BNB Chain, the blockchain platform that powers the BNB token and the Binance Smart Chain, has revealed the technical roadmap for its layer-2 scaling solution, opBNB. The roadmap aims to improve the performance, speed, and cost of the network, which is based on Optimism’s OP Stack.
Let’s explore the opBNB Roadmap together!
Our roadmap is based on these core design principles:
🔸High Performance & Low Cost
So, how will opBNB achieve the above? 🧵[1/8]https://t.co/7iansBaRj8
— BNB Chain (@BNBCHAIN) November 29, 2023
OpBNB is a layer-2 network that runs on top of the BNB Chain, allowing users to execute transactions faster and cheaper than on the main chain. OpBNB was launched in September 2023 and has since processed over 20 million transactions, reaching a peak of 645 transactions per second.
OpBNB Aims to Boost the Speed, Performance, and Cost of the BNB Chain Network
According to the roadmap, opBNB developers plan to double the transaction speed to 10,000 transactions per second and reduce the network fees by 90% within the next six months. The first fee cut, from $0.005 to $0.001, is scheduled for Dec. 4. The developers also expect to increase the gas limit per block to 200 million, which will enable more transactions to be processed in each block.
The roadmap also outlines the future features and upgrades that opBNB will introduce, such as support for on-chain games and high-frequency decentralized finance (DeFi) applications, cross-chain interoperability, and enhanced security and privacy.
The opBNB team claims that their layer-2 solution will make BNB Chain more competitive and attractive for users and developers, as it will offer a fast, cheap, and scalable platform for various use cases. OpBNB is one of the many layer-2 solutions that are being developed for different blockchains, such as Ethereum, Bitcoin, and Solana, to address athe challenges of scalability, congestion, and high fees.
The opBNB roadmap has been met with enthusiasm and skepticism by the crypto community, as some have praised the ambitious goals and others have questioned the validity and feasibility of the claims. The opBNB team has invited other researchers and developers to test and verify their results, as their work has not been peer-reviewed yet.
If opBNB can deliver on its promises, it could be a game-changer for BNB Chain and the crypto industry, as it could enable a new level of innovation and adoption for blockchain technology.