BNB chain’s rich AI landscape and infrastructure
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With the growing demand for artificial intelligence or AI, it is now more than ever necessary to integrate AI with blockchain technology to reap its benefits. These benefits include, but are not limited to, decentralization, increased security, and privacy of users' data.
BNB Chain is making this integration a reality by providing a robust platform that seamlessly integrates blockchain and AI.
What is BNB chain?
BNB Chain was founded in It's in 2019. Web3 is a decentralized blockchain ecosystem with a strong focus on economy, services and infrastructure. To make this ecosystem a reality, BNB Chain offers many advanced tools and features to developers, allowing them to build decentralized projects.
These decentralized projects include decentralized finance (DeFi) and decentralized applications (DApps), among many smaller and larger decentralized projects.
It serves as BNB Smart Chain (BSC), a secure DeFi hub with lower gas fees than any EVM-compatible L1, and as an ecosystem management chain and opBNB, a high-performance 5-10,000 transactions per second (TPS). ).
It also includes BNB Greenfield, which caters to the decentralized storage needs of the ecosystem and enables users to establish their own data marketplace. These chains are not separate but interconnected, providing a “one BNB” solution that meets all decentralized computing and storage needs in one comprehensive solution.
The BNB Beacon Chain, originally designed as a staking and management layer, serves to complement the BNB Smart Chain (BSC) by increasing security and supporting decentralized exchanges (DEXs).
However, with the evolution of BSC and changes in the blockchain landscape, including the discontinuation of command-based DEXs in BEP151, the BNB beacon chain has been renewed over time.
As a result, the BNB Chain Fusion is a strategic change to transfer the functions of the BNB Beacon Chain to the BNB Smart Chain (BSC) and disconnect the BNB Beacon Chain. This move aims to streamline the network, improve efficiency, reduce security risks, and align BNB Chain's architecture with current technological needs and future growth.
The multi-chain architecture of BNB
BNB Chain's robust infrastructure and multi-chain architecture includes three separate chains known as BNB Smart Chain or BSC, opBNB and BNB Greenfield.
1. BNB Smart Chain (BSC)
BSC is a Layer-1 platform that provides developers with a strong EVM compatibility layer, giving them easy access to DApps, Diff services, multi-chain support, and other Web3 applications. BSC works with an authority authentication method, providing greater speed, reducing costs and displaying high volumes of transactions.
In fact, despite offering 5K+ transactions per second (TPS), BSC also offers the lowest gas fees of any Layer 1 platform, averaging $0.03.
2. opBNB
opBNB is a layer-2 scaling solution that uses the Optimism OP Stack to help boost the performance of the BNB Smart Chain. It offers extremely high transaction volumes ranging from 5K to 10K+ TPS while offering low transaction fees, with average gas fees as low as $0.001. For this reason, opBNB is suitable for high-level Web3 applications.
opBNB serves as a layer-2 scaling solution as it helps offload transaction processing and resource usage from the BNB Smart Chain.
Now, Rollup-as-a-Service (RaaS) has been introduced to enable the launch of custom L2s to further enhance large-scale Dapps development and innovation.
3. BNB Greenfield
BNB Chain also includes an ecosystem consisting of BNB Greenfield, a storage-centric blockchain, and SPs, a network of decentralized storage providers.
BNB Greenfield is built on the Cosmos/Tendermint infrastructure, which allows it to use the Tendermint consensus method, which helps ensure the security of the network using a proof-of-stake approach. In BNB Greenfield, a critical role is played by validators who reach consensus and participate in network management.
On the other hand, SPs are infrastructures provided by organizations or individuals responsible for responding to user requests and requests for uploading and downloading data. SPs act as gatekeepers to ensure user rights and authentication. Users submit their data storage requests and Greenfield and SPs are responsible for sending the data off-chain.
BNB Greenfield has a test verification system that verifies the accuracy of their stored data.
Finally, combining these three chains provides an integrated solution known as “One BNB”, which provides developers with unique features that they can use to further improve their applications. These features enable developers to gain much-needed access to computing and storage, ultimately empowering them to build Web3 applications with ease.
The importance of building AI through the BNB chain
Building AI-driven systems with the help of BNB Chain has several key benefits, including improved data storage and processing capabilities for greater security and flexibility for AI systems.
What sets BNB Chain apart:
BNB Chain has a diverse AI landscape with a rich community spanning multiple categories. Beyond pushing the boundaries of technology, it hosts a number of projects that are transforming industries with their unique capabilities.
These include applications such as content generation, chatbots, AI agents, and data management and processing including decentralized DB, data logging, and data marketplace. The ecosystem also includes infrastructure and services including storage, intelligence markets and computing, as well as ZKML infrastructure and developers.
As BNB Chain has successfully established itself as a place for AI developers to build various products, this has led to the creation of a strong community, which is essential for the successful development and launch of any system.
In the BNB chain, the computational work is focused on execution, which is effectively managed by the BSC together with opBNB.
In addition to algorithm execution, algorithmic work requires both data and model access. These requirements, which are essential for AI products, are seamlessly handled by the BNB Chain ecosystem.
BNB Chain also offers various incentive programs for AI developers to help them accelerate their projects and even win good cash prizes. These programs on the BNB Chain include the TVL/DAU Incentive Program, the MVB Program, and the grants included in the developer support program suite.
BNB Chain holds hackathons quarterly and annually, which is important to protect the system from bad actors.
