BNB Smart Chain (BSC) unveils its audacious move – opBNB, the revolutionary Layer-2 solution to conquer the towering challenges of scalability in the blockchain universe.Â
This breakthrough, slated for a testnet launch on 19th June 2023, is a beacon of our tireless commitment to democratizing blockchain’s profound power.
opBNB, a game-changing response to the oft-encountered scalability bottleneck, inherits its essence from the formidable Optimism OP Stack.
This Ethereum Virtual Machine (EVM) compatible Layer-2 chain stands to fortify BSC’s scalability while honoring its trademark affordability and security ethos.
opBNB redefines scalability by employing Optimistic Rollups, an ingenious technique that shifts transactions off-chain while preserving crucial transaction data on-chain.
This elegant approach bundles several transactions before they are submitted to the main chain, significantly enhancing the system’s capacity.
Imbued with a blend of BSC’s strength and opBNB’s distinctive new features, including optimized data accessibility and an improved cache system, opBNB boldly increases the gas limit to an impressive 100M.
With this, opBNB is poised to handle over 4000 transactions per second at an average cost of less than $0.005 per transaction.
opBNB’s EVM compatibility, an enticing proposition for Ethereum-savvy developers, paves the way for seamless migration of existing Ethereum applications to BSC.
This serves to broaden the reach of these applications while leveraging the best of both Ethereum and BNB Smart Chain ecosystems.
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