BNB Chain Launches Layer-2 Chain Based on OP Stack
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BNB Chain Launches Layer-2 Chain Based on OP Stack

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11 months ago

BNB Chain has launched the opBNB testnet, an Ethereum Virtual Machine (EVM)-compatible blockchain based on Optimism's OP Stack.

BNB Chain Launches Layer-2 Chain Based on OP Stack

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The Release of the OpBNB Testnet Will Allow Developers to Test Applications and Complex Tools

BNB Chain has launched the opBNB testnet, an Ethereum Virtual Machine (EVM)-compatible blockchain based on Optimism's OP Stack. The opBNB testnet aims to achieve 4,000 transactions per second (TPS) at a cost of $0.005 per transaction, outperforming both BNB Chain and Ethereum.

Blockchain networks face challenges related to network congestion and high fees during peak demand, which can hamper user experience. A layer 2 blockchain could alleviate congestion and reduce transaction costs by batching multiple transactions into one and submitting them to the layer-one blockchain.

The release of the opBNB testnet will allow developers to test applications and complex tools before deploying them on a mainnet. Optimism is a layer 2 scaling solution that is built on top of the Ethereum blockchain. It uses a technology called optimistic rollups, which bundle large amounts of transaction data into batches before submitting to Ethereum mainnet. The opBNB testnet is expected to help BNB Chain to scale and improve its throughput and significantly lower transaction costs, resulting in a better user experience.

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