BNB Chain Launches opBNB Layer 2 Scaling Platform, Leveraging Optimism's Rollup Technology for Enhanced Performance and Lower Fees
Summary:
BNB Chain launches opBNB layer 2 scaling platform, powered by Optimism's rollup technology, offering lower gas fees and faster transactions for decentralized applications. The platform achieved 4,000 transactions per second during stress testing and processed over 35 million on-chain transactions. Optimism's optimistic rollups have helped scale the Ethereum network. Major DeFi protocols have also deployed on Optimism.
BNB Chain, the blockchain ecosystem, is utilizing Optimism's rollup technology to power its new opBNB layer 2 scaling platform. The platform offers lower gas fees and faster transactions for decentralized applications running within the ecosystem. During stress testing, opBNB achieved a peak of 4,000 transactions per second and processed over 35 million on-chain transactions on its testnet. BNB Chain emphasized scalability and security as key priorities, including reduced gas costs, fast finality, and multiple external audits. opBNB is EVM compatible, allowing interaction with Ethereum-based smart contracts and ERC-20 token standards. Optimism's optimistic rollups have been instrumental in scaling the Ethereum network, although critics highlight the funds lockup period during validation checks. Optimism has experienced significant growth in daily transaction volumes and active daily addresses, demonstrating its value to users and DApps. Major DeFi protocols like Uniswap, Aave, SushiSwap, and more have deployed on Optimism to leverage its scaling capabilities. Further details about opBNB's development and other scaling solutions considered by BNB Chain are being sought.
Published At
9/13/2023 1:16:55 PM
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