BNB Chain Announces Sidechains Similar to Polkadot’s Parachains
- Binance Chain (BNB Chain) will have its own sidechains.
- The sidechains will cater to more application-specific uses while increasing the scalability of BNB Chain.
- Binance Labs did not disclose further details regarding the sidechains.
Binance Chain (also rebranded into BNB Chain), the layer 1 blockchain that hosts Binance Coin (BNB), will have an upgrade that will help it scale better and accommodate more diversified applications.
Specifically, Binance Chain will introduce its BNB Chain Application Sidechain (BAS) to help it cater to more application-specific uses while increasing scalability. Basically, this is similar to parachains popularized by Polkadot and Kusama.
However, these BNB Chain sidechains do not necessarily function in exactly the same way as parachains. Binance Labs – the core development team behind BNB Chain – has yet to reveal all the details.
Nevertheless, they ruled out the possibility of these sidechains becoming equal layer 1 blockchains, which is the ca ...
Read more: https://coinquora.com/bnb-chain-announces-sidechains-similar-to-polkadots-parachains/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
