2023-06-20
BNB Chain announced the launch of its
layer 2 scaling solution called opBNB on July 19, 2023.
-opBNB can process 4,000 transactions per second.
-Transaction fee is $0.005
per transaction.
-It is a scaling solution (layer 2) runs on BNB Chain.
-The opBNB Testnet will
be launching on June 19, 2023.
-The layer 2 is designed to support EVM. Developers can build dApp
on opBNB similar to layer 2 in Arbitrum and Optimism.
-It built base on Optimism OP Stack by using Optimisitic Rollup
technology from Optimism.
About BNB Chain
-BNB claims to process 2,000 transactions per second.
-BNB is EVM compatible and MetaMask supports BNB.
-Previously BNB Chain have cut the transaction fee from 5
Gwei to 3 Gwei which can reduce gas fee by 40%.
-BNB Chain has a policy of maintaining low gas fees because they want
BNB Chain more appealing to users.
-opBNB uses BNB for paying transaction fees on the network.
Conclusion
Layer 2 scaling solution will help BNB Chain maintain its status in
the top 10 most valuable cryptocurrency.
