BNB Chain Teased Roadmap for 2022

The leading network prioritizes speed and decentralization for users and validators, increasing overall efficiency and productivity. 

More Speed and Decentralization 

BNB Chain released its “Technological Roadmap” for the remainder of 2022. The industry-leading blockchain platform, through the Roadmap, revealed its plans to focus on offering more speed and decentralization to users without congestion. 

The fast and secure blockchain network announced the roadmap during the Revelation Summit, a 5-hour virtual conference for blockchain technology and Web3 enthusiasts, held on May 31. Following the announcement, BNB Chain published the roadmap via its blog. The roadmap encompasses significant updates that would be deployed on the mainnet throughout 2022, including several innovations to improve decentralization, promote faster transactions at a low cost, and more. 

To offer users more decentralization, BNB Chain will introduce BEP-131, bringing “Candidate Validators” on the mainnet. The blog explained the innovation, stating how it would offer more decentralization: 

“This proposal would increase the number of BSC Mainnet validators from 21 to 41, providing more decentralization and incentives for validators to constantly innovate their hardware and infrastructure,” BNB Chain disclosed. 

Source

When the development team increases the number of validators, users will benefit from further stability and security on the network. This is possible because BNB Chain will have more candidates to choose from when any active validator encounters any instability problem.  Further, a validator will also have an equal chance of earning rewards when the BEP-131 mechanism is implemented.  

BEP-131 will benefit BNB Chain, validators, and end-users, offering more decentralization and robustness on the network. 

BNB Chain Tech Roadmap 

The BNB Chain Roadmap focuses on a 7-point plan to improve its service in the Decentralized Finance (DeFi) space: 

Faster transactions, low cost, and extra capacity. 

Further Decentralization. 

More transparency and multi-chain integration. 

Increased transaction speed. 

Sidechains for flexibility, speed, low transactions, and native tokens. 

Next-generation sidechains; towards 10,000 Transaction Per Speed (TPS). 

Lighter applications, ideal for non-DeFi Decentralized Applications (dApps). 

Overview of the Technology Roadmap | Source

According to the blog, BNB Chain will increase its block gas capacity to offer faster transactions for users and increase the network’s capacity to provide a seamless dApp experience. BNB Chain collaborated with NodeReal to increase the gas cap, positively impacting end-users and BNB Chain validators. 

“From Q1 to Q3 2022, BSC will have its block gas capacity increased until it reaches a 200 million gas cap. The block gas capacity refers to the maximum amount of gas (tx fees) included in a single block. This gas cap increase will positively impact both end-users and the BSC validators,” the blog read. 

The roadmap shows that the leading network is always looking for ways to improve its performance in the blockchain space. After recently crossing the 3 Billion mark in total transactions, BNB Chain wants to attract more investors and provide more features to increase its adoption further. Read the BNB Chain blog for complete information about the plans to improve the network’s stability and overall efficiency. 

What is BNB Chain: 

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

For more information on BNB Chain, these links:

Website | Twitter | Discord | Telegram | GitHub |

Source : bsc.news

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