BNB Chain Launches Rollup-as-a-Service for Layer-2 Blockchain Network Expansion
Summary:
BNB Chain has introduced a rollup-as-a-service (RaaS) solution that enables the creation of layer-2 blockchains on its network. The service benefits a wide range of decentralized projects, including gaming and finance, and accommodates non-coders with easy deployment. The layer-2 networks will operate on BNB's layer-1 blockchain, BNB Smart Chain. The introduction of the new rollup service aligns with BNB Chain's goals for advancing Web3 technology adoption as outlined in its "BNB Chain 2024 Outlook".
In a recent move to advance the capabilities of its network, BNB Chain, underpinned by BNB token, has introduced a service that enables the construction of layer-2 blockchains. As of March 14, BNB Chain rolled out its rollup-as-a-service (RaaS) solution, aimed at facilitating developers in creating layer-2 architectures over BNB Chain. This service provides the necessary technological framework for projects to establish these networks on the blockchain, bolstering the reach and versatility of BNB Chain. It also extends support for decentralized applications (DApps) to foster the growth of multiple project types such as blockchain games or decentralized finance (DeFi), on the layer-2 networks. For those not proficient in coding, BNB Chain is offering rollup management assistance and a coding-free deployment alternative. They elaborated that these layer-2 networks made possible via RaaS would function on the BNB Smart Chain (BSC), which they refer to as their underlying layer-1 blockchain and governing chain. The BNB Chain Core Development Team considers this breakthrough service in line with their objective to further the widespread acceptance of Web3 technology. Expressing their perspective, they stated, “Through the integration of RaaS and the interconnectivity features of our ecosystem, we are providing developers with an all-inclusive toolkit for forming effective and scalable layer-2s on BSC.” BNB Chain has been actively engaged in layer-2 networks since 2023 when it introduced its layer-2 scaling tool, opBNB, on a testnet. OpBNB, which originates from the Optimism OP Stack, is compatible with the Ethereum Virtual Machine (EVM), indicating it can seamlessly work with Ethereum-centric smart contracts and token principles. BNB Chain deployed its scaling platform on a mainnet on Sept. 13, making opBNB functionally accessible following a testing period. It revealed that the platform processed over 35 million transactions, with 150 DApps utilized on its testnet run. They also stated that the opBNB platform achieved a peak of 4,000 transactions per second (TPS) under a stress test. The introduction of the new rollup service aligns with BNB Chain's annual objectives, as outlined in its “BNB Chain 2024 Outlook” published on Jan. 31. The Outlook features the “One BNB” connectivity principle, seeking to bridge the BSC and its decentralized storage service BNB Greenfield.
Published At
3/14/2024 1:00:00 PM
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