Journalist
Posted:
- With the new roadmap, transaction fees can be reduced to $0.001.
- Developers would have access to multiple nodes, while opBNB becomes ‘high performance’.
On November 29: the smart contract blockchain ecosystem BNB chain has released the roadmap for its Layer-two (L2) scaling solution. onBNB.
BNB Chain launched opBNB in June. In particular, the project uses optimistic rollups to reduce costs and deliver high throughput as part of its mission to drive blockchain innovation.
But at the time, it was unclear what the L2 would bring to the table. however, the roadmap The disclosure seems to have cleared the air about that.
The cost reduction starts now
According to the BNB Chain team, opBNB would help reduce costs for the chain from $0.005 to $0.001. It was also mentioned that this will start in the fourth quarter of 2023.
AMBCrypto checked the average transaction fees on the BNB Chain L1 and discovers that it was $0.115. As a result, the BNB Chain network fee recorded on November 29 was 1586.94 Binance Coin [BNB]according to BscScan.
Source: BscScan
Should opBNB fees eventually drop, many BNB Chain users could migrate to the L2. By the third quarter of 2024, the web3 project stated that the goal is to ensure full availability implementation of the opBNB as a performance chain.
Greenfield and EIP-4844 come to the rescue
To achieve this, the project said it was targeting 10,000 transactions per second (TPS) for opBNB users. The blockchain further noted that it would combine the capabilities of the EIP-4844 and the BNB Greenfield.
BNB Greenfield is a blockchain infrastructure on the BNB chain. The goal is to help with decentralized data storage and security for the BNB chain. EIP-4844, on the other hand, benefits from rollups like opBNB.
The Ethereum [ETH]-based standard does this by reducing costs using ‘blob-carrying transactions’.
AMBCrypto also received an exclusive press release from the development team. According to the team, the community would have no problem adapting to the opBNB innovation. The team agreed that:
“The opBNB community is the driving force behind its success. We recognize the enormous potential of our community members to contribute not only to the development of dApps on opBNB, but also to technological innovations in the core chain.”
Furthermore, the team mentioned that the opBNB would also benefit developers. Related to this, it was revealed that the L2 would bring about the introduction of multiple node types.
Realistic or not, here it is OP’s market capitalization in terms of BNB
Nodes work together to ensure the smooth functioning of a blockchain. Network stakeholders do this by confirming the legitimacy of transactions before adding them to a decentralized network’s protocol software.
Related to this, BNB Chain noted that opBNB would offer an archive node, a quick node and a full node. For now, participants can only wait and see whether BNB Chain will follow the timeline.