Crypto Quill

BNB Chain, a community-driven blockchain ecosystem, has revealed its strategy for 2024, which includes the release of opBNB Connect and the pursuit of specific DApps for mass adoption. The platform aims to provide a fast, cost-effective, scalable, developer-friendly, and secure multi-chain solution for decentralized finance (DeFi), gaming, artificial intelligence (AI), and other Web3 applications.

The “One BNB” paradigm: a unified approach for decentralized computing and storage

At the core of BNB Chain’s 2024 strategy is the “One BNB” interconnectivity paradigm, which integrates BNB Smart Chain (BSC), opBNB, and Greenfield into a cohesive ecosystem. BSC is a high-performance EVM-compatible L1 blockchain, opBNB is a layer 2 platform that leverages optimistic rollups for scalability, and Greenfield is a decentralized storage chain that facilitates data processing and availability.

The One BNB paradigm enables seamless interaction between decentralized computing and storage solutions, catering to both computational and storage needs of large-scale DApps. BNB Chain believes that this integration is crucial for the transition from a basic Web3 model to a robust, fully on-chain Web3 framework.

Building L2 scalability with opBNB Connect

In 2024, BNB Chain plans to enhance the performance and capacity of its L1 and L2 blockchains. BSC will maintain its gas limit at 140M, with an emphasis on optimizing state and storage. opBNB will increase its gas limit from 100M/second to 200M/second, aiming for a throughput of 10,000 TPS. This will make opBNB one of the highest-capacity L2 solutions in the market.

In addition, opBNB will introduce opBNB Connect, a new feature that will allow developers to create and deploy their own application-specific L2 chains. opBNB Connect will leverage the new EIP4844 and the data availability layer on Greenfield to reduce gas fees by 5-10 times. opBNB Connect will also enable cross-chain communication and interoperability among different L2 chains.

Targeting specific DApps for mass adoption

BNB Chain is committed to building a high-performance infrastructure that supports a variety of applications through initiatives such as the 2024 Hackathon. The platform will focus on driving mass adoption in areas such as DeFi, gaming, AI, DePIN, DeSoc, and more.

DeFi: BNB Chain will continue to support the development and innovation of DeFi protocols and products, such as lending, borrowing, swapping, staking, yield farming, and more. BNB Chain will also introduce new governance and staking mechanisms, as well as MEV PBS (Miner Extractable Value Proof-of-Burn-and-Stake) to enhance the security and fairness of the network.

Gaming: BNB Chain will facilitate the creation and growth of fully on-chain gaming DApps, which can leverage the high performance, low cost, and scalability of BSC and opBNB. BNB Chain will also provide tools and resources for game developers, such as SDKs, APIs, NFT standards, and marketplaces.

AI: BNB Chain will enable the integration of AI and blockchain, which can benefit from the decentralized, transparent, and verifiable nature of the platform. BNB Chain will also improve the development experience and middleware infrastructure of Greenfield, which is designed for “hot, valuable data” and can be accessed directly by opBNB/BSC smart contracts.

DePIN: BNB Chain will support the development of decentralized personal identity networks (DePINs), which can empower users to own and control their digital identities and data. BNB Chain will also provide solutions for identity verification, authentication, authorization, and privacy protection.

DeSoc: BNB Chain will foster the development of decentralized social networks (DeSoc), which can offer users more freedom, choice, and value than traditional platforms. BNB Chain will also provide features such as content creation, distribution, monetization, and governance.

Enhancing security with AvengerDAO

BNB Chain is dedicated to ensuring the security and reliability of its ecosystem, which is why it has partnered with AvengerDAO, a decentralized organization that provides security services and solutions for blockchain projects. AvengerDAO has helped BNB Chain reduce the total losses from hacking or scams by 85% in 2023 compared to 2022.

In 2024, BNB Chain and AvengerDAO will continue to work together to proactively detect and alert potential hacks and scams at their earliest stages. They will also provide education and awareness programs for users and developers, as well as incentives and rewards for security researchers and auditors.

BNB Chain’s goal has not changed

BNB Chain’s goal has not changed since its inception: to bring blockchain technology to the masses and create a more open, inclusive, and sustainable Web3 economy. With its ambitious and innovative 2024 strategy, BNB Chain is confident that it can achieve this vision and become a leading platform for the future of the internet.