BNB Chain has outlined plans for a new blockchain network that could potentially match the speed of centralized exchanges.

In a blog post on July 17, the team proposed a next-generation Layer 1 chain that can confirm transactions in under 150 milliseconds and handle more than 20,000 transactions per second. The new system will include on-chain computing tools and built-in privacy features.

It remains unclear whether this indicates a separate network or major updates to the existing BNB Chain. A representative told The Defiant that “the BNB Community is still in the exploratory phase, actively discussing and welcoming different proposals.”

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io