BNB Chain Announces New 2022 Roadmap to Become Faster and More Decentralized

BNB Chain Announces New 2022 Roadmap to Become Faster and More Decentralized

June 3, 2022 Off By Roland G

BNB Chain (BNB) has released a new tech roadmap as part of its plans to make the network quicker and more decentralized by the end of 2022.

BNB Chain

BNB Chain announced the news on their blog during the company’s Revelation Summit, months after the BNB Chain was formed by the merger of Binance Chain and Binance Smart Chain (BSC).

With the deployment of BEP-131, the network will witness increasing decentralization, according to the roadmap. It is also expected that the increased number of validators on the BNB Smart Chain will improve security and stability.

The company noted in the statement:

“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.”

According to the document, the BNB Beacon Chain will also open-source the Binance decentralized exchange (DEX) by the second quarter of the year to promote transparency and multi-chain interaction.

Moreover, the company added that developers could look forward to receiving access to the DEX matching engine code, which will be available for free use and development.

Furthermore, users can also expect faster transaction speeds thanks to guidelines that the BEP-126 will deploy by the third quarter of the year.

“BEP-126 will integrate multi-signature based on BLS [Boneh–Lynn–Shacham] for the peer-to-peer (P2P) channel and attest the blocks to quickly settle the state of the blockchain.” The final confirmation time of transactions will be reduced to as little as two blocks, providing end users with a smoother cross-chain user experience.”