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B2BinPay improves features with TRX staking and extended Blockchain support
B2BinPay, a leading blockchain platform, has significantly updated its offerings with the release of its latest version, v20. This update includes the introduction of TRX staking and expanded support for multiple blockchains, offering customers greater flexibility and efficiency. These improvements are intended to improve the overall user experience on the platform.
One of the highlights of B2BinPay v20 is the implementation of TRX Staking, using the TRON community’s advanced Stake 2.0 mechanism. This new mechanism improves on its predecessor by offering greater flexibility, simplified user interactions, and greater efficiency in delegation and resource usage.
TRX staking allows B2BinPay customers to stake any amount of TRX and earn a passive annual return of 3-5%, depending on network conditions. Additionally, TRX staking helps users reduce transaction fees on the TRON network by converting staked TRX into bandwidth and energy, which are essential resources for the network. Energy powers smart contract operations, while bandwidth is needed for transaction processing capacity. By stationing TRX and acquiring these assets, both businesses and individuals can optimize transaction efficiency and reduce operational costs, gaining a competitive advantage.
Expanded Blockchain Support
Building on the previous integration of Polygon and Avalanche, B2BinPay v20 further extends its blockchain support by adding Optimism, Arbitrum, and Base. These additions provide native support for stablecoins, improving the utility and reach of the platform.
Optimism, a Layer 2 solution, improves the scalability of the Ethereum mainnet by consolidating transactions. It retrieves transaction data from the Ethereum blockchain, processes it collectively, and then sends it back to the Ethereum mainnet for validation. This process significantly reduces fees, lowering them to a fraction of Ethereum’s base level. Since its inception in 2021, Optimism has saved users more than $1 billion in gas payments, establishing itself as one of the most convenient blockchains available.
Arbitrum is another Ethereum scaling solution that facilitates higher transaction volumes at lower costs. Its integration into B2BinPay supports stablecoins, offering more options to users. Arbitrum’s use of Ethereum tools allows developers to quickly and securely deploy decentralized applications (DApps) on its platform.
Base, developed by Coinbase, uses Optimism’s OP Stack for better compatibility with Ethereum Virtual Machine (EVM). This open source rollup supports stablecoins and simplifies code deployment on Ethereum and compatible blockchains, further expanding B2BinPay’s capabilities.
Customer Benefits of Extended Blockchain Support
Expanding blockchain support offers significant benefits to B2BinPay customers. The platform now supports:
USDT on seven networks: Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism and Arbitrum.
USDC on eight networks: Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, Arbitrum and Base.
USDC bridged across four networks: Avalanche, polygon, optimism and arbitrum.
These enhancements give customers the ability to match the appropriate technology to their business needs and increase transaction options.
For example, B2BinPay allows users to streamline withdrawals by converting assets into the necessary currency and addressing any associated transaction costs, ensuring smooth and efficient transactions. The platform also allows customers to combine USDT on various blockchains into a single swap wallet, reducing transaction fees. Additionally, B2BinPay’s extensive blockchain support ensures liquidity for trading platforms, enabling quick conversion of assets into the currency required for deposits, helping users respond quickly to market needs.
Future developments
Looking to the future, B2BinPay plans to introduce support for Algorand and Solana in the next release. This expansion will increase the total number of blockchains that support stablecoin transactions to ten, including currently supported networks: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base. This continued development demonstrates B2BinPay’s commitment to providing comprehensive and efficient blockchain solutions to its customers.
Conclusion
The latest version of B2BinPay significantly improves the platform’s capabilities, offering new features such as TRX staking and expanded blockchain support. These improvements are designed to provide greater flexibility, efficiency and user satisfaction. As B2BinPay continues to innovate and expand, it remains a leading force in the blockchain industry, committed to meeting the evolving needs of its customers.