In its 2024 outlook, BNB Chain is aiming to drive mass adoption of cryptocurrency through various innovations in different industries. The blockchain ecosystem will focus on decentralised finance (DeFi), gaming, and artificial intelligence (AI) to achieve this goal.
To support its efforts, BNB Chain has identified key areas such as Decentralized Physical Infrastructure Networks (DePIN), Decentralised Society (DeSoc), and the Web3 economy. These initiatives will help create a thriving crypto ecosystem and encourage further adoption.
To achieve its goals, BNB Chain will utilize a unified approach called “One BNB”, which leverages its layer-1 platform, BNB Smart Chain (BSC), layer-2 scaling solution opBNB, and decentralised storage chain Greenfield. This strategy will enable seamless interaction between various decentralised computing and storage solutions.
In addition to this, BNB Chain will also focus on increasing decentralisation by implementing new governance, MEV mechanism, and staking on BSC as the BNB Beacon Chain is phased out. The ecosystem will also see upgrades to enhance the data storage and processing capabilities of Greenfield, including features like atomic update, paymaster, and data availability layer.
To engage and bring a diverse and vibrant blockchain community, BNB Chain will organize hackathons and other events to spark innovation and collaboration.
In 2024, BNB Chain envisions BSC’s gas limit to remain at 140 million, while opBNB’s gas limit will increase to 200 million from 100 million. This increase will also lead to a significant decrease in gas fees, making transactions more cost-effective. BNB Chain aims to achieve 10,000 transactions per second (TPS) on opBNB by 2024.
The BNB token is the native token of the BNB Chain ecosystem, and its value is expected to increase with the ecosystem’s growth and adoption.
In conclusion, BNB Chain’s 2024 plan is to drive mass adoption of cryptocurrency by focusing on key innovations in DeFi, gaming, and AI, while also promoting decentralisation and a diverse blockchain community. The unified approach of “One BNB” will help achieve these goals, with the BNB token at its core.
