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Ex-Binance CEO ‘CZ’ Launches Crucial BNB Poll, Here’s Outcome
In a recent move, Changpeng Zhao, the former CEO of Binance, has launched a crucial poll regarding BNB (Binance Coin). This development comes as no surprise given CZ’s history of staying involved in the crypto community and his efforts to shape the direction of blockchain technology.
The poll aims to gauge the sentiment of the community towards various proposals related to MEV (Max Extractable Value) extraction on the BNB Smart Chain. For those unfamiliar, MEV is a fundamental element of all blockchains, including the BNB chain and Ethereum. While it presents issues such as arbitrage and sandwich attacks, it also plays an important function in incentivizing participation and safeguarding the network.
However, the integration of MEV providers into current systems can present technical hurdles. Furthermore, concerns regarding transparency and competitiveness implications of MEV extraction have sparked worries about the long-term viability and public perception of these activities.
As CZ’s poll seeks to address these issues, it is essential for participants to be informed about the potential repercussions on BNB’s price.
Source: https://u.today/ex-binance-ceo-cz-launches-crucial-bnb-poll-heres-outcome
