Binance’s BNB Chain (BNB) is launching a testnet for an Ethereum (ETH)-compatible layer-2 solution called opBNB.
According to a new BNB Chain announcement, opBNB’s testnet, which is based on the Optimism OP Stack, is launching today and aims to address scalability issues.
“opBNB is BSC’s (Binance Smart Chain) answer to the scalability challenge that has limited the mass adoption of blockchain technology. As an Ethereum Virtual Machine (EVM) compatible layer 2 chain, opBNB solution is based on Optimism OP Stack to further enhance BSC scalability while preserving affordability and security.”
BNB Chain explained further in a lengthy Twitter thread,
“opBNB leverages the power of the BNB Smart Chain infrastructure, providing developers with a robust toolset to achieve high throughput, low fees, and seamless scalability.
This Layer 2 solution unlocks limitless possibilities for decentralized applications.”
According to BNB Chain, the new layer-2 solution can process over 4,000 transactions per second at a cost of less than $0.005.
opBNB is also EVM-compatible so developers can easily migrate their Ethereum applications to BSC. This means that developers can take advantage of the scalability, affordability, and security benefits of opBNB without having to rewrite their applications from scratch.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Bruce Rolff
The post BNB Chain Rolls Out Testnet for New Ethereum Compatible Layer-2 Solution appeared first on The Daily Hodl.
