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What is opBNB?🎙
Recorded: June 29, 2023 Duration: 1:04:01Space Recording
Full Transcription
So, that's why we are here tonight as well to see how we can scale and make transactions
faster and cheaper as well, especially if we want to build new use cases.
I think that's one of the targets for OPMB as well.
And so, yeah.
So, yeah.
So, yeah.
We're going to be able to bring it back.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, you know, how does this, you know, how does this contribute to the, you know, how does this, you know,
how does this, you know, how does this, you know, how does this contribute to the broader L1 and L2 and L2 open source ecosystems?
Is this tech something that is tech something that other EVM compatible chains can leverage?
Yeah.
Yeah.
So, yeah.
So, yeah.
Yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
So, yeah.
And potentially through the L1 as well, because within BSC L1, we do have a lot of innovation happening as well, and a lot of new BEP which are getting proposed, like, actively on the forum.
So hopefully we'll be able to bring some innovation to the other L1 and especially L2 as well.
So that's one of the reasons as well by choosing OPStack, which is open source.
And hopefully we're going to keep OPBNB open source as well.
And we'll be able to bring some key innovation that we are currently testing within our testnet.
Hopefully we'll be able to bring it back to OPStack.
And this can potentially leverage the whole Layer 2 ecosystem.
And in building on that, can you explain how OPBNB optimizes the EVM state data access?
Could you just repeat, I think, about just cutting a bit?
Yeah, sure.
So the question I have is, how does OPBNB optimize the EVM state data access?
Right.
So we are optimizing it basically by cutting, let's say in multiple parts, the data access within OPBNB, the data itself.
So we have what is called a boom filter, which has been optimized as well to really make it easier to active, to access those data within OPBNB.
One of the main innovations as well we worked on is basically that when you have specific data access in specific layers or database,
you need to have specific key to access the data at a specific location.
So all of the rules has been, let's say, rewritten within OPBNB to really ensure that we have a higher accessibility of the data,
which is helping us as well for this higher throughput.
Andrew Forte.
Thanks, Noah.
Arno, we appreciate you and your team joining us today.
Arno, really quickly.
So obviously there's a ton going on.
You guys have a ton of great stuff coming out.
So I think this is great for the marketplace.
I think this allows me a ton of competition in the marketplace with all the current OPs.
So I'm super excited about this.
To you, Arno, obviously this question is subjective.
What are you most excited about OPBNB?
I think I'm most excited to see more builders on top of BNC.
So we definitely do have a lot of users, active users.
We have a lot of builders as well, but those builders, maybe they're not innovative as much.
So, I mean, they are innovative, not take me wrong.
But I think with this OPBNB, we are really looking for more new use cases, let's say.
So we know that, let's say, layer one or current layer two are still a bit expensive.
But if we want to reach the, let's say, one billion user, it's not about like just with the current ecosystem.
We really need to build new use cases that can be used by everyone on a daily basis.
So to be able to build those new use cases, we do need to have new layers, which are really able to achieve a fast throughput and a low transaction cost.
Because with a high transaction cost, it's almost impossible to deliver, let's say, specific use cases, which are in need of, let's say, daily transaction.
So I think that's where I'm most excited about OPBNB, is really to potentially, like, for builders to find new use cases that were not able to be able to deliver now due to the cost.
But right now, with this potential, like, OPBNB, with this low transaction cost and high throughput, I think we can achieve new use cases in Webstream.
What do you mean exactly by that question, if you could rephrase it?
It is still the most heavy chain in terms of transaction volume, correct, BSC?
If I'm correct, that's currently still the case, right?
I think we are, I don't know exactly, I think one million active daily user.
So definitely, in terms of user, we are still the most active one, if I'm correct.
In terms of transaction, I would need to look into the data to be exactly sure.
But it's definitely, like, challenging.
We do see, like, low transaction cost as well on the layer one.
So it is, let's say, already a good usage that we are having right now.
But definitely, like, we want to achieve even further activity.
So to be able to achieve that, we do need to find scalable solutions as well.
That's awesome.
Let's listen to my next question.
Do you guys have any, I guess, team internal predictions for how scalable OPP could be with potential next run-up of the next board one?
Probably, let's say, in a rough time frame of 12 to 15 months from now.
I think the time frame that we are trying to achieve is going to be much faster than 12 months from now.
It's really, like, one of the main activities as well from our dev community and for, like, the internal devs as well.
We want to really make sure that this scalable solution is, like, going to be ready, like, as soon as possible.
Because we really believe that we need to be ready for what's going to happen as well in terms of activity.
So we do have, in the past, kind of some high activity within the other one.
And we saw, let's say, some scalable issue as well.
So we really want to make sure that we are able to achieve with OP BNB something that is robust.
And on top of that as well, we are looking to a ZK BNB or other solution as well.
So we are trying to explore as well all those potential, let's say, scalable solution.
And by working more into OpenStack, like OP Stack and OpenSource protocol, we hope that the overall community is going to be able to work together as well to achieve even further and more innovation.
Arno, what was the, I guess, the initial process, thought process that actually, I guess, inspired the team to create OP BNB?
If you can walk us through it, that'd be amazing.
Sure. So the initial process was really like looking to what kind of stack would be easy to, let's say, build on for developers.
Something that they already know that has already been badly tested, where they can easily migrate that token, their NFT, or the already existing solidity contract results.
