- BNB Chain’s introduction of Rollup-as-a-Service (RaaS) signifies a strategic move to bolster its Layer 2 ecosystem.
- By offering infrastructure and tools for creating custom Layer 2 networks on the Binance Smart Chain (BSC), BNB Chain aims to provide developers with accessible solutions to enhance scalability and efficiency within its blockchain ecosystem.
Rollup as a Service is a new offering from BNB Chain that aims to grow its Layer 2 ecosystem.
A rollup-as-a-service (RaaS) solution from BNB Chain has been introduced to facilitate the growth of custom Layer 2 networks within its ecosystem.
The infrastructure needed to create affordable dedicated rollups on the BNB Smart Chain (BSC), including options for no-code deployment, will be made available to dapp applications through the RaaS.
DeFiLlama data indicates that BSC is the third-largest blockchain in terms of total value locked, with $6.1 billion in TVL, behind Ethereum’s $56.7 billion and Tron’s $10.5 billion.
The BNB Chain core development team said in a statement, “Developers will have a comprehensive toolkit to build efficient and scalable Layer 2s on BSC by combining the power of RaaS and the interconnectivity capabilities of our ecosystem.”
The BNB Chain ecosystem is made up of five different networks: BSC, a Layer 1 blockchain that is compatible with the Ethereum Virtual Machine; opBNB and zkBNB, two Layer 2 solutions currently in use; BNB Greenfield, a data storage network; and BNB Beacon Chain, which will eventually phase out its functionality and transfer it to BSC.
As part of the company’s “One BNB” effort, which aims to address the need for an integrated tech stack, Layer 2s constructed on the BSC network are connected via opBNB Connect.
BNB token-
Within the BNB Chain ecosystem, which also consists of BNB Smart Chain (BSC) and BNB Beacon Chain, BNB is the native token. BNB is used on the BNB Smart Chain to take part in the consensus process of the network and to pay transaction fees.
In addition, BNB is a utility token that, when used on the centralized cryptocurrency exchange Binance, enables customers to save money on transaction costs. Binance has expanded the use of BNB over time by incorporating it into a number of other parts of the Binance ecosystem, including their token launch platform (Binance Launchpad), decentralized exchange (Binance DEX), and more.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
