In recent years, the crypto market landscape has been radically transformed with the emergence of hundreds of new cryptom currencies. These have been born with the aim of becoming the replacement of The News Spy as the queen of virtual currencies. However, so far none have been able to come close to the currency created by Satoshi Nakamoto. Which doesn’t stop the Crypto Point Hindi account from mentioning in the day’s Tweet that BNB’s speed „is like magic“:
BNB has outperformed Bitcoin in recent years
BNB and its magic speed
For a long time, crypto-currencies have tried to gain a foothold in the international financial market as a replacement for fiat money. So far, they have not achieved the level of massification necessary to compete with currencies such as the US dollar.
And one of the main reasons for users not to use cryptomonies in their daily transactions, are the execution times. For, in most of the Blockchains of crypto currencies, the speed with which an operation is performed can vary from a few minutes to more than an hour.
However, this seems to be changing in recent times. With more and more crypto currencies trying to solve the problem of scalability in their block chains, increasing the speed of operation execution. This would already be giving results in cases like BNB, the virtual currency of the exchange Binance:
„Today I transferred some BNB after a long time and the speed was like magic!! I believe that #BNB can really replace cash. @cz_binance I’m not sure how you’re doing it, but this is the next level of speed in transfers“.
This way, it looks like BNB would be taking the lead in the race to solve the speed problem in Blockchain operations. This could lead to Binance’s crypto currency becoming even more entrenched within the crypto world, thanks to the combination of its technical capabilities and Binance’s business influence.