Members of the crypto community predicted a boom in the value of the Binance Coin (BNB) cryptocurrency immediately after the news broke that BNB Chain announced a second layer network scaling solution. Developers have announced the upcoming launch of zkBNB, a zero-knowledge proof-based technology that will increase network transaction speeds, improve security, and increase throughput.
Numerous traders have stated that the solution aims to address key issues inherent in any blockchain network. They wrote a lot of comments on social networks, where they assured that the Binance Coin cryptocurrency rate will steadily increase in the next few months. Many expect at least a twofold increase in prices.
The project developers emphasized that the zkBNB Testnet was launched on September 2, 2022, which allowed them to start interacting with the code and creating new decentralized applications. The programmers emphasized that the scaling of the blockchain network has long been a key problem for the entire industry. However, zkBNB aims to solve this and completely change the game for creators of innovative products in the GameFi and SocialFi industries. Services will be able to reach a new level of performance and interaction with their customers.
Users were thrilled to hear that zkBNB will offer developers a set of powerful REST APIs. This means that programmers no longer need to directly interact with smart contracts and worry about the security of their applications.