BNB Chain, the blockchain platform responsible for the widely-used BNB token, has recently announced the public launch of its layer 2 network called opBNB. This significant milestone comes after a substantial period of testing and development.
opBNB stands out as a scalable and secure network that seamlessly integrates with the Ethereum Virtual Machine (EVM). It leverages the Optimism OP Stack, which is a robust software framework designed explicitly for building layer 2 solutions.
Layer 2 networks represent off-chain systems that operate on top of foundational blockchain platforms like Ethereum or BNB Chain. Their primary objective revolves around enhancing transaction performance, efficiency, and affordability through optimized processing techniques such as batch operations.
The OP Stack plays an instrumental role in empowering Optimism, a leading layer 2 network catering to Ethereum’s ecosystem. Developers at BNB Chain are delighted to report exciting outcomes from opBNB’s rigorous testing phase involving more than 35 million transactions across 150 applications.
RephraseThe network achieved remarkable peak performance by processing up to 4,000 transactions per second (TPS), significantly surpassing Ethereum’s current TPS rate of merely 17. Moreover, it successfully reduced gas costs to less than 0.2 gwei—a unit commonly employed within Ethereum’s transaction fee measurement system.
Importance Of opBNB For BNB Chain Ecosystem
opBNB represents not only a significant technical achievement but also a strategic move for BNB Chain. Its aim is to expand the ecosystem and compete with other blockchains effectively. By offering a layer 2 network compatible with the EVM, opBNB has the potential to attract developers and users already familiar with Ethereum and its tools.
Additionally, it can leverage the existing applications and protocols built on Optimism, such as Uniswap, Synthetix, and Chainlink. Furthermore, opBNB seeks to enhance user experience by providing faster, cheaper, and more secure transactions on BNB Chain.
Additionally, it’s essential for high throughput and low latency. For instance, decentralized exchanges (DEXs), gaming platforms, and non-fungible tokens (NFTs) require these qualities. To support its community of builders and developers, BNB Chain offers various incentives and resources for integrating with opBNB.
These include monetary grants, liquidity programs, marketing assistance, developer tutorials, and technical support. Moreover.With plans to launch airdrop campaigns involving 15 ecosystem projects in order to attract initial users as well as funds to the network.
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Based on current estimations.,opBNB is anticipated be publicly available by late August or early September. Until then.it will be accessible exclusively for infrastructure providers including wallets explorers.,and bridges.