- The update stated that opBNB, BSC and Greenfield would be connected.
- Development activity in the chain fell, but BNB Chain plans to bring in more developers.
Smart contract blockchain ecosystem BNB Chain has released details of its 2024 roadmap, AMBCrypto confirmed.
According to the January 31 blog post, it wants to create a ‘One BNB’ paradigm. BNB Chain explained that the paradigm would focus on creating a multi-chain framework.
Details from the post showed that the framework would connect the Binance Smart Chain (BSC), the L2, the opBNB, and the Greenfield layer. Greenfield is the decentralized storage sector of the BNB Chain. On the other hand, opBNB is designed to support large-scale decentralized applications (dApps).
“One BNB” for everyone?
The project also noted that interconnection would aid data storage and processing. It was also stated that the development would increase scalability and improve decentralization.
Additionally, BNB Chain noted that it plans to increase the number of transactions on opBNB to 10,000 transactions per second (TPS). However, the statement also noted that the upgrade would be carried out in two phases.
Phase one would focus on security. However, Phase 2 would focus on code integrity systems. AMBCrypto analyzed the possible outcome of this proposal. From our analysis, we found that the multi-chain paradigm could increase the number of active users on the BNB chain.
This is evident from data from Santiment, BNBs development activity has been down for a while. This stance implied that developers within the ecosystem have not released any new features.
Source: Santiment
Greenfield 2.0 is coming
But now that the plans are in place, the state of the metric may change. Another on-chain metric we assessed was social dominance. At the time of writing, social dominance had fallen to 0.965%. This suggests that discussions around BNB have decreased compared to a few days ago.
Despite the drop, BNB Chain’s core development team said it is open to working with developers. The statement read,
“In 2024, we’re calling on all developers to build on BNB Chain and contribute to a second straight year of incredible Web3 growth. As our ecosystem continues to expand, we make it our mission to build a unified and super-powerful multi-chain paradigm and enable an ecosystem that is super-fast, cost-effective, scalable and easy to use.”
Should the chain see an increase in the number of developers, it could reach mass adoption by 2024. Additionally, BNB Chain noted that it plans to more than double its active validators from 40 to 100.
According to the project, this would help implement the Beacon Chain merger. It also noted that the update would bring about the introduction of BNB Greenfield 2.0
How much are 1,10,100 BNBs worth today?
If Greenfield 2.0 is launched, blockchain performance could increase by a factor of five.
The upgrade would also bring new features to build a more application-specific data infrastructure for AI, on-chain gaming, DePIN and DeSoc, the said project said.