BNB Chain has unveiled its ambitious development plan for 2024, centered around the One BNB strategy. This initiative aims to seamlessly integrate and enhance the functionalities of BNB Smart Chain (BSC), the Layer-2 network opBNB, and the decentralized storage network BNB Greenfield. The primary goal is to create a unified, developer-friendly ecosystem that drives large-scale adoption across various Web3 sectors, including DeFi, omnichain gaming, AI, DePIN, and DeSoc.
The Long-Term Vision: Driving Mass Adoption Through Infrastructure
BNB Chain's long-term vision is clear: to foster mass adoption in the Web3 space by developing a fast, efficient, scalable, and secure multi-chain ecosystem. By focusing on infrastructure improvements and ecosystem integration, BNB Chain aims to provide the necessary tools and environments for developers to build innovative applications that attract a broad user base.
One BNB: The Core Strategy for 2024
The One BNB strategy is the cornerstone of BNB Chain's 2024 roadmap. It involves integrating BSC, opBNB, and BNB Greenfield into a cohesive ecosystem, offering developers a comprehensive suite of services and interactive experiences. This integration is designed to simplify the development process, reduce complexity, and enhance overall efficiency.
The Challenge: Fully On-Chain Applications as the Future Trend
The Web3 industry is increasingly moving towards fully on-chain (FoC) application architectures, such as omnichain games and services that do not rely on centralized infrastructure. However, the current landscape is fragmented, with poor tool interoperability and a lack of integrated technology stacks. This makes it difficult for developers to transition their applications to robust, fully on-chain Web3 architectures.
FoC applications depend entirely on on-chain infrastructure, requiring seamless integration of computation, storage, and network security.
The Solution: A Highly Integrated BNB Ecosystem for Developers
The One BNB strategy addresses these challenges by providing developers with a unified platform that meets all their needs—computation, storage, and network security. For example:
- Omniverse gaming projects can use BSC or opBNB for game logic while leveraging Greenfield for data storage and updates.
- DePIN projects can utilize BSC's network consensus for token issuance, opBNB for external hardware communication logic, and Greenfield for information storage.
This modular approach allows developers to choose the best network for each component of their application, optimizing performance and efficiency.
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Key Initiatives for 2024: Enhancing Developer-Centric Services
To achieve the One BNB vision, BNB Chain is focusing on optimizing its existing services and enhancing the attractiveness of its networks to developers. Key areas of improvement include decentralization, performance, and security.
Decentralization: Increasing BSC Network Validators
In 2023, the number of active BSC validators grew from 21 to 40. For 2024, the goal is to expand this number to 100, further decentralizing the network and distributing power more broadly.
Performance: Enhancing opBNB Throughput and Introducing EIP-4844
- BSC Network: The gas limit will remain at 140 million, with efforts focused on improving state and storage mechanisms.
opBNB: The gas limit will be increased from 100 million to 200 million, targeting 10,000 TPS to make it the highest-capacity Layer-2 solution. This upgrade will be rolled out in two phases:
- Phase 1: Establish a secure framework with supervisory mechanisms.
- Phase 2: Move towards a more autonomous system with stringent protections.
- Gas Fee Reduction: opBNB aims to reduce gas fees by 5–10 times by implementing EIP-4844 on Greenfield and constructing a data availability (DA) layer.
Storage: Boosting Greenfield Efficiency
Greenfield will introduce advanced features to enhance middleware infrastructure, including:
- Greenfield Executable
- Atomic Update
- Paymaster (Account Abstraction)
- Improvements in bundling transactions and data availability layers.
The goal is to increase storage provider (SP) performance fivefold, raising upload speeds from 2 MB/s to 10 MB/s and download speeds from 20 MB/s to 100 MB/s.
Security: Phasing Out BNB Beacon Chain
The BNB Beacon Chain will be gradually retired, with its governance, staking, and MEV/PBS functionalities integrated into BSC. This strategy, known as Beacon Chain Fusion, aims to simplify network complexity, improve efficiency, reduce security risks, and align BNB Chain's architecture with future technological demands.
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Integration: The Key Theme for 2024
Integration is the defining theme of BNB Chain's 2024 strategy. By optimizing and consolidating its ecosystems, BNB Chain aims to meet the diverse needs of developers while enhancing user experiences. Beyond technical improvements, BNB Chain will continue to engage with the Web3 community through hackathons, workshops, and other events to strengthen its brand presence and visibility among developers.
The One BNB strategy essentially embodies "chain abstraction" for developers, allowing them to effortlessly integrate different infrastructures without unnecessary complexity. As Web3 tools mature in 2024, ecosystems that achieve high levels of integration will gain a significant competitive advantage.
Frequently Asked Questions
What is the One BNB strategy?
The One BNB strategy is BNB Chain's initiative to integrate BSC, opBNB, and BNB Greenfield into a unified ecosystem. It aims to provide developers with a seamless experience for building fully on-chain applications by offering comprehensive computation, storage, and security solutions.
How will opBNB's performance improve in 2024?
opBNB plans to increase its gas limit to 200 million, targeting 10,000 TPS. It will also reduce gas fees by 5–10 times through the implementation of EIP-4844 and a data availability layer on Greenfield.
What changes are coming to BNB Greenfield?
Greenfield will introduce advanced features like Greenfield Executable, Atomic Update, and Paymaster to enhance middleware infrastructure. Storage provider performance will improve significantly, with upload and download speeds increasing fivefold.
Why is the BNB Beacon Chain being phased out?
The Beacon Chain is being retired to simplify network complexity, improve efficiency, and reduce security risks. Its functionalities will be integrated into BSC as part of the Beacon Chain Fusion strategy.
How does One BNB benefit developers?
One BNB provides a highly integrated environment where developers can easily access computation, storage, and security services across BSC, opBNB, and Greenfield. This reduces development complexity and accelerates the creation of fully on-chain applications.
What is BNB Chain's long-term goal?
BNB Chain aims to drive mass adoption in Web3 by building a fast, efficient, scalable, and secure multi-chain ecosystem. It focuses on supporting sectors like DeFi, gaming, AI, DePIN, and DeSoc through continuous infrastructure improvements.