BNB Chain Launches Optimism-Compatible Testnet


The developers of the BNB Chain blockchain have launched the opBNB testnet, an EVM-compatible second-layer scaling solution based on the Optimism network. This was reported to Forklog by representatives of the protocol.

According to the statement, this will reduce the load on the main network and reduce fees by moving some of the transactions to the new L2 tier.

“Using fully optimized Optimistic rollups, opBNB provides increased scalability and availability while maintaining the same level of security as the L1 network,” the developers added.

The integration will allow opBNB to increase the gas limit to 100 million versus 30 million in Optimism. According to the BNB Chain team, the protocol processes about 4,000 transactions per second, and their value does not exceed $0.005.

In early June, Optimism launched the Bedrock update, which reduced the average network commission by 56%, from $0.57 to $0.16.

“The robust and EVM-compliant opBNB platform allows developers to easily create open ecosystems, simplifying application migration to BNB Chain and expanding the user base. Projects can take advantage of the improved bandwidth and significantly reduce transaction costs,” said Arno Bauer, lead protocol developer.

The mainnet launch of opBNB is scheduled for the third quarter of 2023.

Recall that the developers of BNB Chain successfully activated the Luban update, which increased the security and reliability of transactions.

In May, the Worldcoin startup team announced that they were migrating applications from the Polygon network to the Optimism ecosystem. OpenAI CEO Sam Altman’s project began collaborating with the developers of the L2 solution almost a year ago to develop an Ethereum improvement proposal, EIP-4844.

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!


Leave a Reply