Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs.

Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.”

The new solution will allow users to confirm their transactions on the Bitcoin network quicker regardless of any potential network congestion issues, it noted.

Binance Pool is the exchange’s service platform dedicated to improving the income of BTC miners.

Binance Teasing a Layer-2

The Bitcoin network has struggled under demand for block space recently amid the BRC-20 memecoin minting and ordinal inscriptions craze.

In May, regular users suffered from high transaction fees and a backlog of unconfirmed transactions in the Bitcoin mempool.

The new transaction accelerator will only be available for verified Binance Pool users.

Also on June 15, BNB Chain posted a short video teasing a new layer-2 solution. It said the new offering would be “coming soon” on June 19, but no further details were provided.

19.6.23 pic.twitter.com/R8ZLTNt4kS

— BNB Chain (@BNBCHAIN) June 15, 2023

Some in the crypto community suggested that BNB Chain will emulate Polygon and launch a zkEVM for layer-2 chains.

A zero-knowledge Ethereum Virtual Machine is a fully compatible layer-2 solution that can seamlessly integrate with Ethereum’s smart contract ecosystem.

Binance is currently embroiled in a battle with the U.S. Securities and Exchange Commission, which sued the firm last week for violating se