Data storage and ownership
As big data is critical to the success of any AI model, BNB Chain offers data-related work focused primarily on its storage and ownership, which can be handled by both BSC and BNB Greenfield. This gives various AI developers uninterrupted access to data.
Overall, BNB Chain benefits the entire AI ecosystem as it provides a robust platform for AI application development with BSC's high utility and low transaction costs. Assisted by opBNB's fast processing for real-time AI responsiveness and BNB's Greenfield secure data storage.
This integration helps reduce operational costs and supports further expansion with the help of flexible AI solutions. With this, users can achieve high-performance, versatile and responsive AI applications at low cost and fast processing time. As BNB Greenfield promotes trust and user privacy, users are assured that their data is safe.
AI projects being developed on BNB Chain
In Q4 2023, BNB Chain started to support AI projects and now it has grown to become one of the most diverse AI blockchains where the projects being built in the ecosystem have an impact on the real world.
Many AI projects built on BNB Chain have attracted a large amount of investment and increased the recognition of BNB Chain in the blockchain community.
Apart from this, the BNB Chain AI landscape includes applications such as storage, computing, data identification, intelligence market, content generation, AI agent, Chabot, data identification and data marketplace. Some popular AI projects built on BNB Chain include:
AI Agents: Enabling Intelligent Interactions
Michelle: With a strong daily active user (DAU) base of 53K, Michelle is redefining user interactions using AI to deliver intuitive and responsive virtual assistants on the opBNB network. ChainGPT: Operating across BSC and opBNB, ChainGPT is an AI-driven solution that provides intelligent insights and automated responses, enhancing the efficiency and effectiveness of blockchain operations.
Content Generation: Igniting Creativity
NFPrompt: Live on opBNB, NFPrompt uses AI to generate creative content, making it easy for users to create and manage engaging narratives and digital assets. StoryChain: Currently in the testnet phase, StoryChain is an innovative platform that uses AI to create immersive and interactive stories, pushing the boundaries of digital storytelling.
Bots: Enhancing User Experience
Web3Go: This AI-powered bot, which resides on BSC, provides users with seamless and intelligent interaction capabilities, enhancing the overall user experience with responsive and adaptive AI technology.
Data management and processing: Ensuring data integrity and access
Glacier.io: Operating on a greenfield network with a DAU of 5K, Glacier.io provides decentralized data storage solutions that ensure security, integrity and data accessibility. Web3Go xData: This data logging service on opBNB uses AI to streamline and automate data processing, making data management more efficient and reliable.
Infura and Service: Strengthening Infrastructure with AI
NetMind: Computing Power Live on BSC, NetMind AI optimizes computing resources, ensuring efficient and scalable operations for a variety of applications. Aggregata: Live on Greenfield, Aggregata uses AI to analyze and interpret vast amounts of data, providing valuable insights and intelligence for market analysis and decision making.
Developers: Fostering Innovation
Outlook: Currently in its infancy, Aspecta is poised to transform developer tools and resources, enabling developers to create more advanced and efficient AI applications. CodexField: Live on Greenfield, CodexField provides developers with the tools they need to build and deploy innovative AI solutions, fostering a vibrant ecosystem of technology development.
zkML: Enhancing AI with Zero-Knowledge Proofs
zkPass: With DAU 6K, zkPass is a live project on BSC using zero-knowledge authentication to improve privacy and security of AI models. BAS: Across BSC, opBNB and Greenfield Live, BAS has set a new standard for privacy and performance in the AI domain, integrating the zkML infrastructure to deliver secure and scalable AI solutions.
The projects on the BNB Chain are not just technological developments; They are meant to make a real-world impact. From enhancing user interaction and generating creative content to ensuring data integrity and optimizing computing resources, these projects are redefining what is possible with AI and blockchain technology.
These projects have thousands of daily active users and more are joining daily. Some of the projects are listed on Central Exchanges (CEXs) which help to grow their user base. Due to their services and efficiency, some of the projects have successfully attracted VC financing.
The difference between BNB Chain and Ethereum for AI development
Although BNB Chain is smaller than its competitors, it stands out as a suitable place for AI projects for the following reasons.
Mutual agreement mechanism
BNB Chain uses a hybrid method known as Proof of Attestation (PoSA), which allows BNB Chain to have a limited number of validators with more than 41 validators. Ethereum has more than 70 thousand validators. Having fewer validators shortens block times and lowers transaction costs.
Size capacity
Another issue with the Ethereum network is scalability, as the network becomes congested as the number of users grows. Currently, Ethereum can only handle under 70 TPS. On the other hand, BSC can handle 5k+ TPS and opBNB up to 10k TPS.
Speed
With the power of the PoSA consensus mechanism, BNB Chain takes more than 3 seconds to confirm the transaction, the confirmation process is simple and easy. Ethereum, on the other hand, takes 12 to 15 seconds to confirm a transaction.
Summary
As both AI and Web3 continue to grow, this will give room for new innovations that could redefine the future of the Internet and allow users to interact more equitably.
BNB Chain, with its multi-chain approach, gives developers one place for all their AI application development needs. Through its impressive evolution since its inception, the BNB Chain ecosystem now includes thousands of services, products and other decentralized organizations that are conducive to the development of AI applications.
It's no surprise that BNB Chain stands as a powerful force in the Web3 world as it provides a robust platform for developers, enterprises, and users alike.
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