BNB Chain, a layer-1 blockchain founded by Binance, has introduced opBNB, a new layer-2 chain aimed at tackling scalability issues. This layer-2 solution, based on the Optimism OP Stack, enhances security and scalability for the Binance network. Compatible with Ethereum Virtual Machine, opBNB supports Ethereum-based smart contracts and ERC-20 tokens. Addressing network congestion and high fees, opBNB boasts over 4,000 transactions per second at a cost below $0.005. Binance sees opBNB as a game-changer in overcoming scalability challenges, offering increased data accessibility and a higher gas limit. Despite skepticism from some, opBNB's integration with Optimism's technology simplifies development, allowing for seamless application building. With opBNB already gaining traction, the future of blockchain scalability looks promising. Join the revolution with opBNB and witness the evolution of blockchain technology. Read more AI-generated news on: https://app.chaingpt.org/news