Making the Chain More Accessible
The BNB Chain development team recently unveiled a tech roadmap for Opbnb, a layer two (L2) solution within its ecosystem. The main objective is to make the blockchain more accessible by focusing on efficiency for users and developers. The roadmap sets ambitious goals such as achieving 10,000 transactions per second (TPS) for transfers and reducing the price on Opbnb by ten times.
Record High Transactions
The release of the roadmap came shortly after Opbnb recorded its highest ever transaction count of 5.47 million. The network successfully handled the full capacity of 100M gas per second in a single block, resulting in a processing rate of 645 minting transactions per second.
Community Contributions
The BNB Chain core development team praised the Opbnb community for their crucial role in the success of the L2 solution. They recognized the community’s potential to contribute to decentralized app development and core chain technology innovations. Developers who contribute to Opbnb will have access to the Most Valuable Builder Program (MVB) and can apply for grants and mentorship opportunities.
Future Plans
Opbnb plans to reduce transaction fees from $0.005 to $0.001 in the last quarter of 2023 and increase capacity from 100M to 150M in the first quarter of 2024. The long-term goal, to be achieved between the second and third quarters of 2024, is to lower the gas limit per block increase from 100M to 200M and reach a transaction per second milestone of 10,000.
Hot Take: BNB Chain Aims for Faster and Cheaper Transactions
In its six-month roadmap, the BNB Chain development team outlined their plans to enhance the Opbnb layer two solution. The goal is to achieve faster and more affordable transactions, with a target of 10,000 transactions per second and a price reduction of ten times on Opbnb. The team praised the Opbnb community for their contributions and emphasized the potential for community members to drive decentralized app development. With the roadmap, Opbnb aims to make blockchain more accessible and efficient, providing opportunities for developers and users alike.
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