The highly anticipated opBNB Mainnet has gone live on September 13, 2023. Founded on the pillars of scalability, security, and cheaper transaction fees, opBNB’s inauguration is poised to bring another one billion users into the realm of Web3.
opBNB is distinguished as an Ethereum Virtual Machine (EVM)-compatible Layer 2 chain rooted in the Optimism OP Stack. This mainnet launch signifies a crucial step towards widening blockchain accessibility through reduced gas fees.
The odyssey to the opBNB Mainnet began with its Testnet launch on June 19, 2023. With over 35 million processed on-chain transactions and connections to more than 435,972 unique wallet addresses, the Testnet phase has been commendable. Other notable Testnet statistics include an average block time of roughly 1 second, processing of over 86,000 daily blocks, a daily transaction range of 100-150K, engagement with an active community of over 6,000 daily users, and the deployment of 150+ dApps.
opBNB’s Mainnet stands out with unique offerings. The Layer 2 gas costs plummet to a mere 0.2 gwei, and transactions can go as low as $0.005 per transfer. Among its security protocols, opBNB adopts a trustless approach that doesn’t make assumptions about the Sequencer. It ensures all transaction data is verified across all full nodes on the BNB Smart Chain. To ensure comprehensive network security, opBNB has already met crucial Mainnet genesis criteria. These include a high availability solution, peak performance of 4K transactions per second, stress testing, and consistent internal and external security audits. The Mainnet launch has been accompanied by over 150 projects pledging integration or development on the opBNB platform.
opBNB’s commitment to its developer community has been unwavering. By partnering with top-tier infrastructure and tooling providers, the user experience on the opBNB network has been notably enhanced. Moreover, community engagement initiatives such as the Hackvolution hackathon brought forth over 500 project submissions on the opBNB Testnet.
Post Mainnet launch, opBNB’s emphasis will be on strengthening network resilience and decentralization. Some of the future-focused initiatives are delving into the OP Stack framework to bolster the efficiency of their fraud-proof system, a strategic move to simplify network interactions, ensuring smooth data transitions and fostering an integrated ecosystem for developers, and a mechanism that intends to boost fairness and mitigate risks associated with centralization.
In conclusion, opBNB’s launch signifies a new chapter in blockchain technology, driven by accessibility and innovation. With a vision to welcome the next billion users to Web3, the opBNB network is set to redefine blockchain’s landscape.
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