BNB Smart Chain Calls on Users to Explore opBNB's Potential under its Testnet
BNB Chain, the blockchain platform founded by Binance, has recently introduced its new layer-2 chain called opBNB. With the launch of a testnet for its layer 2 network, BNB Smart Chain is now leveraging Optimism's Rollup technology to facilitate faster and more cost-effective transactions.
The primary objective of BNB Chain in inviting developers and projects to experiment with opBNB is to stimulate the growth of diverse applications. This initiative encompasses various sectors, including gaming apps and social networks, as the platform strives to create a more efficient and economically viable blockchain environment.
While the testnet currently focuses more on developers, there are still opportunities for regular users to engage with the network. By actively participating in the network from the early stages, users can increase their chances of being qualified for an airdrop if the team decides to organize one. A step-by-step guide on how to obtain testnet tokens our oultined in this Tweet.
Binance team are optimistic that the opBNB blockchain will enable speeds of up to 4,000 transactions per second, with a targeted cost of only 0.005 U.S. cents per transaction. This scalability improvement is made possible by offloading transaction processing and resource usage from the BNB Smart Chain, while still ensuring that data is securely recorded on the underlying mainnet.
opBNB relies on Optimism's OP Stack to achieve enhanced scalability. By utilizing Optimistic Rollups, opBNB processes transactions off-chain, grouping them together before submitting them to the main chain. This approach allows opBNB to operate as an Ethereum Virtual Machine (EVM) compatible layer-2 chain, enabling seamless integration with Ethereum-based smart contracts, networks, and ERC-20 token standards.
The Optimism OP Stack, an open-source collection of independent components, collaborates to execute applications seamlessly. Within opBNB, a fraud-proving system has been implemented 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.
The project is the product of the renowned cryptocurrency giant Binance. The team behind the opBNB project comprises industry experts and visionaries in the world of blockchain and cryptocurrency.
