HODL Alert: Why BNB, AVAX, and NEAR Are Must-Haves

Binance Coin (BNB) Growth and Development

Binance continues to enhance its ecosystem with ongoing infrastructure developments and the addition of new features. Through its blockchain-based offerings such as Binance Chain, Binance Smart Chain (BSC), Binance Academy, Trust Wallet, and its various research projects, Binance plays a key role in the adoption of blockchain technology worldwide.

As the native cryptocurrency of Binance, BNB plays a crucial role in facilitating Binance’s global expansion. One of the standout features contributing to its growth is the implementation of BEP-95, which introduces a deflationary model by consuming portions of gas fees. This is similar to Ethereum’s EIP-1559 upgrade and has two significant effects:

• It lowers transaction fees on Binance Smart Chain (BSC)
• It increases the scarcity of BNB supply, making it more valuable over time

Avalanche (AVAX): Structural Advantage in Blockchain

Avalanche has emerged as one of Ethereum’s top competitors, offering scalable blockchain operations with impressive transaction speed capabilities. Unlike Ethereum, Avalanche operates as a decentralized application (dApp) and custom blockchain network, enabling efficient transactions without sacrificing decentralization.

One of Avalanche’s most unique features is its multi-chain structure. It divides its operations into three separate chains:

• X-Chain: For token exchanges
• C-Chain: For executing smart contracts
• P-Chain: For validator management

This division allows the network to handle up to 6,500 transactions per second (TPS), making it one of the fastest blockchain networks available today.

NEAR Protocol (NEAR): Enhancing Decentralized Applications

NEAR Protocol is a layer-one blockchain designed to support decentralized applications (dApps) with scalability and user-friendliness. Its cloud computing architecture aims to overcome blockchain performance limitations and tackle interoperability challenges that many existing blockchain systems face.

One of the standout features of NEAR is its ability to allow users to create human-readable account names, which improves accessibility compared to cryptographically derived addresses. This feature is essential for attracting non-technical users to the blockchain ecosystem.

NEAR Protocol also utilizes the Doomslug consensus mechanism, which enhances transaction finality and helps the blockchain achieve high throughput. The NEAR ecosystem is home to various decentralized applications, including:

• Flux: A market creation protocol
• Mintbase: An NFT minting platform

The Best Cryptos to Hold: BNB, Avalanche, and NEAR Protocol

Binance Coin (BNB), Avalanche (AVAX), and NEAR Protocol (NEAR) are revolutionizing blockchain with their innovative solutions and real utility. These cryptocurrencies are providing tangible improvements to the blockchain ecosystem, with features such as:

• Deflationary tokenomics in BNB that reduce transaction fees and increase scarcity
• Avalanche’s multi-chain structure that supports high transaction throughput
• NEAR’s user-friendly features that enhance dApp development and accessibility

As blockchain technology continues to evolve, these projects are leading the charge in scalability, efficiency, and real-world applications. Whether you’re an investor or a developer, keeping an eye on these three projects could prove beneficial as they reshape the future of the blockchain space.