Key Points:

• BNB Chain’s opBNB mainnet Snow Hardfork on April 15 will optimize Layer 1 gas prices for Layer 2 transactions.
• After the upgrade, opBNB Mainnet’s Layer 1 gas price is set to decrease to 1 Gwei, adjusting automatically with BSC’s gas prices.
• opBNB, utilizing OP Stack’s tech, aims to enhance scalability speed and reduce fees in the BNB Chain ecosystem

BNB Chain has revealed plans for its opBNB mainnet Snow Hardfork upgrade, set to commence at 6 UTC on April 15.

Read more: opBNB Review: The First Layer 2 Of BNB Chain

BNB Chain Announces opBNB Mainnet Snow Hardfork Upgrade

opBNB mainnet Snow Hardfork mandates all op-nodes of mainnet nodes to upgrade before the Snow Hardfork, promising optimized Layer 1 gas prices for Layer 2 transactions post-upgrade.

Following the opBNB mainnet Snow Hardfork, the Layer 1 gas price on the opBNB Mainnet is projected to plummet to 1 Gwei, automatically adjusting in response to fluctuations in gas prices on the Binance Smart Chain (BSC). The aim behind this strategic move is to bolster transaction efficiency on the platform, ultimately enhancing user experience.

opBNB: Scaling Solutions for BNB Chain’s Ecosystem Growth

opBNB, a Layer 2 scaling solution on the BNB Chain, harnesses OP Stack‘s bedrock technology to elevate node performance and achieve EVM compatibility. The overarching objective is to amplify scalability, expedite transaction speeds, and curtail transaction fees within the BNB Chain ecosystem, thereby enticing a broader user base.

Key optimizations integrated into opBNB encompass enhanced data caching, the elimination of redundant transaction execution, and asynchronous batch processing of transactions. These innovations particularly benefit applications with demanding throughput and latency requirements, such as gaming.

Functioning as an EVM-compatible rollup tightly knit with BNB Chain, opBNB grants developers the freedom to construct dApps utilizing familiar tools. Moreover, it facilitates access to BNB Chain native assets, like BNB, for DeFi protocols deployed on opBNB.

BNB Chain

OP Stack

opBNB

OpBNB Mainnet

Snow Hardfork

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

opBNB Mainnet Snow Hardfork Will Launch On April 15

Key Points:

• BNB Chain’s opBNB mainnet Snow Hardfork on April 15 will optimize Layer 1 gas prices for Layer 2 transactions.
• After the upgrade, opBNB Mainnet’s Layer 1 gas price is set to decrease to 1 Gwei, adjusting automatically with BSC’s gas prices.
• opBNB, utilizing OP Stack’s tech, aims to enhance scalability speed and reduce fees in the BNB Chain ecosystem

BNB Chain has revealed plans for its opBNB mainnet Snow Hardfork upgrade, set to commence at 6 UTC on April 15.

Read more: opBNB Review: The First Layer 2 Of BNB Chain

BNB Chain Announces opBNB Mainnet Snow Hardfork Upgrade

opBNB mainnet Snow Hardfork mandates all op-nodes of mainnet nodes to upgrade before the Snow Hardfork, promising optimized Layer 1 gas prices for Layer 2 transactions post-upgrade.

Following the opBNB mainnet Snow Hardfork, the Layer 1 gas price on the opBNB Mainnet is projected to plummet to 1 Gwei, automatically adjusting in response to fluctuations in gas prices on the Binance Smart Chain (BSC). The aim behind this strategic move is to bolster transaction efficiency on the platform, ultimately enhancing user experience.

opBNB: Scaling Solutions for BNB Chain’s Ecosystem Growth

opBNB, a Layer 2 scaling solution on the BNB Chain, harnesses OP Stack‘s bedrock technology to elevate node performance and achieve EVM compatibility. The overarching objective is to amplify scalability, expedite transaction speeds, and curtail transaction fees within the BNB Chain ecosystem, thereby enticing a broader user base.

Key optimizations integrated into opBNB encompass enhanced data caching, the elimination of redundant transaction execution, and asynchronous batch processing of transactions. These innovations particularly benefit applications with demanding throughput and latency requirements, such as gaming.

Functioning as an EVM-compatible rollup tightly knit with BNB Chain, opBNB grants developers the freedom to construct dApps utilizing familiar tools. Moreover, it facilitates access to BNB Chain native assets, like BNB, for DeFi protocols deployed on opBNB.

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.

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