CZ Backs BNB Chain’s New L1 Plan With Single BNB Token

Changpeng Zhao (CZ), Binance founder and former CEO, has responded to BNB Chain’s new Layer 1 plan with the phrase “Multiple chains, one coin.” His response highlights the network’s approach to expanding blockchain capacity without introducing another native token. The proposed chain will operate alongside BNB Smart Chain (BSC). BNB Chain’s official documentation, updated on October 22, outlines a high-performance, Ethereum Virtual Machine (EVM)-compatible network designed for latency-sensitive applications. The plan retains BNB for gas fees, staking, and governance. The network targets 200-millisecond blocks and approximately 20-millisecond transaction pre-confirmations, with a public testnet expected by late 2026. Also Read | Solana Leads Tokenized Fund Growth as SOL Price Eyes $114 Breakout The new Layer 1, which has not yet been named, will co-exist with BSC via a native bridge.

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