Glossary - ChicksX

BEP-95 is a Binance Smart Chain upgrade for burning BNB, reducing supply, and enhancing decentralization through real-time transaction fees.

BEP-95 is a Binance Smart Chain (BSC) proposal aimed at increasing BNB scarcity and decentralization. It introduces a mechanism to burn a portion of transaction fees in real-time, effectively reducing the overall supply of BNB. This enhances the value proposition for BNB holders by making the token more scarce over time. The burning process is decentralized, as validators determine the burn ratio through governance. By aligning incentives and promoting active community participation, BEP-95 aims to strengthen the BSC ecosystem, ensuring long-term sustainability and encouraging more developers and projects to build on the platform.