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BNB and Optimism Synergy: opBNB Mainnet Launches with a Vision for a Billion Web3 Users

The highly anticipated opBNB Mainnet has gone live on September 13, 2023. Founded on the pillars of scalability, security, and cheaper transaction fees, opBNB’s inauguration is poised to bring another one billion users into the realm of Web3.

opBNB is distinguished as an Ethereum Virtual Machine (EVM)-compatible Layer 2 chain rooted in the Optimism OP Stack. This mainnet launch signifies a crucial step towards widening blockchain accessibility through reduced gas fees.

The odyssey to the opBNB Mainnet began with its Testnet launch on June 19, 2023. With over 35 million processed on-chain transactions and connections to more than 435,972 unique wallet addresses, the Testnet phase has been commendable. Other notable Testnet statistics include an average block time of roughly 1 second, processing of over 86,000 daily blocks, a daily transaction range of 100-150K, engagement with an active community of over 6,000 daily users, and the deployment of 150+ dApps.

opBNB’s Mainnet stands out with unique offerings. The Layer 2 gas costs plummet to a mere 0.2 gwei, and transactions can go as low as $0.005 per transfer. Among its security protocols, opBNB adopts a trustless approach that doesn’t make assumptions about the Sequencer. It ensures all transaction data is verified across all full nodes on the BNB Smart Chain. To ensure comprehensive network security, opBNB has already met crucial Mainnet genesis criteria. These include a high availability solution, peak performance of 4K transactions per second, stress testing, and consistent internal and external security audits. The Mainnet launch has been accompanied by over 150 projects pledging integration or development on the opBNB platform.

opBNB’s commitment to its developer community has been unwavering. By partnering with top-tier infrastructure and tooling providers, the user experience on the opBNB network has been notably enhanced. Moreover, community engagement initiatives such as the Hackvolution hackathon brought forth over 500 project submissions on the opBNB Testnet.

Post Mainnet launch, opBNB’s emphasis will be on strengthening network resilience and decentralization. Some of the future-focused initiatives are delving into the OP Stack framework to bolster the efficiency of their fraud-proof system, a strategic move to simplify network interactions, ensuring smooth data transitions and fostering an integrated ecosystem for developers, and a mechanism that intends to boost fairness and mitigate risks associated with centralization.

In conclusion, opBNB’s launch signifies a new chapter in blockchain technology, driven by accessibility and innovation. With a vision to welcome the next billion users to Web3, the opBNB network is set to redefine blockchain’s landscape.

BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees

Key Takeaways

BNB Chain and MetaMask have resolved a glitch that made opBNB’s gas fees appear unusually high.

The issue was due to MetaMask’s default minimum recommendation price for gas, which was not aligned with opBNB’s lower gas fees.

The corrected algorithm now accurately reflects opBNB’s lower gas fees, offering users fast, cheap, and secure transactions.

The Glitch Explained

MetaMask had initially set a default minimum recommendation price for gas based on the average of all networks. While this approach generally works for most Layer 1 (L1) and Layer 2 (L2) networks, it did not align with the gas price structure of opBNB. As a result, users were under the impression that opBNB was more expensive or slower than it actually is.

Collaboration for a Solution

BNB Chain reached out to MetaMask to address the issue. MetaMask was “extremely helpful and agreed to update their algorithm to accurately reflect the true opBNB gas price,” according to BNB Chain’s official statement. This collaborative effort led to an immediate solution, ensuring that the gas fees displayed are now in line with what opBNB actually charges.

Verifying the Fix

Users can verify the corrected gas fees by switching to the opBNB network on MetaMask and comparing the gas fee with other networks. The update aims to provide a more accurate representation of opBNB’s competitive advantage in terms of lower gas fees, especially when the network is not congested.

Implications for the Web3 Ecosystem

The resolution of this glitch is a significant step towards building a more robust and user-friendly Web3 ecosystem. It not only saves users money, time, and energy but also supports a decentralized and scalable blockchain.

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BNB Chain Resolves BscScan Lag Issue, opBNB Still Undergoing Fixes

BNB Chain have caught the attention of users and investors alike. BNB Chain, a prominent blockchain network, experienced a noticeable lag in its BscScan and opBNB mainnet browsers. This issue was initially announced on social media platforms by the BNB Chain team, highlighting the challenges faced by the blockchain infrastructure.

As of the latest updates, the lag issue with the BscScan browser has been successfully resolved. However, the opBNB browser is still undergoing fixes to address similar issues. The cause of the lag was attributed to a significant surge in opBNB transactions, which led to delays in their inclusion in the blockchain. This unprecedented increase in transaction volume created a bottleneck, affecting the performance of the opBNB browser.

The BNB Chain team has assured that the Binance Smart Chain (BSC) itself remains unaffected by this issue. For users whose transactions have not been included in the blockchain, it is advised to retry the transactions. Additionally, the BNB Chain team recommends using BSCtrace for real-time transaction updates during this period. This tool can provide users with the latest information on their transactions and help mitigate any inconvenience caused by the ongoing issues.

The BNB Chain team is actively working to resolve the issues with the opBNB browser as swiftly as possible. In the meantime, they have advised users to stay updated through reliable tools like BSCtrace. This proactive approach by the BNB Chain demonstrates their commitment to maintaining a robust and efficient blockchain ecosystem.

The resolution of the issue with BscScan and the ongoing efforts to fix the opBNB browser reflect the dynamic nature of blockchain technology and the importance of prompt technical support in ensuring a seamless user experience.