If the price of BNB starts mooning all the transaction fees are going to moon as well.
This does worry me. I left ETH because of their stupid transaction costs. And was happy with BSC for a bit but already seeing 30-40 cent costs on a token that is $300 means by the time it gets to eth price then it would be $1.80 to $2.40 a transaction. (Assuming it's not on a curve and competition to get into a block makes it go up much more than proportionally)
Those prices will simlarly price out a lot of functionality of many types of smaller transactions and then we are in the same boat again and probably jumping ship to cubdefi Ada version or something while their fees are low... until they're not.
So stupid... but I hope I'm wrong and transactions stay well below $1 for many many years.
BSC is proof of stake and someone told me only 21 nodes run the entire thing. These 21 nodes can reduce the gas fees should the price of BNB spike. The default right now is 10 GWEI so if BNB doubled in price theoretically gas prices would be the same with a reduction to 5 GWEI.
That's nice. Just like Hive can decide to increase or decrease the needed RC for different transactions. This is promising if those validators choose to take less but sometimes greed is strong. haha