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

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

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