In an ambitious bid to address the longstanding scalability challenges in the blockchain sector, BNB Smart Chain (BSC) has unveiled its trailblazing Layer-2 solution - opBNB. With its testnet launch slated for 19th June 2023, opBNB exemplifies BSC's relentless commitment to unlock the blockchain's enormous power for all. šŖ
As an Ethereum Virtual Machine (EVM) compatible Layer-2 chain, opBNB leverages the formidable Optimism OP Stack. This cutting-edge solution is geared to bolster BSC's scalability while preserving its hallmark affordability and security. š”ļø
opBNB employs the technique of Optimistic Rollups - a savvy approach that offloads transactions off-chain, yet retains critical transaction data on-chain. By bundling multiple transactions before their main chain submission, system capacity experiences a notable boost. š
Fuelled by BSC's robust capabilities and opBNB's unique features, such as optimized data accessibility and an improved cache system, opBNB audaciously raises the gas limit to a staggering 100M. Consequently, opBNB is primed to process over 4000 transactions per second while keeping the average transaction cost below $0.005. šø
The EVM compatibility of opBNB paves a seamless pathway for Ethereum-savvy developers to transition their existing applications to BSC. This strategy not only broadens the user base of these applications but also enables them to tap into the synergies of both Ethereum and BNB Smart Chain ecosystems. š
Stay tuned as we journey through this exciting chapter of blockchain evolution! šš
