BNB Chain (BNB) is unveiling a new technical roadmap amid plans to make the network faster and more decentralized by the end of 2022.
The announcement was made at the BNB Chain Revelation Summit, months after Binance Chain and Binance Smart Chain merged to form the BNB Chain.
The roadmap shows the network will see increased decentralization with the adoption of BEP-131. The increased number of validators on the BNB Smart Chain is also anticipated to improve security and stability.
“This proposal would increase the number of BSC Mainnet validators from 21 to 41, providing more decentralization and incentives for validators to constantly innovate their hardware and infrastructure.”
The document says that the BNB Beacon Chain will also make the Binance decentralized exchange (DEX) open-source by the second quarter of the year to improve transparency and multi-chain integration.
“Developers can look forward to gaining access to the DEX matching engine code that will become free to use and build on.”
Users can also look forward to increased transaction speeds through mechanisms that will be implemented by the BEP-126 by the third quarter of the year.
“BEP-126 will implement BLS [Boneh–Lynn–Shacham] based multi-signature for the peer-to-peer (P2P) channel and attest the blocks to fast finalize the state of the blockchain. The final confirmation time of transactions will decrease to as short as two blocks and provide end-users with a smoother cross-chain user experience by decreasing the transaction time.”
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/betibup33
Credit: Source link
