- BNB Chain shared the main achievements of the ecosystem in 2023.
- The network set a record in terms of throughput and number of daily transactions.
- The team shared plans for further development of BNB Chain.
BNB Chain (BSC) developers shared plans for the ecosystem’s development in 2024. The team provided Incrypted with a report detailing the history of creation and key goals of the project.
According to the document, BNB Chain was created in September 2020. Since its launch, it has gone the way of becoming one of the largest Tier 1 ecosystems with an audience of more than 1 million daily users. All this time, the developers tried to follow the principles of openness, decentralization and multichain empowerment.
In 2023, the network underwent a thorough stress test against the backdrop of the crypto market recovery. Also in BNB Chain recalled the main achievements of the project:
- At the end of 2023, the BSC processed 32 million transactions per day and reached a throughput of 2000 TPS;
- In the fourth quarter, the OpBNB Chain recorded 71 million transactions and the blockchain throughput amounted to 4500 TPS;
- The number of hacks decreased by 85% compared to 2022, indicating a significant improvement in security.
The report states that the number of daily transactions on BNB Chain has increased by 35%. In addition, commission costs have increased by 21%.
According to the team, the landmark events of 2023 were the launches of the opBNB L2 solution and the Greenfield decentralized storage network.
The developers talked about One BNB’s approach to create a unified ecosystem:
“The One BNB strategy combines BSC, opBNB and Greenfield into a single ecosystem, enabling a seamless interaction between decentralized computing and storage.”
In 2024, the BNB Chain team will focus on increasing network capacity and speed. In addition, developers will focus on storage efficiency to strengthen BSC’s position as a leading EVM platform, the team said in a statement.
According to the press release, initiatives to further develop the ecosystem include improving governance principles, supporting opBNB Connect developers, developing steaking on BSC and BNB Chain Fusion. The team also plans to address the development of the Web3 economy and the implementation of “scalable, fast and secure multichain strategies.”
As a reminder, BNB Chain launched a developer incentive program in December 2023 with a monthly prize pool of up to $200,000.
