The roadmap for opBNB paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain.
OpBNB’s transaction count crossed the 20 million mark last week.
BNB Chain developers are looking to more than double the transaction speed and slash network fees by 90% as part of a new technical roadmap for layer-2 network opBNB, a representative shared with CoinDesk over email.
The increase will take processing to 10,000 transactions per second (TPS) from around 4,000 and cut the cost to $0.0005 within six months, according to the plan. The first fee cut, to $0.001 from $0.005, is scheduled for Dec. 4.
The network is based on Optimism’s OP Stack. The targeted speed would place opBNB among the fastest layer-2 networks, with popular offshoot Arbitrum capable of a claimed 40,000 TPS.
A layer 2 network is an off-chain system built on top of a base, or layer-1, blockchain. The OP Stack is the set of software that powers Optimism, an Ethereum layer-2 blockchain, that developers can use to create their own networks.
The number of users on opBNB has climbed steadily since its September release. Transactions reached a record 5.4 million last week, taking lifetime transactions to over 20 million. It has recorded a peak of 645 minting transactions per second.
The developers say they expect opBNB’s gas limit per block to double to 200 million per second. The gas limit is the maximum price a user is willing to pay when sending a transaction. Higher limits can help speed up transactional processing during times of high demand.
The upgrades are scheduled over the next year and are expected to help opBNB support on-chain games and high-frequency decentralized finance (DeFi) applications.
Some really rattling work on behalf of the owner of this website , utterly great subject matter.
Thanks for the update, can you make it so I get an email sent to me whenever you write a fresh article?
Hey there just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.
Good day! Do you use Twitter? I’d like to follow you if that would be okay. I’m absolutely enjoying your blog and look forward to new updates.
I haven’t checked in here for a while since I thought it was getting boring, but the last few posts are great quality so I guess I’ll add you back to my everyday bloglist. You deserve it my friend 🙂
Someone essentially help to make seriously posts I would state. This is the first time I frequented your web page and thus far? I amazed with the research you made to create this particular publish incredible. Fantastic job!
Hi there, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any help is very much appreciated.