The BNB Chain validator proposal plans to reduce the minimum gas fee from 0.1 Gwei to 0.05 Gwei and shorten the block interval from 750 milliseconds to 450 milliseconds. If implemented, this would reduce transaction fees to approximately $0.005 per transaction, further solidifying BSC's competitiveness among low-fee public chains. The previous two fee reductions (3 to 1 Gwei and 1 to 0.1 Gwei) have already reduced transaction fees by 75% and increased daily transaction volume by 140% to 12 million transactions. This proposal also sets out a core principle: while maintaining a staking yield above 0.5%, the lowest possible gas fee should be pursued. The long-term goal is to reduce transaction fees to $0.001 per transaction.
BNB Chain validator proposal: While maintaining a staking yield above 0.5%, we should strive for the lowest possible gas fee.
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