Blockchain

Binance’s Blockchain Network BNB Chain Shares Its Year-Long Roadmap

Outlining plans for faster and lower-cost transactions as well as integration with non-DeFi applications.

Blockchain

Binance’s Blockchain Network BNB Chain Shares Its Year-Long Roadmap

Outlining plans for faster and lower-cost transactions as well as integration with non-DeFi applications.

In a tweet Tuesday, May 31, Binance’s blockchain network BNB, shared a detailed look at its 2022 roadmap. Plans outlined included faster, lower-cost transactions and potential integration with non-decentralized finance (DeFi) applications in the form of data storage.

BNB which was formerly known as the Binance Coin stands for “Build and Build,” it acts as the blockchain gas token for transactions on the BNB chain. In February, the already existing Binance Smart Chain (BSC) and BNB became one and the same — the cooperating chains allow for increased DeFi solutions for its users.

Aside from faster and lower-cost transactions, the new roadmap also noted that work on multi-chain integrations is also underway. To achieve this, the BNB Beacon Chain will become open-source, stating that it will help to drive innovation, save time and resources, as well as make it easier for builders to create products that benefit end-users.

Controlling company Binance has also been involved in other initiatives this week with the opening of its approval for operation in Italy and its newly announced Crypto awareness tour in Africa.

The exchange continues to “Build and Build” as cryptocurrency adoption increases globally and is doing so in part with its newly established $500 million USD Binance Labs Fund, which focuses on Web3 investments.

In other Crypto news, Shiba Inu founder steps down from the community.

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