BNB Chain, Binance’s Layer 1 network, has announced the technology. zero-knowledge (ZK) proof scaling of itself as “zkBNB”
Zero-knowledge proofs are one of the long-term solutions for decentralized blockchain scalability, as Ethereum co-founder Vitalik Buterin emphasized in:His ‘Endgame’ article It will be an emerging scalability and privacy technology. It uses mathematical proofs to enable verification of specific data without the need to reveal details.
BNB Chain It is one of the widely accepted Layer 1 blockchains. with a locked monetary value (TVL) of more than $5.4 billion. and is ranked 3rd in all networks
The goal of zkBNB is to provide security from the underlying layer while using what is known as ZK SNARK for faster Transaction Per Second (TPS) and to provide lower transaction costs and “capability. scale like never before in this industry,” BNB Chain said in a statement.article
One problem that BNB points out is Long delays for transactions to process and terminate, claiming that zkBNB will significantly reduce transaction queues. which facilitates better application usage and better user experience.
The testnet network for zkBNB will go live on September 2nd, and the goal for its mainnet launch is before the end of 2022.
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