BNB Smart Chain recently introduced a groundbreaking scalability solution called opBNB that ensures an efficient and seamless user experience for the platform’s developers, projects, and users. The opBNB Testnet will go live on June 19, 2023.
opBNB is the solution to the scalability challenge posed by BSC, which hinders the adoption of crypto and blockchain technology. The opBNB solution will function as an EVM (Ethereum Virtual Machine) compatible layer 2 chain utilizing the Optimism OP Stack. It will be used to improve the scalability of BSC while maintaining its security and affordability.
The platform proposed Optimistic Rollups to reduce computational burden by executing off-chain transactions and submitting on-chain transactions as calldata. By grouping multiple transactions prior to sending them to the mainnet, the strategy will drastically increase scalability.
The integration of the strong abilities of BSC and dedicated brand-new features on opBNB will allow opBNB to raise gas limits to 100M. This is quite a huge leap from 30M on optimism.
The new opBNB features can handle more than 4000 transfer transactions per second while keeping average costs below $0.005. opBNB will move computation and storage off-chain, alleviate congestion, and drive down transaction fees.
opBNB uses a fraud-proving system to ensure every transaction’s validity. Any user can challenge a rollup transaction’s results by assessing whether it is fraud-proof. If it is successful, the transaction will be re-executed to maintain the integrity of the network.
Developers on BSC will gain access to powerful EVM-compatible exchanges with opBNB that will allow them to create open ecosystems. Using the Optimism Stack that supports Layer 2 expansion will simplify the EVM process for developers to move their projects to BSC to reach more users. These projects will get access to improved throughput, considerably lower transaction fees, an enhanced user experience, and increased scalability.
opBNB also offers numerous benefits for projects and developers, including enhanced scalability, as it will support more than 4,000 transactions per second, which is a significant increase compared to BSC’s current capacity. Additionally, opBNB is EVM-compatible, making it an accessible crypto platform for those familiar with dApps and Ethereum-based tools. This will facilitate the extension for migration of current Ethereum applications and provide a broader audience and resource reach. This advantage will allow opPNB developers to exploit both the BNB Smart Chain and Ethereum ecosystems.
The fraud-proving system on opBNB ensures that every off-chain transaction is valid and provides users and developers with an additional layer of confidence and trust. The verifiability and openness of opBNB transactions promote a safer and more sanitary application environment. In addition to being a standalone layer 2 scalability solution, opBNB is also an integral element of the thriving and expansive BSC ecosystem. The integration enables projects and developers to communicate with a variety of wealthy tokens, including USDT, BNB, and future ERC-20 tokens that will be launched on opBNB.
Moreover, the adaptable and robust opBNB framework will enable developers to accommodate new changes, add new features, and experiment with their innovative ideas. Due to its cost-effective and efficient blockchain environment, opBNB will encourage the development and growth of various applications, including social networks and gaming dApps.
