BNB Chain Doubles Down on Layer 2 Expansion With Rollup-as-a-Service (RaaS)

  • March 31, 2024
BNB Chain Doubles Down on Layer 2 Expansion With Rollup-as-a-Service (RaaS)

BNB Chain has actually introduced a Rollup-as-a-Service (RaaS) option that intends to allow massive Dapps, business, and BNB Chain itself to build personalized Layer 2 options.

The most recent relocation lines up with BNB Chain’s 2023 roadmap, which includes broadening the environment with a safe multichain method, to name a few elements.

BNB’s Rollup-as-a-Service (RaaS) Solution

According to the main news release, RaaS targets Dapps and blockchain endeavors, supplying an affordable and structured opportunity for building and releasing rollup networks. Together with simplifying additional advancement efforts, this technique is likewise anticipated to promote the facility of distinct communities customized to particular user bases.

Different sectors such as video gaming, decentralized financing (DeFi), expert system (AI), decentralized pinning (DePin), and decentralized social (DeSoc), to name a few, can make use of BNB Chain’s RaaS by partnering with specific company.

The L2 options developed through RaaS on the BNB Chain will be incorporated with the BNB Smart Chain (BSC), acting as its fundamental Layer 1 and governance chain.

“As BNB Chain prepares for considerable growth, RaaS becomes a vital service supporting this trajectory. By making it possible for designers to release scalable applications with ease, RaaS leverages rollup innovation to boost deal throughput and scalability on Layer 2 networks while completing deals on the primary blockchain (BSC).”

BNB Chain’s efforts committed to Layer 2 networks go back to June 2023 when it presented opBNB, its Layer 2 scaling service, based upon the Optimism OP Stack, on a testnet.

This service works with the Ethereum Virtual Machine, enabling it to operate with Ethereum-based clever agreements and token requirements. 3 months later on, the scaling platform had actually been released onto a mainnet, ending up being openly available after going through screening.

Recently, BNB Chain offered an upgrade mentioning that opBNB had approximately 2.81 million active users daily, representing a 70% boost week-on-week. From 2nd March– 8th March, the mean gas cost for opBNB throughout this duration was $0.002, while BSC had approximately 1.42 million everyday active users.

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