80% of UNI holders voted to support the deployment of the Uniswap protocol’s v3 to BNB Chain, while the remaining voters voted against the move.
The “temperature test” plan to deploy the Uniswap v3 protocol on the BNB Chain has received widespread support from the Uniswap community and its governing body.
80% of voters hold Uniswap’s UNI United ($6.32) Government Token and have prepared to deploy the third version of the exchange system on the BNB Chain, a rival to the Ethereum network. In a proposal published on January 17, Ilia Maksimenka, president of the financial system of Plasma Finance, explained why the Uniswap v3 protocol was applied to the BNB Chain, writing:
“We think it’s the right time for Uniswap to switch to the BNB PoS chain, for several reasons (one of which is the license limit).”
After the discussion about the governing body, the Uniswap community conducted a “temperature check” survey to see if the community supported the idea. 80 percent of the vote was in favor of deploying the project, while the remaining 20 percent favored a referendum.
Blockchain software company ConsenSys supported the move. According to Cameron O’Donnell, DAO management strategist at ConsenSys, the company sees the brand protocol as “straightforward and does not see any chain” despite the Centralization issue. O’Donnell explained:
“Regardless of personal opinion, Uniswap’s entry into the BSC market will provide current and future users with a protected and regulated means of exchange.”
In addition, the ConsenSys CEO also said that the company believes that Uniswap needs to be “channel agnostic” to serve all users in the Web3 space. Following the approval of the government plan, the Plasma Finance team estimates that the implementation of the smart contract necessary for the BNB Chain may take about five to seven weeks.
On Dec. 22, BNB Chain exceeded the Ethereum network in several unique addresses. Data from BSC Scan shows that the blockchain has 233 million addresses compared to 217 million unique to Ethereum. However, when the chain claims to be “the largest Layer-1 blockchain,” the figure falls far short of the Bitcoin network’s 1 billion unique addresses.
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