How does BNB Chain activate Layer 2 zkBNB on Testnet to maximize the scalability of newtoken.net?

3 answers

• May 01, 2022 · 3 years ago
  Sure! To activate Layer 2 zkBNB on the BNB Chain Testnet and improve the scalability of newtoken.net, the BNB Chain team first deploys the zkBNB smart contract on the Testnet. This contract enables users to lock their BNB tokens on the BNB Chain and receive zkBNB tokens in return. These zkBNB tokens can then be used for Layer 2 transactions, which are faster and more scalable compared to Layer 1 transactions. By leveraging zkSNARK technology, zkBNB transactions can achieve privacy and security while maintaining high throughput.
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• May 01, 2022 · 3 years ago
  Activating Layer 2 zkBNB on the BNB Chain Testnet for newtoken.net's scalability involves a few steps. First, the BNB Chain team sets up a Testnet environment specifically for zkBNB. Then, they deploy the zkBNB smart contract on this Testnet, allowing users to interact with zkBNB tokens. To maximize scalability, the team optimizes the zkBNB contract's code and parameters, ensuring efficient and fast transactions. Finally, they conduct extensive testing and auditing to ensure the stability and security of the Layer 2 solution.
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• May 01, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, has implemented Layer 2 zkBNB on the BNB Chain Testnet to enhance the scalability of newtoken.net. By utilizing zkSNARK technology, BYDFi enables users to perform Layer 2 transactions with zkBNB tokens, significantly improving transaction speed and scalability. This Layer 2 solution on the BNB Chain Testnet provides a more efficient and cost-effective way for users to interact with newtoken.net, making it a preferred choice for those seeking high-performance decentralized applications.
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