• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Exploring the Weird and Wonderful World of Cryptocurrency Websites

January 18, 2023

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Blockchain»BNB Chain’s new technical roadmap
Blockchain

BNB Chain’s new technical roadmap

Donald MunnBy Donald MunnJune 7, 2022Updated:September 29, 2022No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Prior to this new roadmap, BNB had already taken a major step in February when it decided to merge Binance Chain with Binance Smart Chain to create BNB Chain.

The new network created a multi-chain infrastructure layer that supports Binance’s new ecosystem and governance mechanisms.

Changes in the new BNB Chain roadmap

roadmap binanceBinance unveils new roadmap by announcing future progress

The news of this new technical roadmap comes directly from the BNB Chain Revelation Summit.

From what has emerged, the goals that this new technical roadmap will seek to pursue are ambitious and important for the future development of the ecosystem.

Increase transaction speed

According to the BNB Chain team, the fastest and cheapest transactions will be achieved by increasing the capacity of Block gas to 200 million. This improvement could lead to a flawless dApp experience even during peaks in network traffic.

Increasing the level of decentralization

The various statements revealed that the number of validators on the blockchain will be increased from 21 to 41 validators. 

Furthermore, the announcement also states that decentralization is and will be “a central element” of the BNB Chain strategy.

Two other objectives set by the Binance team then emerge, namely: 

  • Development of governance capabilities through the BNB token.
  • Implementation of a series of Binance Chain Evolution Proposals.

Executive statements

After the announcement, Chief Ecosystem Pilot K. proudly stated:

“It’s the blockchain platform that has the highest amount of transactions on record, close to 3 billion, and 1300 Dapps. And there has never been a glitch: no downtime! What other blockchain platforms can say the same?”

Urio Ferrucci, Executive Director of the BNB Foundation, on the other hand, shared his assessment of how the implementation of the roadmap will support the growth of the BNB Chain ecosystem. 

In fact, he stated that:

“These technological advancements are significant as they will bring substantial changes for both the developer community and end users […] The emphasis will be on innovation, sustainability, strengthening the governance mechanism of BNB Chain and investing heavily in security”.

The post BNB Chain’s new technical roadmap appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022

Premonitory signs of a bullish market, what does the VIX index show?

September 1, 2022

The Web3 Conference A Certified Carbon Neutral Event

September 1, 2022

Dubai issues regulations governing virtual asset marketing

September 1, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Exploring the Weird and Wonderful World of Cryptocurrency Websites

January 18, 2023

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.