Scalable innovation from BNB Chain.

Crypto News | Cryptocurrencies | Investing | Trading | Investing | Crypto News | Cryptocurrencies | Trading

The BNB blockchain for financing will be rebuilt. BNB will be able to process 5000-10,000 transactions per second after the upgrade, which is scheduled for next year. In fact, Finance has launched another blockchain (the L2 blockchain), where transactions can be unloaded and processed faster and cheaper, and the results are sent back to the main BNB network.

Then came the financial choice, when ZKL 2 began to gain momentum in the Ethereum ecosystem.

The zkBNB solution from Binance.

Everyone could see the problems with scaling the blockchain, and it would take several years to implement some supposedly practical solutions. These assumptions were found to be false when the CITY appeared from the THREAD chain. This would significantly affect the potential for developing large-scale BNB-based applications with guaranteed security and transaction speed, faster completion and much lower transaction costs.

The official launch of the skin test network in November 2022 will demonstrate the company’s continued commitment to offering the most advanced and secure blockchain infrastructure for dApps Web3 applications. Since the code is open source, programmers experiment with extensible features and modify the capabilities of ZKBNB according to their specific use cases. Developers who have access to the relevant zkBNB documentation and integration kits will notice that new options are emerging.

What is ZkBNB.

First of all, it offers reliable and secure building capabilities that share the fundamental Layer-1 security layer with BNB Smart Chain. To do this, the side-chain transactions are combined into a single transaction that creates a cryptographic proof, often known as the short non-interactive Knowledge Argument (SNARK). This provides scalability that has never been seen before in business.

With just a few lines of code, payments and atomic exchanges can now be integrated. Using advanced built-in AM exchange pools and liquidity for specific use cases, digital assets will be automatically replaced without authorization.

Since the BNB network pays great attention to performance, zkBNB demonstrates incredible performance, supporting 100 million addresses and managing 5-10 thousand TPS – a performance unheard of in our sector.

The invention is designed to provide fast transaction processing, low gas prices and a “full exit” from BSC, which allows customers to withdraw money whenever they want.

Who will hire and use ZkBNB?

The quick answer is that when it comes to the capabilities of zkBNB, all Web 3 developers will be on the lookout. The TAE trading platform integrated into leti and API services that allow teams to create “ready-made” trading platforms for crypto assets and TAE will be of particular interest to those who develop TAE dApps applications.

ZkBNB offers a set of powerful REST APIs. This ensures that game developers who have already established themselves in the market with previously prepared content or game projects will be able to quickly and successfully launch their creations on Web3.

Adding a built-in naming service is another feature that sets zkBNB apart from competing services in terms of improving the user experience. By storing all user addresses and accepting cryptocurrencies, tokens, or NFT, all it effectively does is provide readable names in transactions. Despite the fact that it is straightforward, this aspect of human communication is crucial to strengthen the sense of independence of actions in an environment aimed at attracting new users.

According to the BNB Chain roadmap for 2022, the BNB Sidechain (BASS) application, a platform for building side chains in the BNB Chain ecosystem, was introduced in March 2022. This was followed by the development of zkBNB. In fact, we are still ahead of schedule and will release additional intriguing features soon.

The next billion consumers will be attracted to Web 3 thanks to a number of improvements, the most recent of which is this. We are officially planning to deploy the main network at the end of the year with the release of the zkBNB test network, which is currently running in real time.

If you like to read such articles and want to support the author, then you can subscribe to our telegram channel and recommend us to your friends, this will help a lot to support our project! Telegram: CRYPTO WIKIES | Bitcoin & Altcoins Mining
Be the first to know all the news, read more about cryptocurrencies and mining at CRYPTO-MINING.BLOG.