As part of the BNB Chain Revelation Summit event, an updated roadmap for Binance’s core blockchain development for 2022 was presented.
Binance management unveiled updated plans for the BNB Chain network until late 2022.
The developers’ main plans are:
- sequential gas capacity (transaction fees) increase in a single block from 125 to 200 million;
- BEP-131 implementation — increasing the number of decentralized validators from 21 to 41;
- BEP-127 implementation — the possibility of emergency maintenance of the validators nodes without reducing the main network capacity;
- BEP-126 implementation — BLS-based multi-signature technology for peer-to-peer (P2P) channel;
- infrastructure creation to deploy sidechains with a bandwidth of up to 10,000 tps, etc.
The developers are focused on speeding up transactions, reducing users’ commission costs, and increasing the network’s stability, security, and decentralization. Special attention is paid to the validators, the plans include the development of network management capabilities using the BNB token.
The conditions for the decentralized application developers (DApps) are being created — the network performance is expected to increase due to the sidechain introduction. Plans also involve the development of the Most Valuable Builder incubation program for aspiring Web 3.0 software developers.
The announced plans will allow Binance to become one of the industry leaders. However, the convenience of Binance services has already made the network a popular place for scam projects — in January 2022, cybersecurity analysts at PeckShield identified more than 50 fraudulent projects based on the BNB Chain.
