The BNB Chain Application Sidechain (BAS) has proved to be an efficient scaling solution since its launch earlier this year. Now, Verse Network by STP is pleased to announce the launch of the Verse’s blockchain on BAS powered by Ankr BAS framework. DAOs can now seamlessly execute on-chain governance and other DAO related activities with minimal fees on this chain.

What is Verse Network?

Verse Network is a full suite of native tools and infrastructures facilitating efficient decentralized decision-making for users, communities and organizations to streamline the creation and management of DAOs. Through Verse Network, users can access a suite of no-code DAO tools to launch and manage their DAOs on a range of blockchains.

Verse Network Choosing to Build on BAS

BAS has many advantages for the development of Verse Network, enabling users and project teams to create and manage DAOs on the platform seamlessly.

Stability: Through a scalable sidechain solution, BAS provides high throughput including over 5,000 TPS, ultra-low gas fee, and full EVM compatibility, which is important for any large-scale platform applications including Clique to create disruptive governance experience on the blockchain.

Scalability and Customizability: The blockchain can be built with huge flexibility of validator set, tokenomic design, and network configurations, which enables more scalability on the product for users.

Security: BAS uses the BNB Smart Chain codebase and fully trust EVM (Ethereum Virtual Machine) from the official Go-Ethereum codebase. Everything that goes on BAS is controlled by the governance model: from the blockchain consensus, change proposals and staking.

Larger ecosystems penetration through BNB Chain and BNB Sidechain: BNB Chain and BNB Sidechain are seamlessly integrated and BNB Chain DeFi/NFT liquidity and user base (>2M DAU ATH)

Verse Network Architecture on BAS

Powered by Ankr BNB Chain-Application-Sidechain (BAS) framework, Verse Network’s chain is built with flexible, convenient, and easy-to-use multi-modular blockchain architecture. The core modules for this purpose include Parlia Consensus Engine, Pool & Staking, Governance, Dynamic Runtime Upgrades, and Reward Management, and these modules will be built with System Smart Contract and Ethereum Virtual Machine (EVM) machines. Verse solves the virtual machine security issues by fully trusting the EVM of the official Go-Ethereum codebase. EVM, which has been audited thousands of times, is widely used in blockchain networks.

To fully manage and validate governance and reward distribution in an EVM runtime environment, Verse implements the relevant logic directly using Smart Contract without relying on third-party services.

In Sum 

Launching Verse’s blockchain on BAS allows for scaling and new functionality within the Verse Network. Building on BAS provides an efficient and flexible architecture expanding the possibilities for DAOs within our Ecosystem. 

Learn more about Verse Network, please check here