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Even in its tough times, the Ethereum network is bringing major innovations to the blockchain and cryptocurrency industry. In fact, it is mostly thanks to of his recurring congestion problems that levels 2 have been developed. This is to lighten it of some operations without having to switch to one of the many killer copies of Ethereum. This technology model is clearly inspiring other networks.
Indeed, after the appearance of the first growths of this type on Ethereum, such as Optimism or Arbitrum (ARB), this trend seems to have spread to other blockchains as well.. Just look at how the Avalanche Network (AVAX) deployed subnets in March of last year. Or even the success of the Polkadot Project (DOT), based on a constellation of "chain guards" whose current leader remains MoonBeam. The NBB chain has just taken up this “scalability challenge” with the help of the tools provided by Optimism.
opBNB – The level 2 version of the BNB chain
The development of levels 2 has become more than a solution to lighten a core network (known as level 1). Many use cases, such as the blockchain version of gambling, require large specific resources and minimal costs to validate large numbers of microtransactions. For this reason this development logic is presented as “a major scalability challenge” from the NBB chain network.
In fact, the BNB Chain – also known as the BNB Smart Chain, just to confuse things – just made the move to tier 2 with a network called “opBNB”, which is currently being tested. (tesnet). A “revolutionary Layer 2 scalability solution designed to overcome the limitations of Layer 1 (L1) networks”. All powered by a standardized open source development stack. OP stacks from the Optimism Project (OP).
"opBNB is NBB Chain's answer to the scalability challenge that has limited the mass adoption of blockchain technology. As an Ethereum Virtual Machine (EVM) compatible Layer 2 network, the opBNB solution builds on the Optimism OP Stack to further enhance its scalability while preserving security. e an accessible character. "
opBNB – Transaction fees have been reduced by 20
The opBNB network is designed to “reduce the computational load on the main chain (…) leveraging the power of optimistic Rollups”. As a result, some operations, such as calculation and storage, will be moved "off-chain" to this new level 2. An approach presented as "revolutionary" which should make it possible to build a high-productivity environment with lower gas costs.
Indeed, the main consequences announced as a result of the implementation of this layer 2 are a significant reduction in congestion and transaction costs. According to the figures presented by the BNB chain, its opBNB network could “support more than 4.000 transactions per second (TPS) at an average cost of less than $0,005”. That's 20 times less than the current $0,10 (per 2000 GST) of its Tier 1!
"Projects can benefit from improved throughput and significantly reduced transaction costs, delivering a better user experience to their clients. Additionally, those who have faced the burden of high transaction volumes on the NBB chain in the past can thrive on opBNB's increased scalability.. "
opBNB – An environment compatible with the EVM
Furthermore, this tier 2 opBNB offers its developers full access to a platform presented as compatible with EVM (Ethereum Virtual Machines). The clearly stated goal is to attract some emblematic protocols of this historic blockchain, eager to “move their applications to the BNB Chain”.
A new dynamic booming, strongly supported by a persistent bear market. Because perhaps it is better to draw a blue-chip protocol from Ethereum rather than develop copy/paste competitors that are too fragile to weather the first crypto winter. Food for thought…
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