Binance BNB Chain Unveils Enhanced Technical Roadmap For 2022

Binance BNB Chain Unveils Enhanced Technical Roadmap For 2022

Binance BNB Chain Unveils Enhanced Technical Roadmap For 2022

The top cryptocurrency exchange Binance’s BNB Chain unveils a new enhanced technical roadmap for the year 2022 regarding its developments in cross-chain interoperability, decentralization, faster transactions, and more.

Binance announced the merger of its Binance Smart Chain (BSC) and BNB Beacon Chain in February to establish the Build N’ Build (BNB) Chain, labeled as more decentralized in response to accusations of centralization over BSC.

The technical roadmap which includes significant changes that will be put on the mainnet by the end of 2022 was revealed at the BNB Chain Revelation Summit 2022.

According to the report, from Q1 to Q3 2022 BSC’s block gas capacity will be expanded, until it hits a cap of 200 million gas. This increase in the gas cap will benefit both end-users and BSC validators.

The end users will benefit from increased chain capacity, reduced congestion, and faster transaction confirmation times.

The BEP-131 proposal would raise the number of BSC Mainnet validators from 21 to 41, offering additional decentralization and rewards for validators to “constantly innovate their hardware and infrastructure.”

BNB Beacon Chain will open-source the Binance decentralized exchange (DEX) in Q2 2022, allowing developers to build on top of it and provide more transparency.

The BEP-126 proposal will enable BLS-based multi-signature for the P2P channel, as well as certify the blocks to quickly finish the blockchain’s state.

The final confirmation time of transactions will be reduced to as little as two blocks, providing end-users with a faster cross-chain user experience.

The BNB Application Sidechain (BAS) framework will be ready to go live allowing developers to construct new dApps easily on this new high-performance infrastructure.

This integration includes a native bridge between BAS and the BSC Mainnet, which enables for seamless bridging of BEP-20 and BEP-121 tokens.

End-users who use BAS-powered dApps should expect cheaper or even zero fees and no congestion.

For dApps with high network demand, such as GameFi or SocialFi, BAS dedicated chains are a perfect choice. The BNB Core team, NodeReal, and Ankr collaborated on this upgrade.

Three dApps from META Apes, Project Galaxy, and Metaverse World will be the first to be deployed on the BAS, together with integrations from Ankr, Celer, Mathwallet, Multichain, NodeReal, and Pyth Network.

The ZkRollups on BAS will be deployed via BNB Chain in order to complete the transition to the zkBAS system. 

The update created in partnership between the BNB Core team & Zecrey could improve the balance between security and performance while also increasing transaction throughput.

Computing power and data storage constraints will be addressed by BAS and zkBAS-specific solutions for constructing an app-dedicated infrastructure. 

BNB Chain will debut a new blockchain storage system which will address validators’ long-term storage difficulties, which are putting a burden on their operational costs and hardware.

Access to cheaper decentralized storage for non-ledger data will be a component of this blockchain storage system. More tech advancements to this roadmap will be added as the crypto ecosystem evolves.

This is not Binance’s first attempt for an enhanced decentralized structure and higher scalability. In March, Binance revealed an updated Binance Bridge 2.0 to connect CeFi with DeFi. The bridge allows crypto holders to transfer any digital assets from the Ethereum blockchain to BNB Chain including non-listed tokens on Binance

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