BNB Chain, a Layer 1 blockchain established by cryptocurrency exchange Binance, intends to introduce sidechains to reduce transaction costs and boost transaction speed for resource-intensive applications such as gaming.
The BNB Chain Application Sidechain (BAS) would allow developers to port data and assets from BNB Chain, alleviating burden on the network’s limited transactional resource, according to a Binance representative in a statement, without indicating when the sidechains will be available. These sidechains will likewise be application-specific, with each sidechain focusing on a distinct use case.
When BNB Chain relaunched to its current name in February 2022, the team stated that it intended to embrace large-scale applications such as GameFi, SocialFi, and the Metaverse. Sidechains could play a role in accomplishing that goal.
BAS will be able to run independently in addition to hosting BNB Chain-compatible dapps. As a result, rather than relying on the mainnet protocol, teams could choose their validator set based on their security requirements. Finally, according to the spokesperson, any development team would be allowed to deploy their own BAS on the network.
An excellent analogy for BAS is Ronin, an Ethereum sidechain dedicated only to Axie Infinity’s play-to-earn game. Other Layer 1 blockchains, like as Polkadot, Avalanche, and Cosmos, include application-specific chains for their ecosystems as well, however these may not be termed sidechains.
Binance Labs, the BNB Chain’s primary development team, will shortly release technical information on the first BAS testnet, which will focus on GameFi.