BNB Chain Announces the Testnet Launch of zkBNB

Meet zkBNB on BNB Chain

Leading blockchain BNB Chain announced the launch of zkBNB. Built to solve problems associated with blockchain scaling, zkBNB launched on the testnet on Sept. 2 to allow developers to interact with the code, which has been made open source ahead of the official release scheduled for November.

According to the blog post, zkBNB is designed to ensure scalability on BNB Chain. By leveraging the network security offered by the chain, zkBNB is able to roll up sidechain transactions into a single transaction. This single transaction then generates a cryptographic proof, commonly referred to as a Succinct Non-interactive ARgument of Knowledge (SNARK).

Built to handle a lot of transactions within a short period of time, zkBNB is able to handle transactions from 100 million addresses and process 5,000 to 10,000 transactions per second, according to BNB Chain.

Tool for Web3 Developers

zkBNB exists the serve the varying needs of developers within the Web3 ecosystem. Builders of NFT dApps, for example, can deploy zkBNB’s built-in NFT marketplace and API services. According to BNB Chain, this will “allow teams to construct an ‘out-of-the-box’ marketplace for crypto collectibles and NFTs.”

Also, blockchain gaming and social media projects can be enhanced with zkBNB. The scaling solution will limit long delays relating to on-chain resolutions. With support for a no-hassle tokens operation, developers can easily transfer BNB and BEP20, BEP721, and BEP1155 tokens between BNB Chain and zkBNB.

Lastly, with improved REST APIs, zkBNB can be deployed by blockchain game developers and other content projects to launch faster and more seamlessly.