- The update mentioned that opBNB, BSC, and Greenfield will be interconnected.
- Although development activity on the chain has decreased, BNB Chain plans to attract more developers.
Smart contract blockchain ecosystem BNB Chain has revealed details about its 2024 roadmap, AMBCrypto has confirmed.
According to a blog post dated January 31st, they want to create a “One BNB” paradigm. BNB Chain explained that this paradigm will be geared towards creating a multi-chain framework.
According to details in the post, the framework connects Binance Smart Chain (BSC), L2, opBNB, and greenfield layers. Greenfield is the decentralized storage arm of the BNB Chain. On the other hand, opBNB is designed to support large-scale decentralized applications (dApps).
“One BNB” for everyone?
The project also noted that interconnection will improve data storage and processing. It was also noted that this development will enhance scalability and improve decentralization.
BNB Chain also stated that it plans to increase opBNB transactions to 10,000 transactions per second (TPS). However, the statement noted that the upgrade will be done in two phases.
Phase 1 focuses on security. However, Phase 2 focuses on systems for code integrity. AMBCrypto analyzed the possible consequences of this proposal. Through our analysis, we found that the multi-chain paradigm can increase the number of active users on the BNB chain.
According to data from Santiment, BNB’s development activity has been stagnant for some time. This position implies that developers within the ecosystem have not released any new features.
Source: Santiment
Greenfield 2.0 is coming
However, the status of the metric may change as the plan is developed. Another on-chain metric we evaluated was social dominance. At the time of reporting, social dominance had fallen to 0.965%. This means there is less discussion surrounding BNB than there were a few days ago.
Despite this decline, the BNB Chain core development team said they are open to collaboration with developers. The statement is as follows:
“In 2024, we call on all developers to build BNB chains and contribute to the incredible growth of Web3 for the second year in a row. As our ecosystem continues to expand, our mission is to build a unified and extremely powerful multichain paradigm and power an ultra-fast, cost-effective, scalable and user-friendly ecosystem.”
Mass adoption could be achieved in 2024 as the number of developers on the chain increases. Additionally, BNB Chain said it plans to more than double the number of active validators from 40 to 100.
According to the project, this will help implement the convergence of beacon chains. He also mentioned that this update will introduce BNB Greenfield 2.0.
How much is 1,10,100 BNB worth today?
Once Greenfield 2.0 is released, blockchain performance could increase fivefold.
The upgrade will also introduce new features to build more application-specific data infrastructure for AI, on-chain gaming, DePIN, and DeSoc as mentioned by the project.