BNB Chain: Updates, Collaborations, and Upcoming Projects

Updates and Developments

The BNB Chain ecosystem has been bustling with activity in the first part of 2023, with several significant developments and technological advancements taking place. In this article, we'll take a closer look at some of the updates that have occurred on the platform.

Greenfield Testnet

The Greenfield testnet is an open-source project that aims to provide a scalable and efficient data availability layer for decentralized applications (dApps). This testnet is now live, giving developers a chance to test their dApps on the platform and contribute to its development. The Greenfield testnet offers developers powerful tools for creating innovative solutions and exploring the full capabilities of the BNB Chain. The testnet is a significant milestone for the platform, and we invite more developers to explore its capabilities and join the thriving BNB Chain community.

Reduced Transaction Costs

BSC validators have reduced transaction costs from 5 Gwei to 3 Gwei following extensive discussions. This reduction in fees will help drive network adoption, making BNB Chain an even more attractive platform for developers and users. The lower transaction costs will undoubtedly benefit the platform, making it more accessible and affordable for developers to create innovative solutions.

MEV Research on BSC

BSC recently hosted a Tech Community Call focused on Miner Extractable Value (MEV) research. The discussions showcased the active interest in addressing MEV-related issues on BSC, and more researchers and developers are invited to join the ongoing MEV research efforts on BNB Chain. This research is crucial to improving the platform's security and ensuring its continued growth and success.

Planck Upgrade

The Planck hard fork upgrade includes two crucial BEPs, BEP-171 and BEP-172, aimed at improving security and network stability. Additionally, the platform is working on an Integration API for EIP-4337 bundlers with L2 validators/sequencers, which will extend the "sendRawTransaction" RPC request with additional parameters and checks to ensure that no network changes could cause the transaction to revert. These upgrades are essential to maintaining a secure and stable platform for developers and users.

Cocos-BCX & NodeReal Optimism Solution

The collaboration between Cocos-BCX and NodeReal has resulted in an Optimism solution for the BNB Chain. This collaboration offers developers powerful tools for creating Web3 games and applications. This solution will help attract new developers to the platform and expand the range of applications that can be created on the BNB Chain.

Upcoming Technical Improvements

Two significant upcoming projects are the OpBNB testnet, planned for mid-May, and the ZkBNB mainnet, scheduled for June 1st. These projects will further enhance the capabilities of the BNB Chain ecosystem, offering developers even more opportunities to innovate. Additionally, the BEP-206 proposal aims to optimize BSC storage through the hybrid state mode, which will enhance efficiency and scalability for the platform.

In conclusion, the BNB Chain developer community continues to push the boundaries of innovation with recent updates, collaborations, and upcoming projects. BNB Chain offers an array of opportunities for developers to build groundbreaking solutions, and we encourage more developers to join the BNB Chain ecosystem, contribute to its growth, and shape the future of blockchain technology.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

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