See which games and metaverses will be the first ‘sidechains’ on the web – Money Times

See which games and metaverses will be the first ‘sidechains’ on the web – Money Times

See which games and metaverses will be the first ‘sidechains’ on the web – Money Times
Check out the top three projects that will use the BNB chain sidechain builder tool. (Image: Binance/Blog)

BNB Chain, smart contract network Binancethis Tuesday (31) announced the launch of the BNB Application Sidechain (BAS) in the 2022 Network New Technology Plan.

To debut there, three projects have announced the launch of their mainnet (mainnet): they are the META Apes, Metaverse World and Project Galaxy projects.

BNB Application Sidechain (BAS), a tool for building sidechains (blockchains parallel to the BNB chain), is designed for the BNB chain community to build decentralized applications (dApps), games and metaverse.

The new sidechain framework aims to be a tool that makes it easier for developers to build dApps to launch their own blockchain exist crypto market.

The first game on the BNB Chain sidechain

As announced, three Dapps are ready for deployment on BAS, including Meta Apes (a game based on Ankr BAS), CUBE from Netmarble subsidiary Metaverse World, and Project Galaxy’s On-chain Achievement Token (built on BAS) )solution). NodeReal’s blockchain).

Additionally, MathWallet’s integration with BAS is designed to make it easier for users to connect to sidechains, and major protocols including Pyth Network Celer and Multichain continue to support BAS.

Taylor Shim, head of business at Meta Apes, commented that the team was able to quickly design a blockchain with its own rules, smart contracts and economic model.

“BNB Chain makes it very easy for us to enjoy a wide range of functionality through built-in tools (e.g. bridges, staking UI) and native integration with the rest of the BNB Chain ecosystem,” he said.

Sung Hun Kim, CEO of Metaverse World, commented that in order to bridge the gap between Web 2.0 and Web 3.0, more emphasis will be placed on blockchain interoperability and scalability, and builders will need infrastructure support.

For him, BNB Chain provides a very flexible framework for use cases such as GameFi, Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs)showing great promise in bringing the masses to the CUBE platform.

“As we reach global audiences through robust IP and virtual multi-platforms, BAS provides operational and technical support to easily manage the highly active population in our ecosystem.”

Project Galaxy co-founder Charles Wayn said “gamification” and other blockchain-based applications show no signs of slowing down and will continue to dominate the space.

“But we won’t be able to do this without a secure, scalable and interoperable infrastructure.”

How does the BNB Application Sidechain (BAS) work?

The tool connects to BSCs (BNB Smart Chains) through structures called bridges, such as cBridge and Multichain, allowing instant connectivity with the entire BNB chain ecosystem.

Patrick Degenhardt, VP of Marketing at BNB Chain Labs, commented: “BNB Chain has built a solid reputation for Dapps, attracting a very high user base – effectively reaching over 3 billion transactions to date.”

According to Degenhardt, the team’s mission is to bring Web 3.0 to 1 billion users. Therefore, innovative technological solutions are needed to allow the community to grow: “BAS is now launching to help support this goal.”

He said that BAS provides technical teams with great flexibility in defining parameters for building sidechains.

“Large Dapps such as gaming, social media or Metaverse designed to target large numbers of active users and transaction volumes, their own token economy, and low or near-zero transaction fees and a flexible set of validators represent groundbreaking use cases for BNB sidechains in the chain ecosystem,” he said.

The implementation of BAS is twofold: a sidechain with a proof-of-stake (PoS) verification algorithm and a second-layer solution technology rollups zkRollups (technology that compresses transactions outside the main network and sends them back after verification).

BNB chain
A network structure designed to provide tools for building sidechains on the BNB chain. (Image: BNB Chain/Disclosure)

The initial implementation of the framework’s main network (BAS Mainnet) is based on Ankr and NodeReal’s Proof of Stake (PoSA) network.

Zero Knowledge Aggregation (zkBAS) will be rolled out in stages over the remainder of 2022. zkBAS will accomplish this architecture for BNB, giving developers more options in terms of transaction speed, using BNB as a gas token, and increasing speed. Configuration.

The update comes after BNB Chain’s infrastructure partners Ankr, Celer and NodeReal launched the BAS testnet in March 2022 according to BNB Chain’s 2022 roadmap.

Join us on Telegram!

Join the Crypto Times group on Telegram. You can access news from the crypto world in real-time and even participate in community discussions. Join the Crypto Times Telegram group now!

Leave a Comment

Your email address will not be published.