Let's say, writing new logic or learning something new.
So this is where OP BNB is entering the phase where for developers, it's going to be easy to migrate or to build on top of it.
So this is one of the reasons we chose as well, the OP Stack to start with, because we believe that it was really the right choice for developers to easily migrate apps from the layer one to the layer two.
So I think this was the main, let's say, argument for choosing OP Stack when we decided to build OP BNB.
All right. So obviously, there's a ton of people listening as well to the space.
And I assume a large portion of those people are very familiar with BSC.
Obviously, we do have the average user that comes in.
It's new to crypto and, you know, not so much new to Twitter, but obviously they're here, they're learning, they're listening.
So what should they be excited about from a consumer standpoint, as well as an operational standpoint, that gets them excited about OP BNB?
What should excite them about this?
What can they do with this?
How can they build on it?
What are all the benefits of this for them, for their personal use, investment use, whatever it may be?
I think in terms of use, like what they can be really excited about is really to be able to have a, let's say, platform where they're going to be able to interact with Web3 with a low cost.
Now, I think that's something that is really interesting for like OP BNB and especially for developers.
We see already nowadays a lot of, let's say, projects on the BSC, let's say, sponsorizing transaction for the transaction cost for the users, for the community.
So this is something that is still a bit complex, let's say, on Area 1 because it has a high cost, maintenance cost for project.
So migrating, let's say, to Area 2, we believe that it's going to be even easier for project to sponsorize transaction cost on behalf of the user.
So I think for users, it's going to be really interesting to really interact more with Web3 on a daily basis, let's say, for gaming, socialize, or DeFi as well.
So all of those tools are going to be like more accessible for a wider community due to the low cost of transactions.
So I think this is really something that is exciting us, that we're able to provide such a platform which can be used by the majority of people.
Awesome. Thanks, Arno.
Noah, back to you.
Yeah, so just taking a pause here, Arno, is there anything so far that we haven't asked about OP BNB that you find important to highlight?
Maybe on the technical part, I assume there's a few innovations as well that we try to bring to the OP stack.
So, for example, the mining process optimization.
So we've worked heavily on, let's say, optimizing the performance.
As I said before, from the cache layer where we saw the execution results, this has been already optimized.
But as well, the mining, let's say, logic, like the process of mining L2 block into OP stack is something that we've as well heavily worked on
and like add some innovation into it to basically as well bring to produce more block on the layer two as well.
So this is something that is helping us to lower the block time.
So as I said, it's like two seconds for OP stack, but for OP BNB, it's like one every second.
So this is something that is helping us as well to produce block on a more frequent basis.
And still, by having this gas limit, which is quite high, we're able to provide a lot of tools for developers.
And there's currently a bridge available to...
Right. On the testnet, there is going to be a bridge which is available.
So you can easily bridge your TPNB and if I'm correct, any other, let's say, community token which are on the testnets.
I don't have the address in my head, but there's something that we can probably be penis, waterless tweets.
But we do have currently like a bridge which is useful.
And what kind of activity is currently happening on the beta?
I think we have a lot.
So we had a lot of projects which reached out to us in like understanding how they can potentially deploy on OP BNB.
So a few of them are currently like heavily like testing it out, seeing how they can easily migrate, let's say, the current development tools that they have.
And like way of deploying contractors were like from the main layer to the OP BNB.
So currently, we have a lot of testing happening, let's say, on the deployment phase.
And hopefully, starting next week, we'll have like a few projects which are going to be able to get live on testnet to really let the community test it out and see like the benefit of it.
Forte.
Thanks, Noah.
Arnold, so what does this mean for games?
Why is OP BNB important for gamers and games?
It's really important because like for a lot of games, they are trying to, let's say, abstract Web3 for the user,
which means that they don't necessarily want user to sign, let's say, a transaction every time that there's an activity.
So usually, they try to batch action of a specific game within, let's say, one or two transactions.
And then they are the ones pushing the transaction on chain on behalf of the user.
So usually, those projects are the ones which are, let's say, handing the cost of the transaction.
And they might as well, due to the high cost, they might not want to move all the assets on chain, for example.
So this is something that we've seen like a few projects maybe, they don't want to put everything on chain because it has a high cost.
So thanks to such a solution, they are going to be able to provide more Web3-oriented experience,
which means more assets that can be managed directly using NFT standard or more frequent transactions to be able to reward users as well by more token.
For example, like every time you do an action, you can get token directly within your wallet instead of waiting a certain amount of time before you can get it.
So we've seen that it can increase the overall activity on chain, thanks to having a lower cost for the transaction itself.
Awesome. So obviously, it's a very scalable model. Arno, obviously, is an L2.
So right now, currently standing, how does someone get to build an OP B&B?
Is it there's an application? What's the barrier to entry for anyone listening that wants to get involved in ASAP?
Because I do predict that maybe some of these teams, some of these brands that are building on other brands, building on other blockchains, rather,
are probably going to revert here or make it kind of, you know, cross-chain, so to speak.
Sure. I mean, I think it's going to be quite easy for, like, to experience our advanced developer or intermediate developer as well.
Because it's going to be quite as smooth as developing on traditional N1, for example.
We do have a website with documentation with, like, some more tutorial on explaining as well how to potentially, like, deploy on OP B&B.
But it's as easy as just, for example, changing your RPC connector.
