The BNB Chain developers plan to use the L2 protocol to address the scalability issues of the mainnet and enable wider adoption of blockchain technology.
The BNB Chain team announced the launch of opBNB, a Layer 2 network powered by Optimism OP Stack and compatible with Ethereum Virtual Machine (EVM). The new solution launched on June 19 in test mode on the BNB Smart Chain (BSC) network.
The project’s primary goal is to provide additional scalability, accessibility, and security to the Binance mainnet. Currently, BNB Chain processes approximately 2,000 transactions per second at a fee of $0.10 per transaction. opBNB’s claimed performance is over 4,000 transactions per second, with an average transaction cost below $0.005.
Moreover, the new L2 protocol will help to optimize data availability and information caching level and provide the ability to process concurrent transactions. opBNB also implements a fraud checking scheme to additionally guarantee the system’s reliability.
The RPC service layer is provided for developers, i.e., the possibility of remote procedure calls, which simplifies the technology integration process. The EVM compatibility enables opBNB to interoperate with smart contracts, networks, and Ethereum ERC-20 tokens. All of this will allow developers to “focus on building applications without worrying about the complexities of Layer 2 scaling.”
BNB Chain representatives are actively engaged in building up the developer community. For example, the national hackathon, which took place in Georgia in late March, was organized together with Georgia’s Innovation and Technology Agency (GITA).
