Exchange News

BNB Chain to Launch Sidechain for High Resource Apps

  • BNB Chain will launch sidechains to increase its network dependability.
  • Decentralized applications compatible with BNB Chain are going to host the sidechains.
  • BAS will function in the same way as Ronin Chain for Axie Infinity.

BNB Chain, one of the most widely used smart contract platforms established by crypto exchange Binance, plans to cut the cost and increase the transaction speed for high resource applications such as gaming by launching sidechains.

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According to a statement of a Binance spokesperson through TheBlock, The BNB Chain Application Sidechain (BAS) will allow developers to connect data and assets from BNB Chain, with increased production and significantly reduced or even zero transaction fees. These sidechains will focus on specific use cases.

Binance spokesperson said:

“The BAS is an infrastructure introduced to help developers and node operators build and run their own blockchain as their internal value system for a massive number of users while still maintaining a close connection with BNB Chain.”  

Last February, BNB Chain (formerly named Binance Smart Chain) announced its plan to accommodate large-scale applications in areas such as GameFi, SocialFi, and the Metaverse. The development of sidechains will put them on the right track to attain that goal.

Samy Karim, Ecosystem Coordinator at BNB Chain, said:

“Any developer will be able to deploy their own BAS, complete with their own specifications and validator set. Depending on the BAS deployer, this validator set may require fewer validators than BNB Chain.”

Karim added that Application owners can run these validators, providing BAS with increased flexibility and decentralization. Furthermore, he likened BAS to Ronin Chain of Axie Infinity.

Other blockchains have devoted application-specific chains for their environment, including Avalanche, Polkadot, and Cosmos. However, some do not have the sidechain status. BNB Chain has partnered with a few teams and will soon reveal technical features on the very first BAS testnet. Meanwhile, BNB Chain is initially focusing on GameFi, SocialFi, and the Metaverse.

CryptoNewsLand Editor

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.

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