{"id":64070,"date":"2022-09-08T16:05:15","date_gmt":"2022-09-08T09:05:15","guid":{"rendered":"https:\/\/wikibinance.com\/?p=64070"},"modified":"2022-09-08T16:05:15","modified_gmt":"2022-09-08T09:05:15","slug":"bnb-chain-launches-zkbnb-scaling-technology","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/news\/bnb-chain-launches-zkbnb-scaling-technology.html","title":{"rendered":"BNB Chain Launches zkBNB scaling technology"},"content":{"rendered":"

BNB Chain Launches zkBNB<\/strong><\/h2>\n

BNB Chain<\/a>\u00a0has announced\u00a0zero-knowledge proof<\/a>\u00a0scaling technology, zkBNB.<\/p>\n

BNB Chain is one of the most widely accepted layer 1 blockchains, storing over $5.4 billion\u00a0in total locked value (TVL)<\/a>. According to DeFiLlama’s rankings, as of the time of writing,\u00a0BNB<\/a> Chain ranks at the third position across all chains. One of the problems BNB<\/a>\u00a0encountered was delays in the processing and completion of transactions. zkBNB will significantly reduce transaction times, make apps work better and provide a better user experience.<\/p>\n

<\/figure>\n
\"BNB
BNB Chain launches zkBNB scaling technology<\/figcaption><\/figure>\n

The goal of zkBNB is to maintain security from the base layer while using ZK SNARK for faster transactions per second (TPS). Therefore, transaction costs are lower and scalability increases.<\/p>\n

The testnet for zkBNB has gone live on September 2, and its main network launch goal is before the end of 2022.<\/p>\n

Zero-knowledge proof technology<\/h2>\n

Zero-knowledge proof is not a new technology. In fact, it has existed for more than 30 years, since 1985.<\/p>\n

In the Endgame article, Ethereum Vitalik Buterin highlighted zero-knowledge proof as one of the possible solutions for decentralized blockchain scalability. It is a scalable cryptographic technology and privacy that allows to validate the completeness and accuracy of information without revealing any relevant data.<\/p>\n

\n
\"zkBNB
Zero-knowledge proof technology increases blockchain scalability<\/figcaption><\/figure>\n<\/figcaption><\/figure>\n

However, the implementation of zero-knowledge proof in cryptocurrencies is a relatively new solution. ZK SNARK was first implemented by Zcash, a\u00a0fork<\/a>\u00a0of bitcoin, in particular, recently ZK SNARK has made a big impact in the community with the application of elliptic curves, ensuring high security and long-term scalability.<\/p>\n

>> Relalted:\u00a0Binance account registration guide update 2022<\/a><\/em><\/p>\n\n\n

\n \n
\n \n
\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n <\/div>\n \n
\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n
\n \n\n
<\/div>\n <\/div>\n <\/div>\n<\/div>\n \n\n
\n Rate this post<\/span>\n <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

BNB Chain Launches zkBNB BNB Chain\u00a0has announced\u00a0zero-knowledge proof\u00a0scaling technology, zkBNB. BNB Chain is one of the most widely accepted layer 1 blockchains, storing over $5.4 billion\u00a0in total locked value (TVL). According to DeFiLlama’s rankings, as of the time of writing,\u00a0BNB Chain ranks at the third position across all chains. One of the problems BNB\u00a0encountered was […]<\/p>\n","protected":false},"author":28,"featured_media":64040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[392],"tags":[1494,4266,4265,4267],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/64070"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=64070"}],"version-history":[{"count":2,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/64070\/revisions"}],"predecessor-version":[{"id":64072,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/64070\/revisions\/64072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/64040"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=64070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=64070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=64070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}