Binance, the world’s biggest crypto exchange by volume, is seeking to speed up transaction times and reduce fees for its BNB blockchain, becoming one of the largest players yet to embrace a technology known as a zero-knowledge (ZK) rollup.
The upgrade, planned for next year, will allow BNB to process between 5,000 to 10,000 transitions per second, according to a statement Wednesday. That vastly outpaces the current capabilities of the blockchain, which is the largest smart-contract chain in terms of user base and transaction volume, surpassing even the better-known Ethereum.
What Binance effectively announced is a separate blockchain where transactions can be offloaded and processed faster and more cheaply, with the results passed back to BNB. It’s a complicated technology and deploying it in live environments was, until recently, thought to be years out. The fact that Binance is putting its significant weight behind a ZK rollup suggests there might be more advances to the space...
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