Key Points:
This Ethereum Virtual Machine (EVM)-compatible Layer 2 chain, based on the Optimism OP Stack, has garnered widespread attention for its commitment to delivering cheaper gas fees and expanding access to blockchain capabilities.
The opBNB journey commenced on June 19, 2023, with the introduction of its Testnet. In the months that followed, the community and developers collaborated tirelessly to test the network’s capabilities, achieving remarkable milestones, including processing over 35 million on-chain transactions, connecting with 435,972 unique wallet addresses, and deploying 150+ decentralized applications (dApps) on the Testnet.
opBNB’s unique architecture, built upon the OP Stack, offers inherent modularity. This modular approach enables the independent operation of components within the network, dynamically synchronizing them to enhance overall system performance. Notably, it separates the data availability (DA) layer from the execution layer, providing flexibility in choosing different DA options and switching between schemes as needed.
Utilizing Optimistic Rollup technology, opBNB efficiently organizes and batches transactions on its execution layer, streamlining validation on the main network. According to Ethereum founder Vitalik Buterin, rollups can package up to ten thousand transactions, simplifying validation through pre-state and post-state execution roots. A sequencer ensures that blocks are arranged in the correct order for processing.
With over 150 projects committed to integrating with or building on opBNB, this Mainnet launch heralds a new era of blockchain innovation, emphasizing accessibility and affordability. Users can now join the opBNB Mainnet, taking the first steps towards a more inclusive and efficient blockchain experience.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
This website uses cookies.