BNB Chain: Onboarding the Next Billion Users in Web3

Junction
2 min readOct 7, 2022

BNB Chain is a community-driven, decentralized and censorship-resistant blockchain, powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem. It is the world’s largest smart contract blockchain in terms of transaction volume and daily active users.

BNB Chain has processed 3 billion transactions to date from 163 million unique addresses, bringing developers massive user access with ultra-low gas fees and zero downtime since inception. The ecosystem has more than 1,300 active dApps across multiple categories such as DeFi, Metaverse, blockchain games, NFT, and more.

Broader Ambitions

The goal is clear for BNB Chain. We are doing all we can to help developers build dApps that scale and offer prospective users a seamless experience, making onboarding in Web3 an easy proposition. We understand that for mass adoption to become a reality, we need to see dApps that make a tangible difference in the lives of users.

This year, BNB Chain will have 30 times the computing power of Ethereum and will be actively working on decentralized storage solutions. As a result, blockchain technology will be increasingly integrated into real-world applications.

The comprehensive aims are clear:

  • Decentralization
  • Faster Transaction Speed
  • Multichain Integration
  • Increased Support for Developers
  • Sustainability

These aims are being realized with each passing day. The recent BEP-131 proposal has increased the number of BNB Smart Chain Mainnet validators from 21 to 41. This provides more decentralization and incentives for validators to constantly innovate their hardware and infrastructure.

Alongside this, BNB Beacon Chain is now open-source and accessible for developers to build on.

Benefits include:

  • High-Speed Order Book Based DEX
  • Quick Transactions
  • Blockchain Interoperability

We understand that having the biggest user base in the industry comes with a lot of excitement and potential. Equipping innovative builders with the necessary tools to create dApps that will meet the needs of our exciting community is pivotal for us.

BNB Chain at Junction

Our attendance at Junction marks our ambition to be a global hub for Web3 innovators throughout the world. We believe that events like these offer an opportunity for us, innovators and users to keep working toward exciting products. The challenges we bring to be solved are tied to the real-world trials the technology experiences and we can’t wait to see what the extraordinary minds at Junction come up with!

We’re hugely excited to be a part of Junction and look forward to seeing you there.

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Junction

Bringing together developers and designers from all over the world to create with new technologies: hackathons and tech events around the year and the world!