As long as you have your wallet on the layer 2, which is funded with some test token, everything should run smoothly as well.
It's going to be quite seamless at the end.
We do have the documentation showing as well the initial steps, but it should be quite seamless.
And if anyone has any issue, like, feel free to reach out in our Discord, where we have a lot of, let's say, community developers which are helping each other as well.
So we're for sure going to find someone, like, who can help you as well to set it up.
That's awesome. Arno, is there any incentives, I guess, so to speak?
I think, obviously, you know, there's certain incentives for, you know, users, consumers, whatever it is, active listeners currently listening right now to use other test nets, like, whether it be through Arbitrum, whether it be through, you know, some of the other ones that are currently in existence, OP, whatever it may be.
Are there any current incentives for users, consumers listening right now to currently use the test net?
I think the incentive is, like, to really be able to really understand how it's working.
You know, when there's any new technology, it's always good to be using the first people to learn about it and to really, like, manage it well.
Because, as we know, like, for a builder, the first mover advantage, I think, is always here, especially in this space as well.
So, definitely, like, being able to really utilize the capacity of OPBNB is going to be quite good for developers or users as well to really understand how to interact with it, how to move, like, from utilizing the bridge as well, how to move assets from one layer to the other.
I think that's going to be quite interesting.
I just want to make clear as well that it's not going to be, we're not going to have any airdrop, like, just to make sure that people don't think about it.
But just in terms of, like, why would you want to test the test net now, I think it's really to be able to understand, like, what's happening, give feedback as well, to make sure, like, especially for developers, like, all the feedback that we collect now can be implemented right now as well before we go to main net.
So, it can really ease your development and your interaction in the future for OPBNB as well.
Awesome. That's current I was leading with, Arno. I'm glad that you said it.
Obviously, people are, you know, surfing the web, surfing crypto, Twitter, surfing these different, I guess, platforms to kind of find, you know, test ones that are currently live and looking for the incentives to actually start using them.
And obviously, one of those incentives is airdrop, but I'm glad that you had mentioned and you had touched upon that.
Arno, so I'll say this. So, we do have a lot of builders in the space currently, so I'm listening right now.
Their room is filled with about 300 plus people that are currently active listening.
So, how would you, in a short, quick pitch, incentivize these people, these consumers, these builders, these operators, to come build on the L2 of OPBNB?
In a really, let's say, 60-second to, you know, 80-second pitch, why would they want to come build on OPBNB?
I think you want to build on OPBNB, not only for OPBNB itself, but for the whole BSC ecosystem.
I mean, we do have, like, as we mentioned previously, one of the most active, if not the most active, let's say, L1 out there.
So, we definitely have a lot of users, big community, which are here for project to easily attract users.
It's quite difficult nowadays when you build a project to have users which are using it.
But, thankfully, on the BSC ecosystem, it's quite, let's say, easy to attract users because we do have such a high activity that usually whenever there is a new project popping up, people are here and they are trying it out.
They are really keen on, like, exploring what kind of new dApp has been delivered.
We have Dappay, which is basically showing as well all the dApps.
We have PancakeSwap, which is really helping as well for a specific project to show what they've been able to do.
So, I think this is really one of the main reasons to build on OPBNBits, really for the ecosystem that we have.
We have as well, like, Greenfield Testnet, which is currently in Descent, which is our, like, storage, like, decentralized storage network, which is really going to be able to help project as well to really monetize data on-chain.
So, I think, like, all of this ecosystem is something that is really something that can be really leveraged by builders.
And, of course, like, right now, for all the people which are testing the testnet and building projects on the OPBNB testnet, we usually give a retreat as well and some nice visibility.
So, I think that's a good additional value as well right now.
That's awesome. Thank you, Arno.
Noah, back to you.
Yeah, so, I was, you know, reading that the number of daily transactions, which are possible, exceed even that of Visa, MasterCard, Discover, and American Express.
Arno, what do you think that means, you know, once you guys get this thing up and running and available to the mass public, what do you think that means for institutional adoption and the kind of dApps that we could see potentially built on top of OPBNB?
Sure. I know a lot of people are always looking to, like, Visa or MasterCard in terms of transactions, but I think this is really a slow network because when we look into Web3, we have, like, such a big potential, like, use cases as well.
Like, for example, Visa or MasterCard is only one specific use case of what Web3 can be with, like, payment, for example.
So, we definitely, like, need to achieve more scalable solution.
I think it's still a journey.
We are only at the start, I believe, like, you know, like, decentralized network.
I mean, it's been a while that people are trying to build, like, blockchain type of network, like Bitcoin, let's say, was the first one we really worked out, let's say, out of a specific amount of time.
And then we had Ethereum, and now we have, like, a lot of other L1 and EVM compatible, we have BSC, we have other ones.
We are all trying to bring new solutions for developer.
But nevertheless, on the Layer 1, we still have, like, a lot of scalable issue.
But even with Layer 2 nowadays, we do feel that there's potentiality of, like, finding solutions.
But it's still a long road ahead of us.
So, it's definitely, like, not the main solution.
And we still need to build a lot of new innovation within Layer 2s and Layer 1s.
So, like, if there's any, let's say, hardcore developer, we are welcoming as well hardcore developer to really help us to scale even further the L1, which can then help us in the underlying technology, help us scale as well L2s.
But I think it's, like, a long way to go, because, like, as you mentioned, we do see potential, like, a lot of use cases.
