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BNB Chain Explores New Ultra-Fast, Privacy-Focused Layer 1
In a significant move, BNB Chain has announced its plans to develop a new blockchain network that prioritizes speed, efficiency, and privacy. This endeavor is designed to revolutionize the way transactions are processed and secured on the platform.
The proposed layer 1 solution aims to confirm transactions in under 150 milliseconds, a feat that will undoubtedly exceed the current market standards. Moreover, it will also support over 20,000 transactions per second, making it an attractive option for large-scale decentralized applications.
One of the key features of this new network is its focus on native privacy for transfers and contracts. Unlike previous solutions that relied on intermediary layers, BNB Chain’s innovative approach ensures strong confidentiality without compromising regulatory compliance. This breakthrough will enable users to engage in secure transactions without sacrificing transparency or accountability.
To achieve these ambitious goals, the team has chosen to utilize a Rust-based client, Reth, which offers multi-threaded execution and enhanced memory usage as well as node syncing improvements. Additionally, it will implement optimized instructions that group common actions into a single step, streamlining the execution of complex contracts used by decentralized exchanges and launch platforms.
The proposed infrastructure redesign will significantly reduce read times and eliminate duplicate access to data, leading to improved scalability without bottlenecks. The gas limit per block will be increased tenfold to 1G, enabling up to 5,000 swaps per second in decentralized environments.
These advancements build upon the recent changes introduced earlier this year, which saw a substantial reduction in malicious MEV activity and lower block time and finality. BNB Chain is laying the groundwork for an entirely new infrastructure built from scratch, designed to support sophisticated asset creation, operate at Nasdaq-level speeds, and serve hundreds of millions of users with faster, more private, and self-sufficient system.
The implications of this development are significant, as it may pave the way for a substantial shift in the global cryptocurrency landscape.
Source: crypto-economy.com
