Launching of BNB Chains Layer 2 Network, opBNB, Takes Place

Launching of BNB Chains Layer 2 Network, opBNB, Takes Place


Introducing opBNB: BNB Chain’s Layer 2 Solution

Developers of BNB Chain have announced the launch of opBNB, a layer 2 solution based on Optimism OP Stack. After months of testing without encountering major bugs, opBNB is now live, offering a more scalable and cost-effective option for projects.

Understanding Layer 2 and OP Stack

A layer 2 refers to an off-chain network or technology built on top of a base blockchain. The OP Stack is the software that powers Optimism, an Ethereum layer 2 blockchain that allows developers to create their own networks.

Impressive Testing Results

During the testing phase, developers conducted over 35 million transactions and deployed around 150 applications on opBNB. The blockchain achieved a maximum transaction processing speed of 4,000 transactions per second (TPS), far surpassing Ethereum’s current rate of 17 TPS.

Scalability and Security as Top Priorities

The team behind opBNB prioritizes scalability and security. To ensure a robust mainnet launch, they set strict criteria including high availability, 4K TPS, rigorous stress testing, reduced gas costs, fast finality, and enhanced security through external audits.

Joining the Competitive Landscape

opBNB enters the market alongside more than 50 other blockchains. Projects can easily integrate with opBNB through BNB Chain’s developer tutorial and technical support. Additionally, BNB Chain plans to offer airdrop incentives and collaborate with fifteen ecosystem projects to attract initial users and funds.

Hot Take: opBNB Boosts Scalability and Cost Savings for BNB Chain Projects

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

BNB Chain’s launch of opBNB, an Ethereum Virtual Machine (EVM)-compatible layer 2 solution, expands the BNB Chain ecosystem by providing cheaper gas fees and increased scalability. With impressive testing results and a focus on security, opBNB aims to attract projects seeking faster transaction speeds and enhanced network performance. By joining the competitive landscape of blockchains, opBNB offers developers an accessible solution for building their own networks. With airdrop incentives and collaboration with ecosystem projects, opBNB aims to onboard initial users and funds to establish itself as a viable option in the blockchain industry.

Author – Contributor at Lolacoin.org | Website

Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora’s insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content.