CZ reacts to BNB Chain’s new L1 plan with no separate token

BNB Chain has outlined plans for a new high-performance Layer 1 blockchain that will operate alongside BNB Smart Chain, with Binance founder Changpeng Zhao responding to the proposal’s decision to retain BNB as its native token. Summary BNB Chain plans a separate Layer 1 operating alongside BSC without introducing another cryptocurrency. The proposed network targets 200-millisecond blocks and transaction pre-confirmation in approximately 20 milliseconds. An internal multi-validator devnet is running, with public testing planned before an early 2027 mainnet launch. BNB will continue serving as the network’s gas, staking, and governance asset through a native bridge. According to BNB Chain’s updated technical documentation, published on October 22, the proposed network is being developed as a separate EVM-compatible blockchain designed for applications requiring faster transaction processing and predictable execution. Binance founder Changpeng Zhao, widely known as CZ, responded to discussion surrounding the project with the phrase, “Multiple chains, one coins,” drawing attention to its plan to operate without issuing a separate token. The project, currently identified as New L1, has...