• BNB Chain plans to drive mass adoption of crypto in 2024, with focus on decentralised finance (DeFi), gaming, and artificial intelligence (AI).
  • Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc) and the Web3 economy are also key areas.

BNB Chain has outlined its plans for the coming year, with the blockchain ecosystem targeting further adoption of crypto via key innovations across various industry sectors.

In its 2024 outlook, BNB Chain says it will focus on driving mass adoption, taking a multichain approach to push innovation across decentralised finance (DeFi), gaming, and artificial intelligence (AI).

With hackathons and events tailored to spark greater innovation, BNB Chain will also push for a thriving crypto ecosystem via initiatives around Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc) and the Web3 economy.

Unified approach, with “One BNB”

The BNB Chain team aims at taking mass adoption of crypto via these ecosystems to the next level with fully on-chain dApps that leverage a fast, cost-effective, scalable and developer-friendly network. 

BNB is the native token in the BNB Chain ecosystem.

The BNB Chain’s unified approach involves “One BNB”, an interconnectivity strategy that taps into the multi-chain framework made possible by its layer-1 platform BNB Smart Chain (BSC), layer- 2 scaling solution opBNB and decentralised storage chain Greenfield.

The One BNB strategy integrates the BSC, opBNB, and Greenfield into a cohesive ecosystem, ensuring seamless interaction between decentralised computing and storage solutions,” BNB Chain said in a blog post.

While BSC gas limit will remain 140 million in 2024, opBNB will feature an increased gas limit of 200 million (from 100 million). Meanwhile, gas fees is set to fall as much as tenfold to $0.0001. opBNB targets achieving 10,000 transactions per second (TPS) in 2024.

BNB Chain also targets increased decentralisation, with new governance, MEV mechanism and staking integrated into BSC as the BNB Beacon Chain gets phased out. The year will also see upgrades that enhance the data storage and processing capabilities of Greenfield. Key features will include atomic update, paymaster and data availability layer.

Initiatives, including hackathons, are all targeted at bringing a diverse and vibrant blockchain ecosystem to the community in 2024, BNB Chain.

By Jules

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