6 months ago
25 ARTICLE AD
BNB Chain has introduced a new rollup-as-a-service (RaaS) solution to facilitate the development and deployment of layer-2 networks in its ecosystem. The solution aims to support the growth of Web3 technology and expand use cases for decentralized finance, decentralized physical infrastructure, decentralized social networks, as well as for various implementations in artificial intelligence (DeFi,DePin, DeSoc, AI).
According to BNB Chain, the solution will provide projects with the necessary technical infrastructure to build and deploy layer-2 networks on the BNB Smart Chain (BSC), the foundational layer-1 blockchain and governance chain of the BNB Chain ecosystem.
This service is expected to attract a wide range of projects, including those in the blockchain gaming and decentralized finance (DeFi) sectors.
Aside from expanding its technical infrastructure, BNB Chain will offer rollup management support and a “no-code” deployment option to cater to projects with varying levels of coding expertise. As a comprehensive toolkit, the new rollup-as-a-service framework is designed to help developers create efficient and scalable layer-2 solutions on BSC, leveraging the interconnectivity capabilities of the BNB Chain ecosystem.
The introduction of the RaaS solution arrives as BNB Chain continues to prioritize the development of layer-2 networks. In June 2023, the company launched opBNB, a layer-2 scaling solution based on the Optimism OP Stack. The launch was in a testnet phase at the time, which saw over 35 million transactions and 150 DApps deployed. The platform demonstrated its scalability potential during stress tests, achieving a reported 4,000 transactions per second (TPS). opBNB was later deployed on the mainnet after three months.
OpBNB, which is compatible with the Ethereum Virtual Machine (EVM), allows for the use of Ethereum-based smart contracts and token standards.
“Our ethos is rooted in collaboration and Web3 mass adoption. By combining the power of RaaS and the interconnectivity capabilities of our ecosystem, developers will have a comprehensive toolkit to build efficient and scalable Layer 2s on BSC,” the BNB Chain core development team stated.
The introduction of the RaaS solution by BNB Chain demonstrates the growing importance of layer-2 scaling solutions in the blockchain ecosystem. As the demand for faster, more efficient, and cost-effective transactions increases, layer-2 solutions like rollups have become crucial in addressing scalability issues faced by layer-1 blockchains.
The rollup-as-a-service framework operates as a key component of BNB Chain’s “BNB Chain 2024 Outlook,” which outlines the company’s goals for the coming year. Central to this outlook is the “One BNB” interconnectivity concept, which aims to seamlessly link BSC with BNB Greenfield, the company’s decentralized storage service.
By providing a comprehensive toolkit for developers to build layer-2 networks, BNB Chain is positioning itself as a more attractive platform for projects seeking to leverage the benefits of layer-2 scaling. The compatibility with the Ethereum Virtual Machine also allows for a more open framework for interoperability and adoption with and for existing Ethereum-based projects.
The success of opBNB during its testnet phase, handling a significant number of transactions and DApps, suggests that there is a strong demand for layer-2 solutions within the BNB Chain ecosystem. BNB Chain’s reported TPS during stress tests also indicates the potential for improved scalability and performance.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
