Hi everyone, in this article we will talk about a little revolution of the BNB chain.
The news
Launched in 2017, BNB Chain, formerly known as Binance Smart Chain, is an EVM-compatible blockchain that originated from a fork of Ethereum. At its launch, it became the birthplace of a thriving DeFi ecosystem. Now, it is taking the same direction as Ethereum by focusing on layer 2 solutions with opBNB.
Source : twitter
Second layer solutions are scaling technologies often highlighted to address certain challenges of layer 1 blockchains on which they are built upon.
The impact
Developers expect the opBNB testnet to reach speeds of 4,000 transactions per second (tps) at a targeted cost of 0.005 U.S. cents per transaction. These are similar speeds seen on blockchains such as Arbitrum, double those of BNB Chain, and significantly higher than Ethereum’s 30 transaction per second.
The impact on the market is pretty big for OP that have gone up by nearly 24.2% in the past 7 days !
Conclusion :
The testnet has opened its doors on Tuesday, and various stakeholders in the ecosystem are invited to build on the network and share their feedback and experiences. Currently, the roadmap for the mainnet launch has not been disclosed.
In parallel with this announcement, the price of BNB has not seen significant changes and is trading slightly above $240 at the time of writing.
Thumbnail source : vecteezy.com
Thank you for reading !