We had NFT recently, we had the DeFi wave.
And those are only, let's say, two big waves.
But in the next few years, we're going to have, like, 10, 20, 30 new waves per year, like, with different use cases.
So, we need to be ready, and we need to be able to build and test out all this technology right now to hopefully be able to be ready in the next few years.
You have a number of different ways for the greater community to participate, events, MVB program, hackathon developer programs, Martian program, Bug Bounty.
Are there some of these that you felt are important to highlight?
I think hackathons are really interesting, especially for developers.
Like, because usually it's, like, small tracks where they can easily, let's say, try to build something.
And it's not only, like, even if you participate, but don't build on that track.
Like, if you deliver something else, it's, like, already something where we can, we are able, like, to see what you are capable of, and you are able to get in touch with our team as well.
So, definitely, like, I suggest everyone to join hackathons, which can be really interesting.
The MVB program is a bit more advanced, I would say.
So, usually it's, like, once people have done, like, a few hackathons, they are then potentially able to participate to the MVB program.
But, definitely, like, we have this hackathon, and especially, I would say, join our Discord, where, like, we have a lot of developers, which are trying to develop together and build, like, more advanced tools.
So, we do, we are quite active, as well, on this channel.
So, usually we are able, as well, to try to guide projects and try to discuss with them and see how we can collaborate together.
We had the BNB chain team come on, I feel like it was a few months ago, but they talked a lot about BNB Greenfield on that broadcast, and you did mention decentralized data storage a bit earlier.
How does Greenfield fit into OPBNB?
Yeah, exactly.
Like, we launched that testnet, I think, a few months ago, and we are still, like, heavily testing it as well.
So, I would suggest people to go check our documentation.
So, like, as we try to bring, let's say, with Greenfield, a more, a new model for data, let's say, monetization over Web3.
So, right now, for example, with IPFS or other solutions, it's more, let's say, a storage solution, but it's not something you can really monetize, because you cannot necessarily, like, add programmability on top of it.
So, this is something where we try to bring with Greenfield, where you can, let's say, add programmability on top of data ownership, for example.
So, you can monetize, potentially, your data.
So, where Greenfield, for example, can help OPBNB or other layer one is really, like, for example, on the states of the ledger, for example, where, potentially, like, for OPBNB, as we know, we have roll-ups.
We have specific states that need to be saved, somewhere where people can push fraud proof or other stuff.
So, this is something where, potentially, we can store all of those data in a more web-free decentralized network to make sure that everyone can have access to it and can see, as well, the history of it.
So, before I pass the Forte and then, afterwards, open up the floor to audience questions, same follow-up questions, same question, but for ZKBNB.
How does ZKBNB fit into this puzzle?
Right, so, I think ZKBNB is maybe more on the specific use cases, which is more for NFT and token transfer, let's say.
So, we are still in testnet, as well, for the ZKBNB, but we do have, let's say, NFT marketplace, which is integrated within it.
So, I think it's more, let's say, on a specific use case of a specific, let's say, technology using Web3, which is more, let's say, token transfer or NFT.
So, I think it's more, let's say, vertical, where OpenBNB is more, like, global, where you can really develop your own smart contract and deploy it there directly.
So, I think it has different use cases, but definitely, there is place for both, I believe.
Andrew Forte.
Awesome. Thanks, Noah.
So, Arno, I do have two quick questions, and we will probably open up the floor after them.
I know Captain's up here, as well.
So, Arno, my first question is, you know, obviously, you know, there's a lot that's, you know, in the pipeline that's currently being, you know, established in the works, internal meetings, all that great stuff that we love to do within business.
I assume that there is a, quote-unquote, roadmap, using that word that's been overused the past couple years, for OPBNB, correct?
It's overused.
It was quite fun.
There is a slight roadmap, of course.
So, I think, right now, it's really about testing, about having, let's say, discussing with projects, which are basically trying to deploy on it.
So, we are actively, let's say, discussing with different projects to see, like, the feedback that they have, if they have any challenges when they want to deploy or when they want to run transactions.
Like, monitoring, as well, what's happening, trying to battle test, stress test it.
So, I think this is mainly what's happening right now.
I don't think we are working on more innovation.
Let's say, we are really trying to achieve, like, the innovation we brought within the OPBNB, we really want to battle test it now, before we potentially launch a mainnet.
Now, I think we are already having a good stage within the testnet right now.
So, I think now it's really about, like, battle testing it and stress testing it, making sure that everything is secure, and then we're going to be ready for maintenance.
Awesome. Thanks, Arna.
I was about to go fishing here and ask you a couple things in terms of if you can disclose anything in terms of, I guess, the rest of the 2023 roadmap.
Obviously, we are about midway through the year.
Is there anything else that you can kind of maybe not set an exact day for or month for, but maybe allude to or kind of say, obviously, disclose of things that you can say with the future of OPBNB and the roadmap that is set for 2023?
And I think on the roadmap for OPBNB, I don't know if we have something on our GitHub, but we need to look into it.
But overall, for the BSC ecosystem, we do have, like, published frequencies on roadmap as well.
Most of it is on our GitHub.
So, for example, for the BSC layer 1, we do have the fast finality.
We already deployed the phase 1.
We are going to deploy a phase 2 in July.
So, this is really going to increase as well the finality within the layer 1, which is the BSC.
