Binance Founder CZ Backs BNB Chain’s New High-Speed Layer 1 Network

BNB Chain is preparing a new EVM-compatible Layer 1 that will run alongside the main network, using BNB for gas, staking, and governance rather than issuing a new token. The BNB Chain ecosystem is preparing a second Layer 1 built for speed, but it is not abandoning its original network (currently called BNB Smart Chain) or creating another token. Updated documentation published Oct. 22 outlines a new high-performance L1, currently unnamed, that will operate in parallel with BNB Smart Chain and connect to it through a native bridge. BNB will remain the shared economic asset across both networks, covering gas, staking, and governance. Binance Founder Changpeng Zhao summed up the strategy on X: “Multiple chains, one coin.” The new Layer 1 is being designed around workloads where latency matters.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.