Baby Doge Coin Integrates opBNB Testnet with the Aim of Scalability and Speed Improvements for BABYDOGE

Baby Doge Coin Integrates opBNB Testnet with the Aim of Scalability and Speed Improvements for BABYDOGE

Key Takeaways:

  • Baby DogeCoin announces support for opBNB Testnet
  • opBNB is a layer-2 scalability solution for BNB Chain that could drastically improve the blockchain’s performance
  • The full launch of opBNB layer-2 has yet to be announced

Baby DogeCoin (BABYDOGE) has announced that it has integrated opBNB Testnet to deliver improved blockchain performance for apps that are built on the network. opBNB, a layer-2 scalability solution for BNB Chain that uses optimistic rollups to process transactions, is expected to usher in a new era of enhanced scalability for the blockchain.

opBNB remains in its early phases of development. Baby DogeCoin’s integration with the testnet could enable a vastly superior number of transactions per second by the time the full launch of opBNB takes place.

What is Baby DogeCoin?

Baby DogeCoin is a Dogecoin-inspired meme coin built on BNB Chain. It is a community-driven project that has a unique burning mechanism designed to make BABYDOGE become increasingly scarce over time. A percentage of each transaction is automatically burned, which continually reduces the number of BABYDOGE tokens in circulation and contributes towards price appreciation.

Baby Doge Coin also launched a Burn Portal in early-2023, which enables token holders to manually contribute towards the auto-burn mechanism by sending BABYDOGE tokens to a defunct crypto address.

On top of its deflationary tokenomics, BABYDOGE token holders receive financial rewards each time a transaction takes place. 5% of all transaction value is airdropped proportionally to wallets that own BABYDOGE, which provides consistent passive income for all members of the Baby Doge Coin community.

How will opBNB improve efficiency for Baby DogeCoin?

As a layer-2 scalability solution for BNB Chain, opBNB can bring improved transaction processing speeds and higher throughput for all user interactions. Since Baby DogeCoin is a BEP-20 token, it is native to BNB Chain, and all opBNB-based BABYDOGE transactions will benefit from these performance enhancements.

Optimistic rollups are used to process a higher number of transactions without the need to achieve consensus for each one. They reduce strain on BNB Chain’s underlying layer-1, which makes transactions cheaper, boosts throughput, and makes the entire process of interacting with the blockchain much faster.

Baby DogeCoin token holders will be able to transact on a much more efficient blockchain network thanks to the project’s integration with opBNB Testnet. opBNB can process over 4000 transactions per second (TPS), a significant upgrade to Binance Smart Chain’s 160 TPS, with an average fee of just $0.005.

When will opBNB layer-2 launch?

As stated, opBNB remains in its testnet phase. The full launch of opBNB layer-2 has yet to be announced, with dApps in the ecosystem being encouraged to integrate with the testnet to fix any bugs before a full launch date has been set. This can help to iron out any possible security issues and ensure that opBNB layer-2 performs as planned by the time it goes live to the public.

Baby DogeCoin price prediction

BABYDOGE is currently valued at $0.0000000012 per token. The CoinCodex price prediction algorithm anticipates that BABYDOGE will climb to $0.000000001317 in the next 30 days.

Source: https://coincodex.com/article/30705/baby-doge-coin-integrates-opbnb-testnet-with-the-aim-of-scalability-and-speed-improvements-for-babydoge/