The team behind the blockchain network is working towards its long term goal of onboarding a billion users to the network.
Scalability – Top Priority for BSC
The development team of Binance’s flagship blockchain network, Binance Smart Chain (BSC), and its community pioneers have been working hard behind the scenes.
On January 26, the network’s Twitter handle revealed the comprehensive technological roadmap for the year 2022. The outlook for the future development direction of the BNB blockchain ecosystem exhibits the BNB spirit of ‘For the builders and users’ in order to eventually onboard a billion users onto the network. The aim is to build on the daily active addresses that hit an all-time high of 2.27 million on December 1, 2021, as per data from Ycharts.
“From now on, the BSC developers and validators community will follow the annual cycle of releasing new features and functionality to progressively upgrade the fundamental protocols, including the network scalability and decentralization, and implement critical and most demanded features from the community,” mentioned Binance’s official blog. “Every year, the BSC community will enjoy a dramatically upgraded version and environment as typical software or hardware lifecycle, e.g., major annual iPhone releases.”
The roadmap highlights three key objectives for the network:
1. Scaling of BSC 2021 – As the largest chain, BSC must scale to sustain growth and increases in block size with more validators are in the works
2. Expansion of the BSC ecosystem to cross-chain and multi-chain with two key changes:
2.1 BSC Application Side Chain (BAS) – Infrastructure designed to assist developers and node operators to build and run their own blockchain as their internal value system.
2.2 BSC Partition Chain (BPC) – A shard/layer-2 subspace with a new validator set, a new computing engine, and a new ledger to offload part of BSC computing, data, and transaction load from the mainnet to smaller side-chains.
3. Further empowerment of the BSC community and growth of a crypto-native talent pool – BSC 2022 will be the first topic of discussion in the network’s new developer forum.
What is Binance Smart Chain?
Binance Smart Chain is one of the leading smart contract blockchain networks and is an EVM-compatible parallel chain to Binance Chain (BC). The blockchain network has grown quickly since its launch in August 2021, the total value locked (TVL) in DeFi protocols on the network hit $31.73 billion in May 2021, as per data from DeFiLlama. Currently, the TVL on BSC stands at $12.07 billion.
Find more about BSC here:
Website | Twitter | Youtube | Whitepaper | Github | Telegram | Discord | Community | Developer Telegram |
Source : bsc.news
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