What is opBNB
opBNB is an optimistic rollup network built to scale the BNB Smart Chain (BSC). It is a Layer 2 solution that processes transactions off-chain and posts transaction data back onto the L1 as calldata, enabling higher transaction speed and lowered gas fees for users on the L2.
opBNB uses the Optimism OP Stack, an open source codebase, with modifications to meet the needs of BSC. It adopts the Optimistic rollup architecture, abstracting the execution layer into its own layer, while the remaining blockchain functions are handled by the L1, in this case, the BNB Smart Chain.
opBNB is still under development, but it has the potential to significantly improve the scalability and usability of the BSC ecosystem. It is currently in the testnet phase, with a mainnet launch expected in the near future.
Here are some of the key benefits of opBNB:
Higher transaction speed: opBNB can process transactions much faster than the BNB Smart Chain, thanks to its off-chain processing capabilities.
Lower gas fees: opBNB gas fees are significantly lower than BSC gas fees, making it more affordable to use dApps and smart contracts on the L2.
Improved security: opBNB inherits the security of the BNB Smart Chain, while also adding additional security features, such as fraud proofs.
opBNB is a promising L2 solution for the BNB Smart Chain ecosystem. It has the potential to improve the scalability, usability, and security of the network.
