BNB

BNB Chain Unveils opBNB on Testnet to Enhance Scalability and Security

opBNB will reportedly mitigate congestion, reduce transaction costs, and create a high throughput environment.

BSCN

June 19, 2023

opBNB Joins the BNB Chain Ecosystem

BNB Chain introduced opBNB on testnet, a Layer 2 (L2) solution built on the OP Stack. Designed with a block gas limit of 100M gas, opBNB looks to revolutionize gaming, decentralized exchanges, and the world of digital collectibles, promising a seamless and efficient experience for users.

With opBNB, BNB Chain envisions a future where the platform serves as a dedicated high-performance ledger for gaming applications while Binance Smart Chain (BSC) acts as a secure settlement layer.

"opBNB represents our commitment to ensuring a seamless and efficient experience for users, developers, and projects on BSC. This development is part of our ongoing mission to bring the power of blockchain to everyone while embracing and driving forward innovation," stated BNBChain in an official statement.

As an Ethereum Virtual Machine (EVM) compatible layer 2 chain, opBNB leverages the Optimism OP Stack to enhance BSC scalability without compromising affordability and security.

As per reports, one of the key breakthroughs of opBNB lies in its utilization of Optimistic Rollups, which offloads computation and state storage off-chain. This shift alleviates congestion, reduces transaction costs, and enables a high throughput environment. While transactions are executed outside the chain, their data is posted to the Mainnet as call data, ensuring a secure and valid record of activity.

Moreover, opBNB operates within the broader BSC ecosystem, offering seamless interaction with a wide range of projects and tokens. Supported tokens include BNB, USDT, and other future ERC20 tokens on opBNB, providing developers and projects with a wealth of opportunities for collaboration and growth. $BNB is currently trading at $242.76, down 1.53% in 24 hours, according to CoinMarketCap.

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What is BNB Chain:

BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain. BNB Chain is EVM compatible and facilitates a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

For more information on BNB Chain, these links: