BNB Chain has unveiled a new technology roadmap at its Revelation Summit. The ambition is to strengthen support for developers and improve transaction speed and network decentralisation, with a view to competing with the leader Ethereum (ETH).
NBB Chain tackles decentralisation
As part of the Revelation Summit, an event streamed live on YouTube, the team behind the NBB Chain revealed a new technology roadmap for its blockchain. Launched by Binance in 2020, the BNB Chain is one of the most popular blockchains, a direct competitor to Ethereum (ETH).
In concrete terms, the aim is to improve decentralisation, infrastructure capabilities and governance systems in order to give developers the keys to create the decentralised applications (dApps) of tomorrow.
As a reminder, last February, the Binance Chain and the Binance Smart Chain (BSC) became one and became the NBB Chain. On that occasion, the team stated that the blockchain would soon welcome new validators. According to today’s announcement, this has now happened: the number of validators on the NBB Chain will increase from 21 to 41.
In addition, the team announced that smaller validators should have a better chance of participating in the consensus and generating rewards. Regularly criticised for its lack of decentralisation, this initiative was eagerly awaited by the community. According to the announcement, the NBB Chain wants to make decentralisation “a central element” of its strategy.
A “faster, more secure and scalable” blockchain
According to the information disclosed at this Revolution Summit, the new decentralised applications on the NBB chain should offer “increased capacity, faster transactions, increased decentralisation, network security and stability to consumers”.
Specifically, the NBB Chain team will increase the gas capacity of the network’s blocks to 200 million, allowing for faster and cheaper transactions. According to them, “this improvement will result in a seamless dApp experience, even during peak network traffic. “
@cz_binance on the future of blockchain pic.twitter.com/AuBNSI555n
– BNB Chain (@BNBCHAIN) May 31, 2022
In other words, this new roadmap implies both an improvement in transaction speed and network scalability as well as decentralisation. Two aspects that are part of the blockchain trilemma along with security and that are often considered incompatible.
