The analysis of bit cost and the performance of stacked type chain PRAM bas been newly described. Using the optimized number of layer the bit cost of stacked type chain PRAM with stacked horizontal plane structure or BiCS type structure can be reduced compared with that of 1 layer NAND flash memory. The smallest bit cost of BiCS type structure is as small as 0.08 of 1 layer NAND flash memory using the optimized number of layer of 64. The delay time of WL and BL of stacked type chain PRAM with BiCS type structure has been estimated. Using the optimized number layer of 64 for realizing smallest bit cost the delay time of WL and BL are less than 5ns which is competitive to DRAM. Because of estimated high speed characteristics and low bit cost, the chain PRAM wth BiCS type structure is the promising candidate for replacing DRAM and NAND flash memory.