BNB Chain sets out strategy to improve decentralisation and enable dApps
According to the statement made by the world’s biggest cryptocurrency exchange by volume, the strategy for the year will place a priority on making transactions go through more quickly and improving support for decentralised apps (dApps).
According to the company’s 2022 technological roadmap, which was published on Tuesday, BNB Chain is trying to provide end customers with greater capacity, less congestion, and the ability to complete transactions more quickly.
According to the announcement made by the firm, Binance has plans to raise the number of mainnet validators from 21 to 41 in an effort to provide incentives for existing validators to innovate.
As Binance Chain expands its operations in order to capitalise on the metaverse and GameFi movements, a number of decentralised applications (dApps), such as META Apes and Metaverse World, will launch on the BNB Application Sidechain.
A move toward the metaverse and decentralised finance, which the business refers to as the “MetaFi” environment, was behind Binance’s decision in February to rename its two blockchains under the name “BNB Chain.”