BNB Chain has a new technical roadmap and it claims to handle double the daily transactions of Ethereum

• Binance unveiled a new technical roadmap for the BNB Chain on May 31, at the BNB Chain Revelation Summit.
  
• Binance says that the BNB chain has over two million daily active users.
  
• The BNB Chain was formed in February by merging the Binance Smart Chain and the Binance Chain.
  

Binance, which runs one of the largest crypto exchanges in the world, has announced a new technical roadmap for its blockchain network — the BNB Chain. The roadmap, which was announced on May 31 at the BNB Chain Revelation Summit, is meant to enhance the decentralised structure of the BNB Chain, add more decentralised apps (DApps) and possible side chains. Which in turn will improve the infrastructural capabilities of the chain.


The BNB Chain was announced in February this year, and formed from a merger between the Binance Chain and the Binance Smart Chain (BSC). It is supposed to be an infrastructural layer to support web3 apps.


“We want to bring more developers to web3. Our goal is to support the dialogue with regulators and bring more attention to this space,” said Uri Ferrucio, the executive director of the BNB Foundation, via a tweet thread posted by Binance.


According to Binance, the roadmap will include the doubling of the number of decentralised validators on the network to 41. It also includes the introduction of a mainnet called BNB Application Sidechain, which will have projects like META Apes and Metaverse World.


The company claimed that the BNB Chain has over two million daily active users, and handles twice the transactions that Ethereum does at the moment. The BNB Chain is already based on the proof-of-stake (PoS) system, which makes this metric more important, as it could lead to more environmentally sound solutions before Ethereum makes the move to the new consensus mechanism completely.


The PoS and proof-of-work (PoW) systems are consensus mechanisms used by blockchain networks to validate transactions and changes to the network. The PoW system requires more computing power, and hence consumes more energy. PoS, on the other hand, limits the computing power going into each transaction, and hence is more environmentally sound.


According to Ferruccio, the roadmap will emphasise innovation, sustainability, strengthening the governance mechanism of the BNB Chain and investing in security.