Developers of the Ethereum Virtual Machine (EVM)-compatible blockchain built on Optimism’s OP Stack, BNB Chain, announced the launch of the opBNB testnet in a release to CoinDesk.The opBNB testnet is intended to operate at speeds of 4,000 transactions per second (tps) at a goal cost of 0.005 U.S. cents per transaction, according to the developers.
These speeds are comparable to those of blockchains like Arbitrum, twice as fast as BNB Chain, and much faster than Ethereum’s 30 tps.Developers can test complicated tools and applications on testnets, which are synthetic blockchains that mirror real-world usage, before releasing them on a mainnet.The open-source software platform known as OP Stack is the foundation upon which blockchains like Optimism are built.
Network congestion and high fees that increase during periods of network demand are a recurring problem for blockchains, effectively slowing down applications and services developed on that network.It may be possible to ease network congestion and lower transaction costs by converting such a network to a layer 2 blockchain, which groups several transactions into one and submits them to a base blockchain.Developers may simply build open ecosystems on the reliable and EVM-compatible opBNB platform, easing the transition of applications to BSC and growing their user base.
Developers said in the release that projects “can leverage improved throughput and significantly lower transaction costs, resulting in a superior user experience. “Additionally, the improved scalability of opBNB helps projects with high transaction volumes on BSC overcome obstacles and succeed.Starting on Monday, developers and initiatives can develop on the opBNB testnet.