So, as you know, the finality is really something that is important as well in the blockchain concept.
We are working as well heavily on what we call the state expiry.
So, as you know, like, blockchain or the ledger itself is quite increasing in size, especially when you have such a big infrise BSC, where you have, like, a block every three seconds.
And a lot of gas limit as well, like, blocks are quite heavy.
So, how to manage as well, let's say, the future of the state of the ledger is something where we are actively working on and researching as well.
And then we have Greenfield as well, which is actively working on right now by the community.
So, I think we have a lot of cooking.
Maybe we can deploy as well, like, a new blog about, like, an updated roadmap.
So, maybe we can work on it in the next month so that the community can have more insight of what's probably going to happen for the second half of this year.
Awesome. Thanks, Arno.
I do have a question that a quick follow-up went up to that as well.
I lied.
I actually have a couple more questions, not just two.
Arno, so my next question is obviously subjective to you and the team and what you guys are currently doing.
In your mind, in your opinion, paint the perfect picture for myself, my team, the audience listening, everyone on stage.
What does the perfect rollout for OPBNB look like when Mainnet is live?
We definitely want to have a few projects which are going to go live with us as well.
So, that's why we are actively working with some projects.
I think the main aim is really to have, let's say, OPBNB, which is from the start having a lot of users which are migrating over there with a lot of, let's say, games or DeFi or socialized applications.
So, definitely, like, we want to see, like, a lot of activity to really showcase that, like, we are able to have a layer too, which is really scalable and cheap as well for users.
Arnold, did you rug or that was it?
No, that was it, yeah.
I think so.
I don't think I rug.
Yeah, I wasn't sure if you had rug.
Awesome, no, I wasn't sure if you had rug.
My apologies.
My next question is, so obviously, to me, I obviously, I'm not part of the team.
I don't know the inside operations.
But to me, because you guys have such a wide user base and such a vast user base on the BSC chain at scale, I think, to me, just from a business sense, that's a huge, huge, huge, huge massive leverage point to obviously leverage, you know, the BSC side of things, the users, the consumers, the builders, the operators on the entire chain onto OPBNB, obviously, being the layer too.
Do you feel like the success of OPBNB is predicated on one of the biggest catalysts, which is leveraging those users, those consumers, those operators, the people that use it, whether to transact, whether to build, whatever it may be, can be or is the biggest catalyst of the success moving forward of OPBNB?
I think the biggest catalyst is really to be able to deliver something that is robust and strong.
And I think, like, naturally, people are going to move over.
We saw it as well, like, with BSC, where, like, people started to move over to BSC and really utilize the chain because it was fast, reliable, and really secure.
So I think it was something that really users was keen of, like, using BSC as well because, like, we have a high throughput, low transaction cost, but with OPBNB, it's going to be the same or even better.
So I think that, naturally, people are going to move over, like, either from order L2 over to, like, OPBNB L2 or from order L1 potentially to OPBNB as well.
But I think one of the main targets, as I mentioned previously as well, is to be able to let builders find new use cases to attract people outside of Web3.
Because I think we are quite – we have a small number of users within Web3, and it's not like – we're not going to be able to reach one billion users if we are only within ourselves.
So it's really about finding new use cases that can bring even more people over, like, from Web2 to Web3.
Awesome. Yeah, that's definitely a huge selling point to me from an operational standpoint that there's so many active users daily, monthly, weekly on the BSC side of things.
And, obviously, there's, you know, definitely a funnel and a pipeline definitely can be able to be established there and allow those users to build on something that's, you know, obviously has a ton of benefit, which is awesome.
Arnold, I appreciate you answering all my questions. I will throw it back to Noah. Noah, to you.
Yeah, I mean, those are pretty much all my questions as well. I think that we have Captain Levi and maybe some other audience members that might want to come up.
But the floor is open. Captain Levi, the mic is yours.
Yeah, thanks, Noah. Thanks, Andrew. Can you guys hear me all right?
Yeah.
Okay, so I hope BNB, innovative stuff, just following that thread, I followed it to a website where I saw some things.
I just want clarification. You may have touched on them in one way or the other, but I'm circling back with them.
The first question I wanted to ask, there was a caching system or a caching algorithm, I'm trying to scroll to that particular place, where they said that you reduce the load on the main chain by executing transactions off-chain and then post-transaction data on-chain as call data.
When you cluster, when you run these big clusters and then you pull it on-chain, doesn't this in any way affect the main network?
It's a good question, basically, if I understand why you're wondering if this is basically adding more load to the main layer 1, especially more, let's say, load for validator.
So it's a really good question. It's not going to really impact the load on the layer 1, because at the end, the cost of running such kind of roll-up is, let's say, priced in the solidity.
It's also in gas. So the gas that is used for the roll-up will not be used for the transaction. So at the end, the validator is able to handle it.
Okay, so just to be clear, that's a really good question.
Okay, okay. You know, I was actually asking, because not just for the BSC network, my concern was actually aimed at ETH network, because using this EVM-compatible chains,
those minute or smaller gas fees where developers from other chains can actually come and build using OPBO, using these algorithm mechanics,
if they pay those minute gas fees, even when clustering, separate gas fees are in paid, correct?
Or is it that it's just run as a single unit gas fee when integrated into the main chain?
I mean, at the end, like, when you're doing the roll-up, you do need to pay as well for the gas fee on the layer 1.
