BNB Chain, a Layer 1 blockchain established by cryptocurrency exchange Binance, intends to introduce sidechains to reduce transaction costs and boost transaction speed for resource-intensive applications such as gaming.
The BNB Chain Application Sidechain (BAS) would enable developers to migrate data and assets from BNB Chain, alleviating pressure on the network’s limited transactional capacity, a Binance representative told The Block in a statement, without naming a debut date. Additionally, these sidechains will be application-specific, with each sidechain focusing on a distinct use case.
“The BAS is an infrastructure that was established to assist developers and node operators in developing and operating their own blockchain as their internal value system for a large number of users while remaining connected to the BNB Chain,” the spokesman explained.
When BNB Chain relaunched to its current name in February 2022, the team stated that it intended to embrace large-scale applications in areas like as GameFi, SocialFi, and the Metaverse. Sidechains may aid in accomplishing that goal.
Apart from hosting BNB Chain-compatible decentralized applications, BAS will also have the ability to function independently. As a result, teams can choose their validator set based on their security requirements rather than relying on the mainnet protocol. Finally, the spokesperson noted, any development team would be allowed to deploy their own BAS on the network.
Ronin, a sidechain on Ethereum dedicated exclusively to Axie Infinity’s play-to-earn game, is a fair comparison to BAS. Other Layer 1 blockchains, such as Polkadot, Avalanche, and Cosmos, also feature ecosystem-specific chains, however these are not often called sidechains.
Binance Labs, the BNB Chain’s main development team, will shortly release technical information about the very first BAS testnet, which will focus on GameFi.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
