BNB Chain has released its 2024 development plan, using One BNB’s integration strategy to attract developers to activate the ecosystem to achieve the long-term vision of large-scale user adoption. The functions of Binance Smart Chain (BSC), Layer 2 network opBNB and decentralized storage network BNB Greenfield will be integrated and enhanced this year.
BNB Chain’s long-term vision: Leveraging the supply side to drive mass adoption
The vision of BNB Chain is clear - to promote the large-scale adoption of Web3 in various fields, including DeFi, full-chain games, AI, DePIN, and DeSoc, by developing a fast, efficient, scalable, developer-friendly, and secure multi-chain strategy. .
BNB Chain 2024 Goal: One BNB
In order to achieve the above vision, the team's main goal in planning for 2024 is to "integrate" existing resources and integrate decentralized networks including BSC, opBNB, BNB Greenfield and other various purposes into a cohesive ecosystem. To provide development teams with a complete service and interactive experience, this project is called One BNB.
Target issue: Fully on-chain Dapp is the future trend
According to the team's judgment, the Web3 industry will gradually move towards a fully on-chain (FoC) application architecture in the future, such as full-chain games or services that do not rely on centralized infrastructure.
However, due to the diversity of the ecosystem and immature interoperability of tools, developers will face the lack of a comprehensive and integrated technology stack to transition their applications to a powerful, fully chained Web3 architecture.
FoC applications will rely entirely on on-chain infrastructure Solution: Highly integrated BNB ecosystem attracts developers
In response to the above problems, One BNB meets the various needs of developers, including computing, storage, network security and other needs, making BNB Chain a competitive choice for Web3 developers.
For example, a full-chain game project can use BSC or opBNB to operate game logic, and use Greenfield to store and update data; or a DePIN project can use BSC's network consensus as a token issuance platform, and use opBNB to execute external hardware. Physical operation logic communication, using Greenfield for information storage.
In the future, DePIN will separate each module into different decentralized networks based on demand
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BNB Chain key actions: optimize existing services to satisfy developers
To ensure that the above-mentioned One BNB goal can be achieved, it is necessary to optimize the attractiveness of existing products to developers. Therefore, in addition to strengthening the integration between BSC, opBNB, and Greenfield, it is also necessary to improve the functions of individual networks to Meet developer needs.
The most basic needs of Web3 developers are nothing more than decentralization, performance, and security. Next is the need for storage.
Decentralization: Adding BSC network validators
The total number of active BSC validators has increased from 21 to 40 in 2023, and the goal this year is to expand the number of validators from 40 to 100 to decentralize and decentralize power.
Performance: Increase opBNB block size and introduce EIP-4844
The Gas Limit of the BSC network will remain at 140 million in 2024, with the focus being on strengthening the status and storage mechanism. The opBNB plan will increase the Gas Limit from 100 million to 200 million to achieve the goal of 10,000 TPS and become the highest-capacity Layer 2 solution.
(Core Developer: Adjusting the block space size requires considering many factors, and Gas Limit is by no means a parameter that can be adjusted at will)
The opBNB upgrade will be carried out in two phases. opBNB aims to achieve the first phase in 2024, establishing a security framework with oversight mechanisms. The long-term goal is to move into Phase 2, towards a more autonomous system design with strict protective measures.
In addition, opBNB also plans to significantly reduce gas costs by 5 to 10 times. Specifically, it will implement EIP4844 and build a data availability layer (DA) on Greenfield.
For storage functions, Greenfield aims to introduce advanced functions to enhance the middleware infrastructure. Includes development of Greenfield Executable, Atomic Update, Paymaster (AA), and improvements to other middleware infrastructure such as bundled transactions and data availability layers. The goal is to increase storage provider (SP) performance by five times, increasing upload speeds from the current 2MB/s to 10MB/s and download speeds from 20MB/s to 100MB/s.
Security: Gradually shutting down the BNB beacon chain
On the other hand, the BNB Beacon Chain will be phased out and new governance, staking and MEV PBS functions will be integrated into BSC. This strategy, called Beacon Chain Fusion, aims to simplify network complexity, improve efficiency, reduce security risks, and align the architecture of the BNB chain with future technical needs.
Integration will be a 2024 keyword
This article explains that BNB Chain’s short-term product strategy is to use optimization and integration to meet the needs of more developers. The marketing strategy is to continue to participate in the Web3 ecosystem through hackathons and lectures to strengthen the brand and exposure of BNB Chain in the eyes of developers. I will not go into details here.
In fact, the logic behind One BNB is a "chain abstraction" that serves developers. Developers do not need to spend any effort and can easily integrate different infrastructures. In 2024, when the ecological tools on the Web3 chain gradually mature, whoever can complete the high degree of ecological integration will have an advantage in product strength.
(What is chain abstraction? It improves user experience more comprehensively than account abstraction)
Integration, whether for users or developers, will be an important keyword in the future Web3 industry.
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This article BNB Chain 2024 Outlook: One BNB strategy integrates BSC, opBNB, BNB Greenfield first appeared on Chain News ABMedia.