So, like, it's one of the competition as well that is, let's say, happening on other L1, where we see that there's a lot of layer 2 happening.
Like, layer 2 are kind of fighting each other to be able to be within the block of the L1 by, for example, paying more gas.
So, I think this is not necessarily something that is problematic, let's say, for the space.
As long as validator are getting rewarded, I think they are able to handle it.
Okay, okay, that's pretty impressive.
So, even, will there be a need for making any modifications in time, in the events, which will probably definitely happen,
OPBMB happens to scale higher, will there be any form of modifications that will be made in the future?
We shouldn't see any modification, but we do have a lot of research happening, as I mentioned before, in what we call the state expiry.
So, as you know, ledgers are growing over time, and the more transactions we have, the more, let's say, blocks we have as well,
the bigger the ledger is becoming.
So, it's really about, like, how we can make sure that with the future, let's say, in 5 or 10 years,
we are not going to end up with a ledger which is just too big for people to synchronize.
So, how we are able to, let's say, handle the state expiry of a layer 1 is something that is really important,
and we are doing a lot of research about it as well,
and hopefully we'll be able to implement something in the coming years.
Okay, next question, OPBMB, still on that same article,
has the potential to foster the growth of a diverse array of applications,
from gaming DApps to social networks,
tends to the efficient, cost-effective blockchain environment it provides.
We're running separate instances for different use cases of different DApps.
You already made mention of social networks and gaming DApps,
or there are a lot of other DApps.
Will you be running these as separate clusters,
or they'll be mixed and then submitted to the blockchain at the same time?
So, right now we only have, let's say, one OPBMB,
so of course, like, DApps are going to be working, like, within one layer 2,
but based on what you basically mentioned,
I think we can potentially see in the future multiple layer 2s,
like more vertical and specific use cases or specific application.
I mean, potentially, a project could be able to run, let's say,
their own OP stack or OPBMB directly on top of BSC as well
to ensure that the user are not fighting with other DApps
to handle, let's say, the block space within the OPBMB.
Wow, pretty impressive.
So, if I understand this statement correctly,
devs can actually, you know, would I say,
take a chunk of OPBMB, build with OPBMB,
and then when they are ready,
they can reintegrate back into the main network, correct?
They could deploy, potentially, their own OPBMB in a way.
So, have their own separate layer 2, for example.
So, this is something that OP stack is trying to achieve as well
with the support chain,
where, potentially, like, asset can move from one layer 2
to the other layer 2.
So, I think that's, potentially, one of the directions as well
in the future for, potentially, project or other
for specific use cases.
I don't know, I really appreciate the detailed answers
to my questions.
I still have a ton of questions,
but I'll need to properly align my train of thought
when I, you know, dive in more into how the OPBMB ecosystem works.
I wish you guys the very best,
and I really hope that the project stays bullish moonward.
Thanks a lot, Andrew.
Thanks a lot, Noah.
Over to you guys.
Thanks.
Thanks, Catherine.
Yeah, thanks, Captain Levi.
Sorry, my mic button is bugging out.
Again, last chance for people that want to come up and ask questions.
I know Arno's a busy man building out this amazing ecosystem.
I'm going to pass it to Andrew Forte.
Looks like he has his hand up.
And then, yeah, and then circle back to Tola.
Thanks, Tom.
Arno, I do have one question.
This is more of an operational question to some extent.
I think this is probably something people may be wondering,
but if not, I'll mention it anyways.
So, obviously, there are some form of grants to my sense of knowledge
that are being given for those that want to operate on VSC.
Obviously, to get those grants, fill a bunch of paperwork,
you know, make sure they're vetted, et cetera, et cetera.
Is there the possibility, Arno, that grants could be given for people,
I guess, in great positions or in good positions, decent positions,
that have decent products and decent teams and things they want to,
you know, do, is there the ability, let's say,
maybe a year or two down the road that people are able to get some form of a grant
to actually operate on the L2?
I think it's a good question.
I think it's something that I don't know if the team has already thought about it.
It's not really something I'm working on,
but I can take it internally as well.
I can maybe see, like, if there's anything we can communicate
or, like, share and, like, bring more, let's say, awareness as well
around the OPP and B.
Usually, like, I think the main driver for developers shouldn't be grant,
especially, especially on BSA,
but there's already such a high, let's say, activity
that usually projects are able to really show what they're able
to perform just with the grant activity.
And I think projects are able to grow naturally as well.
Of course, grants are always nice to have
and are good as well for the ecosystem,
but I think projects shouldn't necessarily, like,
entirely really focus on grants,
but they really should focus on building good use cases
that are strong and that are capable of, like,
handling, like, ups and downs within the market as well
and within the community.
I think this is where, like, the builders should really focus,
I believe, on the personal side.
That makes sense, Arno.
I mean, last run, we shouldn't be ignorant to the fact that,
you know, BSC, the chain itself, was the chain of choice.
For literally everyone that I knew and all the projects and brands
that are, you know, still here, some are not here,
obviously, things happen.
It was the chain of choice of what people wanted to build on,
and I think that Noah can also attest to this as well.
Like, when you ask someone what they're going to do,
whether it was NFT or whether it was a token,
whether it was a product, a dApp, literally whatever it was,
they'd probably tell you that the chain they're looking to build it on
is BSC, and when you ask them why the question,
the answer they all gave you, rather,
it was because of the user base.
