BNB Smart Chain launches its opBNB layer 2 testnet

2023-6-20 19:25

Binance has announced the release of the opBNB testnet on the BNB Smart Chain (BSC).

The layer 2 product is touted as the answer to the scalability aspect of the blockchain trilemma – the other two aspects being security and decentralization.

Ethereum co-founder Vitalik Buterin coined the term blockchain trilemma to describe a situation where developers are forced to forego one of the aspects in favor of the other two – as achieving all three aspects is impossible in the current state of technological development.

BSC is a fully compatible Ethereum Virtual Machine chain.

opBNB uses Optimistic Rollups

opBNB utilizes the Optimism OP Stack to achieve improved scalability, including Optimistic Rollups to process transactions off-chain – bundling them together to submit to the main chain.

The technology improves scalability and reduces the computational load on the main chain, making it easier to access data, improving the cache system, and enabling simultaneous operations.

According to BNB Chain, opBNB’s gas limit has been increased to 100M, allowing over 4,000 transactions per second and an average transaction cost below 0.005 USD.

Optimism OP Stack is an open-source collection of independent components, such as architectural layers or runtime environments, that work together to execute an app.

opBNB adopts a fraud-proving system to ensure transaction validity and network integrity. This mechanism allows anyone to challenge the results of a batched rollup transaction by computing a fraud-proof.

If proven fraudulent, the transaction(s) will be re-executed, maintaining the network’s integrity and instilling trust while fostering greater transparency.

BNB Chain calls on devs to experiment

BNB Chain said the opBNB testnet marks a new chapter in BSC’s journey to “creating a scalable, accessible, and cost-effective blockchain ecosystem.”

By inviting developers and projects to experiment with opBNB, BNB Chain hopes to foster the growth of diverse applications, including gaming apps and social networks, to pave the way for a more efficient and cost-effective blockchain environment.

The testnet launched on June 19, with developer resources now available.

The post BNB Smart Chain launches its opBNB layer 2 testnet appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 9.67E-5 (+3.20%)
Объем 24H $55
Изменеия 24h: 4.16 %, 7d: 11.51 %
Cегодня L: $9.67E-5 - H: $9.67E-5
Капитализация $136.673k Rank 2190
Цена в час новости $ 0.0032958 (-97.07%)

testnet bnb opbnb layer chain smart scalability

Источник: cryptoslate.com

testnet bnb → Результатов: 26


Binance Giving Away 10,000 BNB (Over $223k) on the Launch of Two Futures Testnet Platforms

Binance has announced the launch of two Binance Futures Testnet platforms and conducting a competition to allow its customers to choose one. In this “Battle for Binance Futures,” the world’s leading cryptocurrency exchange is giving away a total of 10,000 BNB to users that participate in each of Futures Test Platform. Binance’s native token BNB […]

2019-9-3 01:26


Фото:

Binance запустила публичное тестирование 2 фьючерсных платформ

Крупнейшая криптобиржа по объему торгов запустила две платформы Binance Futures Testnet, пригласив пользователей принять участие в конкурсе на фьючерсы, с призом 10'000 Binance Coin (BNB).

2019-9-3 16:47


Фото:

Binance запустил публичное тестирование 2 фьючерсных платформ

Крупнейшая криптобиржа по объему торгов запустила две платформы Binance Futures Testnet, пригласив пользователей принять участие в конкурсе на фьючерсы, с призом 10'000 Binance Coin (BNB).

2019-9-2 16:47


Binance to Give Away $100,000 in BNB to Test its Decentralized Crypto Exchange

Binance, the world’s largest crypto trading company by volume and geographical presence, is giving a rare offer to its users: get paid for testing its newly released decentralized exchange. The Malta-based startup announced Friday that it is going to distribute $100,000 worth of rewards in its “testnet trading competition.

2019-3-1 19:23


Binance DEX снижает комиссии на выпуск и листинг активов

Биржа Binance в этот вторник объявила о том, что предложение о снижении комиссий для функций «выпуска» и «листинга» активов на её тестовой децентрализованной торговой платформе было поддержано всеми валидаторами сети и принято.

2019-2-26 11:35


Стартовало публичное тестирование платформы Binance DEX, BNB растет

Крупнейшая по суточному объему торгов криптовалютная биржа Binance запустила публичное тестирование децентрализованной торговой платформы на базе собственного блокчейна. #Binance Chain and the Binance DEX have now entered public Testnet phase at https://t.

2019-2-20 11:39


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

 BloFin Whales’ View: After Halving

A loose liquidity environment and new narrative outbreaks are the main determinants of the bull market after the Bitcoin halving. The high-interest rate environment may last longer than expected but will not end the bull run.

Worldcoin open-sources revamped biometric data system

Worldcoin Foundation has introduced a new system using Secure Multi-Party Computation (SMPC) for biometric template protection, developed with cryptography engineers from TACEO. The advancement has allowed the foundation to securely delete the previous iris code system.

Tether CEO Paolo Ardoino teases potential Pear Phone powered by P2P apps

Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP).

Aave proposes upgrade to v4 in strategic 2030 roadmap

Aave Labs has released its strategic roadmap for 2030 that introduces several key initiatives, including the launch of Aave V4, a new visual identity, and expanded DeFi functionalities. The “Temp Check” proposal aims to gather the Aave community’s feedback on the proposed enhancements to advance the Aave protocol.