Latest news with #infrastructureupgrade
Crypto Insight
17-07-2025
- Business
- Crypto Insight
BNB Chain targets 5,000 DEX swaps per second in 2025
BNB Chain is set to undergo a major infrastructure upgrade in the second half of 2025, aiming to support up to 5,000 decentralized exchange swaps per second and significantly enhance its onchain capacity. In its outlook for the remainder of 2025 and 2026, BNB Chain plans to increase its block gas limit from 100 million to 1 billion to keep up with user demand and ensure smooth activity across decentralized applications (DApps). The network said it's rolling out a Rust-based client optimized for high-throughput performance. This will be built on Ethereum's Reth architecture with some modifications. It offers faster node syncing, improved memory management and efficient smart contract execution. The team said the upgrade is part of a broader push to future-proof the network. BNB Chain shares upgrade plans for 2025 and 2026 BNB Chain also mentioned Super Instructions, which are optimized smart contract functions that bundle multiple operations into a single action. The network said this would streamline complex interactions like launch events and token swaps. In addition, the network will also improve its StateDB system, aiming to reduce redundant data access and unlock faster execution across a much larger data set. The StateDB is part of the blockchain system that manages accounts, balances, smart contracts and their data. When upgraded, the blockchain can run faster, handle more users and execute complex transactions more efficiently without overload. In 2026, BNB Chain said it's developing a blockchain architecture capable of processing 20,000 transactions per second (TPS) with under 150 milliseconds confirmation times. It will introduce native privacy features, upgradable virtual machines and user-friendly tools that may provide the feeling of a centralized exchange while having Web3 levels of control. 'The next phase of BNB Chain will make onchain access as intuitive as logging into your favorite app, while still giving you full control of your assets,' BNB Chain wrote. Upgrade stems from an increase in demand A BNB Chain representative told Cointelegraph that the planned upgrades reflect the chain's current momentum and future demand. The BNB Chain team said that the network saw significant growth in activity, logging 12.4 million daily transactions in the first half of the year. The representative also shared that the network peaked at 17.6 million transactions in a single day. 'Our 5,000 swaps per second goal this year is about proactively scaling infrastructure to ensure smooth UX during peak moments, without compromising cost, speed, or fairness,' the representative told Cointelegraph. The representative also told Cointelegraph that the team will work with its community to explore native protocol-level privacy infrastructure. They said that users want to transact and interact with smart contracts without exposing sensitive details publicly. 'Also, professional traders eager to introduce more traditional financial services to protect their trading,' the representative said. Ethereum gears up for the upcoming years Apart from BNB Chain, Ethereum is also gearing up for the upcoming years. On July 11, Ethereum Foundation developer Sophia Gold wrote that the network is preparing to integrate zero-knowledge technology into the mainnet. Furthermore, Ethereum proponents are pushing the idea of layer-1 networks transitioning to Ethereum layer 2s. On Wednesday, Ethereum co-founder Vitalik Buterin suggested a minimalistic approach to building layer-2 networks, supporting the narrative of layer-1 networks switching to Ethereum. Source:
BBC News
23-05-2025
- Business
- BBC News
Derry: Traders welcome Foyle Street reopening after eight months
Traders in Londonderry have welcomed the reopening of one of city's busiest streets after it was closed for eight Street closed in August 2024 to allow for a £4.2m major upgrade to the water and sewerage is due to reopen to traffic later on Friday, five weeks ahead of store owner Lee Mason said he was delighted to see the street returning to normal after a tough time for businesses. For five months late last year, and with the work ongoing, he said his business was hidden behind huge hoardings."The barriers from August to December were awful, we had no visibility, the shop wasn't visible," he told BBC Radio Foyle's North West Today programme."As I have said many times, we were down 50% at weekends, and probably about 40% Monday to Thursday."I am just glad it is done and dusted." He has now called for traders to be compensated over the disruption."The work was essential work and we all understand that, but at the same time we need to be compensated if the work has affected our business, and it has without doubt affected our business," he said. When work got underway in August last year traders said they were concerned about the long-term impact of the was a temporary reprieve over Christmas before the street was closed off to allow NI Water to continue with the upgrade work. 'Business suffered' Olive McEleney works in her family-run hair salon on Foyle told BBC Radio Foyle that, like most traders, she totally understands the need for the work the past eight months had been tough. "Needs must, the work had to be done, but business has suffered these last eight months," she said."We are small businesses, small family businesses, not multi-million pound companies. We were trying to keep the staff we have, keep the flow of business."She agrees that some form of financial support, possibly a rates relief scheme, would help support the Foyle Street traders."The loss of business, especially in the run up to Christmas, the businesses were badly impacted and the rates definitely should have been considered," she said. 'Should be compensated' Manager of Derry's City Centre Initiative Jim Roddy said local traders were to be commended "for their patience and understanding since work started last summer".He also said they should be compensated, if they have lost money."Absolutely, and what needs to happen there, the loss needs to be evidenced and then that put to Northern Ireland Water and then let Northern Ireland Water consider if compensation should be paid." But he said the work was essential for the future of the city."Anbody who knows what's going on with Northern Ireland Water at the moment and any future developments, capacity is a major, major issue for all planning applications," he said."We were literally at full capacity within our walled city, so developments within our walled city would not have been able to happen without this work."This now allows those developments to do ahead."In a statement, NI Water said Foyle Street would reopen to most traffic on Friday but buses would not return until the end of upgrade of the 100-year-old water and wastewater infrastructure has included the installation of 400 metres (1,312 ft) of dedicated stormwater sewer as well as 170 metres (557ft) of new on the upgrade's final phase, which includes the reinstallation of footpaths and during which the street will be fully accessible during business hours, will be completed by the end of next month, NI Water added.
