Technical Glitch Resolved: BNB Chain and MetaMask Fix opBNB Gas Fee Overestimation Issue
Summary:
A technical issue causing the MetaMask wallet to overestimate opBNB gas fees has been successfully rectified, according to BNB Chain. This addresses the concern of users inadvertently paying more due to miscalculations. The issue emerged due to a domain-agnostic default minimum gas price set by MetaMask across all networks, which was unsuitable for opBNB. Prompt action by both BNB Chain and MetaMask's teams resulted in an algorithm update, enabling accurate fee displays. Users can now verify and compare network fees via MetaMask and opBNB, with opBNB often proving cheaper.
BNB Chain has announced on social media that a system flaw causing MetaMask to inaccurately display opBNB gas fees has been rectified. Many users typically pay the default fee suggested in their digital wallets, hence inaccurate estimations may result in users remitting more than needed. This tweet from the BNB Chain confirms that now, users can actually avail fast, secure, and economical transactions on opBNB — a result of the collaboration between BNB Chain and MetaMask to rectify the technical hiccup.
Launched on September 13, opBNB serves as an optimistic rollup layer-2 of Ethereum and is a product of the developers behind BNB Chain. It was recently identified that MetaMask had been suggesting domain-agnostic default minimum gas prices, drawing from an average across all networks. Although such a strategy could justify other L2 networks, it wasn't appropriate for opBNB. BNB Chain highlighted that opBNB's fees can essentially be lesser than other L1 and L2 networks, hence this projection was misleading.
BNB Chain was prompt in getting in touch with the team at MetaMask once this issue was identified. The MetaMask crew promptly rectified the fault in their algorithm, making the gas fee display representative of the actual network fees. Users can now verify the fees of each network by initiating transactions on opBNB through MetaMask, which invariably show that opBNB often charges less in comparison to its rivals.
opBNB was built utilizing the OP Stack, a modular structure enabling creation of interoperable blockchain networks. The OP Stack is a project of the OP Labs team, who has the vision of developing a 'Superchain' — a collective of several interconnected blockchain networks. The Superchain, however, is challenged by Polygon’s 'Supernets,' which are aimed towards a similar goal.
Published At
9/25/2023 9:01:33 PM
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