overwhelm the network due to a lack of cost deterrence, a common issue in blockchain systems.

To some, however, the adjustment would be a game-changer, benefiting decentralized finance (DeFi) and gaming, among other sectors. Others advocate for continued BNB burns for ecosystem growth.

“BNB burning from fees is good for BNB growth. No need to reduce,” another user wrote.

Meanwhile, it is worth mentioning that lower BSC gas fees could draw significant volume and activity. Recently, Tron founder Justin Sun advocated for lowering the costs, hoping to attract more traffic to the Tron blockchain.

“IMO, lowering fees and raising the energy cap won’t hurt TRON’s profitability. The fee cut should drive transactions to 20 M+ daily in three months, expanding market share and boosting profits. More energy will also encourage TRX staking for free transfers,” Sun stated.

He also spearheaded energy cap adjustments and reduced SunPump gas fees by 50%, lowering transaction costs to encourage greater user adoption. 

Amidst these efforts, TRON’s revenue surged to record highs, placing it first among all blockchains at the time. 

The post Changpeng Zhao Calls for 10x Cut in Binance Smart Chain Gas Fees, Sparking Community Buzz appeared first on BeInCrypto.

Dutch Blockchain Week 2025 is just around the corner, marking one of Europe’s most anticipated events in the blockchain and Web3 space. Now in its sixth edition, Dutch Blockchain Week has become a must-attend moment on the calendar for global crypto and Web3 experts and enthusiasts alike. While many are drawn to the 20+ high-profile side events—rivaling the scale of Token2049 and hosted by leading exchanges like Bitvavo, Bybit (powered by SATOS), and others—the spotlight of the week is on the Dutch Blockchain Week Summit.

This two-day flagship conference will be held on May 21–22 at De Meervaart in Amsterdam, serving as the central meeting point for partners, policymakers, and key industry players. So, what can you expect from this year’s DBW summit?

A Lineup of Global Speakers from Across the Industry

The Dutch Blockchain Week Summit goes beyond the typical echo chamber seen at conferences. Instead of fixating on one segment of the market, the Dutch Blockchain Week invites speakers from across the industry including regulatory bodies like the EU, tier 1 exchanges, the most renowned funds and more.

Some sneak peak of the speakers:

• Constantijn van Oranje – Techleap 
• Sjuul Follings – AltcryptoGems
• Brian Gahan – Kraken
• Eoin Kearns – Moonpay 
• Meyade Curfs – Bybit
• Mark Jennings – Gemini

With more names to be announced soon, the speaker lineup is becoming one of, if not the  most dynamic and influential in the European blockchain conference list.

The range of expertise extends into the interactive breakout sessions during the summit days. Day 1 from 11:55 to 12:55 and day 2 from 12:20 to 13:20, attendees from every corner of the industry can find value in the breakout sessions. Breakout sessions will happen between keynotes and fireside discussion with the full overview being provided during the event.

Interactive Exhibition Zone

A highlight of the summit is the dedicated exhibition area, giving Dutch Blockchain Week partners the opportunity to connect with attendees in an open, accessible setting at De Meervaart, Amsterdam. The space is designed for discovery, networking, and meaningful conversations—whether you’re looking for new, potential collaborators, or simply want to explore what leaders in the industry are doing. 

Startup Pitch Arena & Dutch Blockchain Awards

New to DBW25, the Startup Pitch Arena gives emerging blockchain startups the opportunity to pitch live on stage in front of leading venture capitalists, ecosystem builders, and media. It’s a unique chance to gain visibility, receive valuable feedback, and connect with the right partners to scale their ideas.

The excitement continues with the return of the Dutch Blockchain Awards, celebrating outstanding contributions across the ecosystem. This year’s award categories include:

• Best Newcomer Award
  
• Best KOL Award
  
• Best Fund Award
  
• Impactful Person Award
  
• Meaningful Education Award
  
• BCNL Community Award
  
• Best Media Platform
  
• Best Exchange / Broker
  

With both recognition and real opportunities on the line, these two programs are set to be major highlights of the Summit—spotlighting both rising talent and established leaders shaping the future of Web3.

Voting is now open via: link

And Yes, Lunch and Refreshments Are Included!

All Summit attendees will enjoy free lunch and refreshments on both days—because big ideas need fuel. Whether you’re discussing tokenization policy over sandwiches or networking during a coffee break, the shared lunch setup ensures attendees stay energized and engaged throughout the day.

Backed by Industry Leaders

This year’s event is powered by partnerships with industry giants. Bitvavo takes center stage as Main Partner, supported by a powerful lineup including:

• Bybit (powered by SATOS)
• OKX
• Coinbase
• Kraken
• Fireblocks
• Talos
• VanEck

These partners will not only be present on the Summit floor but are also contributing to side events, speaker sessions, workshops, and activations throughout the week. 

Final Countdown

Whether you’re attending for the keynotes, the networking, the startup exposure, or just to stay at the center of the action—Dutch Blockchain Week 2025 promises to be one of the most comprehensive Web3 experiences in Europe.Tickets are going fast! Only 2 weeks left to buy your ticket for the summit! 

Visit the website to secure your spot at the Summit.

The post The Dutch Blockchain Week 2025 Main Summit appeared first on BeInCrypto.

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