BNB Chain is moving forward daily, and we hope you guys do not miss any news in the last 7 days. Here is your BNB Chain Weekly recap.
BNB Chain On-Chain Data Highlights
BNB Chain Accelerator Announces 27 Web3 Startups as Winners
BNB Chain Welcome Pyth Feeds Lives on Mainnet
Dapp Rankings Feature Live on DappBay
Zero-Knowledge Rollups (zkRollups): A New Dawn on BNB Chain
The DeFi League Welcomes New Additions
Ecosystem Updates
Despite the market turmoil, the developer community always strives to enrich the BNB Chain landscape and share prosperity with the user community. The Devs gave BNB Chain some important updates and great news this week, which are listed below.
BNB Chain On-Chain Data Highlights
BNB Chain Project Ranking Updates
BNB Chain Accelerator Announces 27 Web3 Startups as Winners
Web3 accelerator program, “Most Valuable Builder” announced 27 winners for its fifth cohort
BNB Chain has announced 27 startups who emerged as winners from its Web3 accelerator program, MVB. Seven outstanding projects will receive investment from Binance Labs, which co-leads the initiative with BNB Chain.
The startups that emerged from the program were across DeFi, Music & NFTs, Gaming & Metaverse, Infra & Tooling, Security, and more.
During MVB V, the Labs team provided 10+ dedicated mentorship sessions with industry veterans and experienced founders, where product innovation design, community management and user growth, infrastructure scaling, and security, investment advice, etc. were among the topics that were covered.
Read more details here
BNB Chain Welcome Pyth Feeds Lives on Mainnet
About Pyth Network
Pyth network is is a first-party financial oracle solution designed to publish continuous real-world data on-chain in a tamper-resistant, decentralized, and self-sustainable environment. The network incentivizes market participants — exchanges, market makers, and financial services providers — to share the price data collected as part of their existing operations.
How Does Pyth Work on BNB Chain and Binance Sidechains?
Pyth prices are published and aggregated on Pythnet and then relayed to the BNB Chain and Binance Sidechains using the Wormhole Network as a cross-chain message passing protocol. Wormhole observes when Pyth prices on Pythnet have changed and publishes an off-chain signed message attesting to this fact.
To learn more about Pyth Network, please visit here.
Dapp Rankings Feature Live on DappBay
BNB Chain users can access dApp metrics such as the number of users, total value locked (TVL), the total number of transactions, social signal, Twitter followers, and Discord members with the release of the latest ranking feature on DappBay.
The dApp ranking feature of DappBay helps users access important dApp data and metrics in real-time and enables users to DYOR. Stay tuned for more features and benefits with DappBay.
DappBay is quickly becoming the port of call for users navigating the BNB Chain ecosystem. BNB Chain is doing everything possible to make user Web3 experience as seamless as possible.
Read more DappBay
Zero-Knowledge Rollups (zkRollups): A New Dawn on BNB Chain
About zkRollups
zkRollups are similar to optimistic rollups in that they bundle hundreds of Layer-2 transactions that were executed off-chain and submit them as one transaction onto the Layer-1. However, instead of assuming transactions to be valid unless challenged, zkRollups use validity proofs to instantly prove a transaction’s validity.
How zkRollups work?
ZkRollups is an application of zero-knowledge proofs (ZKPs) to board games. ZKPs are a mechanism to prove that you know something without revealing what that something is. For example, one can prove that they have the solution without actually revealing the solution by sending a screenshot of their final board.
They work by bundling hundreds of transactions processed off-chain into one transaction that then gets posted on the Layer-1. This single transaction takes the form of a validity proof, which can be either a ZKSNARK or ZK-STARK type. Validity proofs prevent fraud without manual intervention or verification like fraud proofs.Read more Advantages & Disadvantages of zkRollups
The DeFi League Welcomes New Additions
Introducing New Additions to the BNB Chain DeFi League
The DeFi League brings together leaders within the DeFi industry to tackle specific challenges in an organized and collaborative approach to building the infrastructure required to handle the future volume of users, data, and assets.
The DeFi League welcomes Wombat Exchange, Multichain, Biswap, Ellipsis and Beefy Finance. The new additions underlines BNB Chain’s commitment to supporting upcoming innovators within the DeFi space.
DeFi League Commitments
The participating projects convene regularly to review progress, provide constructive feedback, and discuss any other agenda. Together, they will continue to tackle challenges and blockers, discuss new ideas, introduce new grant programs and reward the best participants.
This collective effort primarily focuses on three key areas:
1. Innovation
2. Community
3. Security
Find out further details here
Source : coinwire
