HomeNewscoinquora.comBNB Chain Announces Sidechains Similar to Polkadot’s Parachains

BNB Chain Announces Sidechains Similar to Polkadot’s Parachains

- Advertisement -


  • Binance Chain (BNB Chain) will have its own sidechains.
  • The sidechains will cater to more application-specific uses while increasing the scalability of BNB Chain.
  • Binance Labs did not disclose further details regarding the sidechains.

Binance Chain (also rebranded into BNB Chain), the layer 1 blockchain that hosts Binance Coin (BNB), will have an upgrade that will help it scale better and accommodate more diversified applications.

Specifically, Binance Chain will introduce its BNB Chain Application Sidechain (BAS) to help it cater to more application-specific uses while increasing scalability. Basically, this is similar to parachains popularized by Polkadot and Kusama.

However, these BNB Chain sidechains do not necessarily function in exactly the same way as parachains. Binance Labs – the core development team behind BNB Chain – has yet to reveal all the details.

Nevertheless, they ruled out the possibility of these sidechains becoming equal layer 1 blockchains, which is the case with parachains. With Polkadot and Kusama, these parachains are all connected to the relay chain and they require some network governance decisions before any meaningful changes get implemented.

Meanwhile, BNB Chain sidechains will not achieve the same level of autonomy, although the main purpose will be similar.

“The BAS is an infrastructure introduced to help developers and node operators build and run their own blockchain as their internal value system,” a spokesperson from Binance Labs said to TheBlock. “[This infrastructure will cater to] a massive number of users while still maintaining a close connection with BNB Chain.”

To bring the uninitiated up to speed, Binance Chain is an entirely different blockchain from Binance Smart Chain. The former is the blockchain where Binance Coin runs. Also, it does not enable smart contracts. Meanwhile, the latter is the blockchain ecosystem that hosts a plethora of decentralized applications (DApps) and that enables developers to mint BEP-20 tokens.



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 47,185.00
ethereum
Ethereum (ETH) $ 3,344.51
tether
Tether (USDT) $ 0.998495
bitcoin-cash
Bitcoin Cash (BCH) $ 380.10
litecoin
Litecoin (LTC) $ 131.70
eos
EOS (EOS) $ 2.98
okb
OKB (OKB) $ 22.49
tezos
Tezos (XTZ) $ 3.90
leo-token
LEO Token (LEO) $ 6.10
cardano
Cardano (ADA) $ 1.23
monero
Monero (XMR) $ 220.18
stellar
Stellar (XLM) $ 0.2351
chainlink
Chainlink (LINK) $ 17.05
huobi-token
Huobi Token (HT) $ 9.09
tron
TRON (TRX) $ 0.071419
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 135.28
neo
NEO (NEO) $ 26.58
iota
IOTA (MIOTA) $ 0.887567
nem
NEM (XEM) $ 0.118135
zcash
Zcash (ZEC) $ 204.67
maker
Maker (MKR) $ 2,159.28
paxos-standard
Pax Dollar (USDP) $ 0.999185
ethereum-classic
Ethereum Classic (ETC) $ 47.62
vechain
VeChain (VET) $ 0.076439
true-usd
TrueUSD (TUSD) $ 0.999295
ftx-token
FTX Token (FTT) $ 52.16
kucoin-shares
KuCoin Token (KCS) $ 19.34
waves
Waves (WAVES) $ 33.08