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News

Binance Maximizes Shorter Deposit Time For Ethereum, Arbitrum And Optimism

July 20, 2023 - Around 2 mins mins to read

Key Points:

  • Binance has recently received positive feedback on improving deposit services through several networks.
  • Based on user feedback, they have reduced the minimum block number and time for deposits to arrive on the Ethereum, Arbitrum, and Optimism networks.
  • The prominent layer 2 is all looking for ways to thoroughly overcome the network congestion situation with billions of users.
Binance tweeted that based on user feedback, they have reduced the minimum block number and time for deposits to arrive on the Ethereum, Arbitrum, and Optimism networks.
Binance Maximizes Shorter Deposit Time For Ethereum, Arbitrum And Optimism

Among them, Ethereum has decreased from 12 blocks to 6 blocks, and the time has been shortened from about 25 minutes to about 13 minutes; Arbitrum and Optimism have been reduced from 100 blocks to 1 block, and the time has been shortened from about 7 minutes to about 1 minute.

Improving service quality immediately following customer feedback makes Binance users extremely satisfied with their listening.

Scalability issues have met their suitability with the evolution of Layer 2 solutions. However, it is essential to note that more than Layer 2 alone is needed to completely solve the problem, as seen during the congested Arbitrum airdrop.

But favorite L2 projects are still up to the challenge and proposing groundbreaking solutions. Optimism, Polygon, Arbitrum, and zkSync are all working tirelessly to serve billions of users.

Arbitrum, zkSync, and Polygon suggest comparable L3 scalability solutions, but Optimism takes a different approach with its Superchain solution. Optimism offers a different and innovative approach to scalability by arranging all blockchains on the same line.

In response to customer requests on July 17, Binance unveiled a new feature that allows users to obtain multiple deposit addresses for a single network. A new deposit address book function has been implemented to manage multiple deposit addresses easily.

The initial release focuses on tokens in the Ethereum network, including ERC20 tokens and Ethereum alternative networks such as Arbitrum One and BNB Smart Chain. Users can receive up to 20 deposit addresses per network.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

News

Binance Maximizes Shorter Deposit Time For Ethereum, Arbitrum And Optimism

Key Points:

  • Binance has recently received positive feedback on improving deposit services through several networks.
  • Based on user feedback, they have reduced the minimum block number and time for deposits to arrive on the Ethereum, Arbitrum, and Optimism networks.
  • The prominent layer 2 is all looking for ways to thoroughly overcome the network congestion situation with billions of users.
Binance tweeted that based on user feedback, they have reduced the minimum block number and time for deposits to arrive on the Ethereum, Arbitrum, and Optimism networks.
Binance Maximizes Shorter Deposit Time For Ethereum, Arbitrum And Optimism

Among them, Ethereum has decreased from 12 blocks to 6 blocks, and the time has been shortened from about 25 minutes to about 13 minutes; Arbitrum and Optimism have been reduced from 100 blocks to 1 block, and the time has been shortened from about 7 minutes to about 1 minute.

Improving service quality immediately following customer feedback makes Binance users extremely satisfied with their listening.

Scalability issues have met their suitability with the evolution of Layer 2 solutions. However, it is essential to note that more than Layer 2 alone is needed to completely solve the problem, as seen during the congested Arbitrum airdrop.

But favorite L2 projects are still up to the challenge and proposing groundbreaking solutions. Optimism, Polygon, Arbitrum, and zkSync are all working tirelessly to serve billions of users.

Arbitrum, zkSync, and Polygon suggest comparable L3 scalability solutions, but Optimism takes a different approach with its Superchain solution. Optimism offers a different and innovative approach to scalability by arranging all blockchains on the same line.

In response to customer requests on July 17, Binance unveiled a new feature that allows users to obtain multiple deposit addresses for a single network. A new deposit address book function has been implemented to manage multiple deposit addresses easily.

The initial release focuses on tokens in the Ethereum network, including ERC20 tokens and Ethereum alternative networks such as Arbitrum One and BNB Smart Chain. Users can receive up to 20 deposit addresses per network.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.