So, I mean, this is definitely super exciting, I think, moving forward.
I mean, potentially, I can see, you know,
this very, very, you know, I can see it scaling, you know,
to millions of users, potentially, you know,
20, 30, 50, 100 million users, whatever it may be,
in the next XYZ timeframe,
just for the fact that it was the choice last time,
and obviously now there's a new innovative chain
that works better for different reasons
and has better use cases.
So, I see potentially the same thing reoccurring,
and history doesn't always repeat itself,
but it does do rhyme.
So, I can see one of those things.
Noah, back to you.
Thanks, Arnold.
Yeah, thank you, Andrew Forte.
Let's go to Tola, and then Tannen.
Thank you very much.
Hello, everyone.
Good morning.
Afternoon.
Afternoon.
Yeah.
Of BNB,
BNB,
what's,
is that correct?
Tola, we're having a,
or at least I'm having a very hard time understanding you,
that the audio is not very clear.
It sounds like it's very muffled,
and I can barely hear what you're saying.
Okay.
Is it better now?
Yeah, it's much, much better now.
All right.
Thank you very much.
I said,
Ope BNB
is to
BNB chain.
What polygon is to Ethereum?
Is that correct?
it's not really correct.
I think Ope BNB
is to BNB chain,
more like what,
let's say,
Arbitrum or Optimism
is to Ethereum.
It's,
yeah,
right,
correct.
it's not necessarily like Polygon and Ethereum.
It's more like Optimism
or Arbitrum to Ethereum.
Okay,
Ope BNB
is a layer two solution
to Binance Smart Chain.
Is that correct?
To BNB Smart Chain,
correct.
I know for,
to BNB Smart Chain.
Right,
just want to make sure.
I know for a lot of people,
like it's still a lot of like Binance Smart Chain,
but it's quite really separate.
like the name is really like BNB Smart Chain.
I know it might still like sound a bit strange
in some people's ears,
but I'm sure like in the future
it's going to be easier.
Okay.
Now,
my question is,
we know why there are two,
why Ethereum layer two solutions,
you know,
pop that everywhere.
Now,
my question is,
BNB chain
has been very scalable
and shipper transactions,
I mean,
shipper fees on transactions
and there is no,
you know,
network difficulty
like we had with Solana.
if this is the case,
then why
open BNB?
Why do we need
a circular solution
to the main
BNB chain?
It's a great,
great question.
I had a lot of discussion
with like,
ecosystem partners
while we're in the
BNB ecosystem.
I think one of the main reasons
is we,
at the end,
the transaction costs
are still really high.
I know we,
like when we compare it
with other L1
or even other L2,
like BSE seems quite cheap,
but when we compare it
to the real world use cases,
it's still like too expensive
to onboard more users
or to justify new users
to come into Web3.
Like if we want to justify
or show people
that they should come to Web3,
we need to have solutions
which are really accessible
in like financial basis.
So we need to be really cheap
for them to use it.
And like why right now
as well is like,
sure,
we might not have
the best activity right now
because as we know,
the market might not be
in our favor overall,
but we need to find solutions
right now
if we want to be ready
for the next,
let's say,
phase when like new users
are going to onboard
as well into Web3.
We really need to make sure
that they have a great experience
for their first experience
when they're coming,
basically like we are here
since a while.
So we are used
of the struggle
when we are wanting
to sign transaction
on the platform
of BSE as well.
So we know that sometime
we need to sign twice.
We need to pay a bit more
if we want a transaction
to be succeeded.
But I think for new users,
we cannot like have
bad impression
for them to enjoy Web3.
So we really need
to be ready
with like really good infrastructure
and cheap infrastructure
as well
to make sure
that the first experience
that those new people have
are the best experience
that they can have.
Wow.
Okay.
Tola,
we lost your audio again, man.
Is my audio better now?
Yes.
Okay.
I said I would take that home
because I'm still trying
to understand
why Open B&B.
I don't think
the face on dimension
are too ridiculous
or like we see
with Ethereum.
But notwithstanding,
I will be on the lookout
to see how this scales off.
Tola,
there are a ton of documents
out there.
One that's currently
pulled up on my browser
right now,
docs.bmbchain.org.
A ton of stuff
you can look up.
It goes through
the entire process
of what is OPMB.
It literally starts off
like that.
It goes on to the nitty-gritty
of the transaction fees,
all that great stuff.
Just give it a good read.
It's definitely great.
The team did a great job
putting that together.
I would just say
if you guys want to
pin it up top,
we could definitely
retweet that
of you guys as well.
That was pretty well
put together
the entire time
we've been interviewing.
Noah gets some
of these hands,
I guess.
We can go to
10 and next.
If I said your name
correctly,
I do apologize.
Yeah,
so I just got
a quick question.
First of all,
what's up with
the Zero to Hero
program?
Because I think
that's really
the focus of the year.
Last year was all
about innovation talks.
But what's up
with the Zero to Hero
program?
Did I miss that?
Go ahead.
Where's the second one?
Yeah,
so BNB chain
used to be so much
community driven,
but you guys just
started building
and you guys
no longer
have any campaigns.
Your Twitter handle
used to be buzzing
every day.
What's up?
Have you guys
switched
focus?
switch
focus?
I totally
understand
the whole concept.
Just
I had to
hop up
on this
because I'm
a big fan
of BNB chain.
Great.
