The BNB Chain blockchain ecosystem is taking advantage of Optimism’s rollup technology with the launch of its opBNB layer-2 scaling platform on the public mainnet. This platform, which is Ethereum Virtual Machine (EVM)-compatible, is designed to provide decentralized applications (DApps) with faster transactions and lower gas fees within the BNB Chain ecosystem.
During the testnet phase, the opBNB platform handled over 35 million on-chain transactions and witnessed the deployment of more than 150 DApps. It also achieved a peak of 4,000 transactions per second during a stress test, showcasing its scalability and potential for handling high transaction volumes.
Scalability and security were identified as primary concerns during the development of opBNB. Arno Bauer, the senior solution architect at BNB Chain, emphasized that the platform had to meet stringent criteria, including high availability, 4K transactions per second, reduced gas costs under 0.2 gwei, fast finality under 1 second, and enhanced security through multiple external audits.
OpBNB is built on the Optimism OP Stack, which is EVM-compatible and allows for seamless interaction with Ethereum-based smart contracts, networks, and ERC-20 token standards. The platform leverages optimistic rollups to scale transactions by assuming that off-chain transaction data is valid until proven otherwise. Although the technology has been instrumental in scaling the Ethereum network, critics have pointed out that funds can be locked up for a week during the validation process.
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Despite this criticism, Optimism has experienced significant growth in daily transaction volumes and an increasing number of active daily addresses. This suggests that the layer-2 solution continues to offer value to users and DApps within the blockchain ecosystem.
In addition to BNB Chain, several major decentralized finance (DeFi) protocols have deployed on Optimism to take advantage of its scaling capabilities. Notable platforms such as Uniswap, Aave, 1inch Network, SushiSwap, and Curve Finance have all incorporated Optimism into their operations.
To gain further insights into the development of opBNB and other scaling solutions considered by the BNB Chain ecosystem, Cointelegraph has reached out to BNB Chain for additional details.
In conclusion, with the launch of opBNB, BNB Chain aims to enhance the scalability and efficiency of its blockchain ecosystem. By utilizing Optimism’s rollup technology, the platform can offer faster transactions and lower gas fees to DApps operating within the BNB Chain ecosystem. This development reinforces the growing importance of layer-2 solutions in addressing the scalability challenges faced by blockchain networks. As the adoption of layer-2 technology continues to expand, it is expected to unlock new possibilities for decentralized applications and pave the way for broader mainstream adoption of blockchain technology.
