Interview

BNB Chain – Accelerating adoption of the digital asset and blockchain economy | Fundamentals ep.59

Oskari Tempakka

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In this episode of the Fundamentals podcast, I’m joined by Arno Bauer, a Senior Solution Architect at BNB Chain. BNB Chain is a smart contract platform for decentralized applications and is currently the most widely used blockchain.

BNB Chain is made up of an ecosystem of blockchains, comprising of the BNB beacon chain for staking and governance, the BNB smart chain which is an EVM-compatible smart contract settlement layer, zkBNB, a layer 2 zero knowledge scaling solution for developers to build large-scale BSC-based apps, and finally BNB Greenfield for decentralized data storage.

In this episode with Arno, we discuss what the BNB Chain’s core value proposition is, what optimizations they have focused on, and how they are positioned within the market. Also, we cover how blockchains can be valued, how economic sustainability should be addressed, the most exciting things happening on the BNB Chain right now, who the core contributors behind the blockchain are, and more!

BNB Chain’s dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/binance-smart-chain

Listen to the episode:

Timestamps:
00:00
Introduction
02:28 BNB Chain’s core value proposition
02:59 The optimizations that BNB Chain has focused on
04:03 The problems that the BNB Chain solves for builders and users
05:30 An ecosystem of blockchains: Beacon Chain, BSC, ZkBNB, Greenfield
08:52 Internal product focus areas: scalability and decentralization
09:53 User activity, composition, and development
13:58 The blockchain market and BNB Chain’s position within it
15:38 Long-term vision for the BNB Chain
17:28 Core contributors behind the BNB Chain
18:43 Economic model
20:27 Economic sustainability
22:13 Value accrual to blockchain networks
23:59 What are the best metrics to measure/value a blockchain?
25:04 Are L1 blockchains economies, businesses, or something else?
28:17 Utility of the BNB token
29:17 Most exciting thing happening in the BNB Chain ecosystem
31:27
Growth drivers and challenges
35:18 Enhancing security in web3

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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