So for the first one,
I do think that you
probably missed
the Zero to Hero
hackathon.
I think it finishes.
It just finished
a few days
or weeks ago.
So we'll keep
looking into our
social media.
Maybe there's going
to be another one
or another hackathon
coming up.
Regarding your
second question,
I'm not really
usually doing
spaces,
so I'm quite
starting,
so I'm quite new.
But I will
definitely take your
feedback back to the
team as well
and let them
know the
feeling of our
community and
making sure that
potentially we
address it as well.
But definitely
thanks for the
feedback and
we're looking
forward to see
how we can
address it.
Literally,
the regional
channels aren't
buzzing again.
So many
regional channels
aren't active.
It's really
not encouraging.
Okay.
Thanks,
I'm going to
take it back to
the team and
see how we can
address it.
Thanks for the
comments.
Tana,
just to
jump in here
really quickly
I guess on
the team's
behalf,
obviously this
is not a
cop-out.
Obviously market
conditions have
definitely changed.
So a lot of
the investors
that were here
just to make
quote-unquote
money have
actually left.
So what you're
saying could
be true,
could be not
true,
but a lot of
that is due
to the market
conditions,
the fact that
people do
come and go
and obviously
there are
seasonal
investors as
well.
And obviously
this bear
market has
been rough
for a lot
of people.
So obviously
people come
and go as
they please
and that could
contribute to
the fact that
there's
quote-unquote
less people
here.
I want to
grab,
thank you
Forte,
I want to
grab
1288
and then
we'll go to
Bashir.
1288
NFT project,
you there?
All right,
let's go to
Bashir.
Bashir,
the mic is
yours,
sir.
Can you hear
me now?
Yep.
I just
have a
question.
question
goes like
this,
up BNB,
is it a
scaling
solution to
reduce
DASP in
transaction
to BNB
smart chain?
That's my
first question.
Secondly,
are the
team going
to provide
us with
airdrop
or not?
That's my
two questions.
Thank you
very much,
sir.
So for
the second
question,
there is not
going to
be any
airdrop.
For the
first question,
I'm not sure
Noah, did you
understand it
clearly?
Yeah, so I
think he was
asking whether
the OP
BNB is
functioning as
a scaling
solution to
the BNB
smart chain.
Definitely,
it's definitely
functioning as
a scaling
solution.
That's really
the aim to
really take
load off from
the layer
one and put
it in
OP BNB
itself, where
it's going
to, let's
say, provide
more space
in the layer
one as
well.
So more
project
can run on
top of
the layer
one, and
especially
like project
running on
OP BNB
are going
to be able
to run
at a
much cheaper
cost.
Arnau, I
know you
guys are
hiring another
question.
Sorry,
Bashir, did
you have
another
follow-up
question?
My bad.
understand, I
understand.
Thank you
very much.
I don't have
any questions.
Thank you
very much.
Thank you,
Bashir.
Sorry for
cutting you
off there.
Arnau, I
know that you
guys are
currently still
hiring.
Are you
focusing mostly
on devs?
And then
second question,
how many
devs do you
currently have
working on
OP BNB?
I don't
know exactly
how many
devs we
have.
I mean,
it's quite
community
driven as
well.
So I don't
know exactly
like we
don't know
all of
them because
it's quite
community
driven.
So it's
everything
happening on
GitHub as
well since
it's open
source.
We are
definitely
still hiring.
I think a
lot of
different
positions are
open,
especially to
help us
bring more
awareness into
BNB chain
ecosystem and
all the stuff
that are
around it.
So definitely
keep looking
into social
media or on
our website.
Just feel
free to
apply directly
and there's
still a lot
of open
applications.
Beautiful.
Well, those
are all the
questions I
had.
I think that's
it for the
audience members
that wanted to
come up.
Andrew Forte,
I don't know
if you had
anything to
add before
I do.
Closing
thoughts.
No, I
am good.
I want to
thank the
team again
for coming
Arno, the
team, that
was awesome.
Before we
close up,
Arno, if
there's
anything that
myself,
Noah, the
audience
captain,
didn't go
over and
you think
that was
crucial to
mention or
anything you're
looking forward
to, things
that maybe
you're very
excited about,
the mic is yours.
Noah, I think
we mentioned
everything tonight
or most of it
actually.
What I'm really
looking and
excited for is
really to see
people building
building new
use cases, as I
mentioned with
OPBNB, and
as well like
use cases which
are handing
OPBNB plus
BNB Greenfield,
which is like
more the data
layer, and
really finding
new use cases
like how
potentially we
can, let's
say, market
specific data or
like a data
marketplace on
type of
Greenfield that
is then like
integrated with
OPBNB as
well.
So I think a
lot of potential
use cases that
can come up in
the next few
months and
really looking
forward to see
what the
community is
able to
deliver.
Beautiful.
Well, look
Arno, we
love having
BNB, we're
the BNB
chain team
come on every
time.
You guys are
always cooking
something up,
so looking
forward to the
next broadcast.
And welcome
to Twitter
Spaces, it's
a lot of
fun.
WhaleCoin
Talk community,
remember everything
you hear on
these broadcasts
is for
educational
purposes only,
nothing is
financial advice.
So be safe
out there, that
was another
special episode
with BNB
chain brought
to you by
the Aquarium
WhaleCoin
Talk.
See you all
in the next
one soon,
take care.
