OpBNB is a layer 2 solution for Binance Smart Chain, aiming to improve scalability and reduce transaction costs.
Description
Here's how it works:
- Three Layers: OpBNB has an RPC service layer for user interaction, an operator interface for processing transactions off-chain, and an execution layer for transaction execution.
- Modular Design: It's designed to be flexible, allowing different solutions for data availability and settlement layers. For example, Greenfield or Arweave can replace the data availability layer.
- Security and Decentralization: Transactions are secured by the Binance Smart Chain through on-chain posting, ensuring decentralization and permissionless access.
- Addressing Scalability and Cost: OpBNB aims to solve issues like high gas fees and network overload on Layer 1 chains, which is crucial for large applications like games and social networks.
- High Throughput and Low Fees: It offers faster transactions and lower fees than Binance Smart Chain, using OP Stack for its foundation.
- Benefits of OP Stack: This framework enhances performance and flexibility, allows for various execution client options, and provides an open ecosystem for collaboration.
- Focus on Community Contribution: OpBNB contributes to the open-source community, sharing its advancements for the overall benefit of the ecosystem.
In summary, OpBNB is built to handle high-volume transactions efficiently and cost-effectively, aiming to support large-scale Web3 applications by providing a scalable and decentralized solution on top of Binance Smart Chain.
Team of the Project
Team
This is a project from the BNB chain Team
Funding
Undisclosed
Undisclosed
Total Funds Raised
Undisclosed but backed by Binance, a Tier-1 investor and the largest global cryptocurrency exchange.