Most important points:
- BNB Chain BEP-336, inspired by Ethereum’s EIP-4844, scheduled to launch on June 20, will help reduce transaction fees by up to 90%.
- BEP-336 introduces Blob-Carrying Transactions to simplify and optimize data storage and verification.
- The update will also improve BNB Greenfield’s decentralized storage, improve network performance and benefit users and developers.
On June 18, BNB Chain unveiled BEP-336, a groundbreaking protocol inspired by Ethereum’s EIP-4844. This new update aims to revolutionize data storage and processing on the blockchain and promises to reduce transaction fees by up to 90%.
BNB chain BEP-336 launched to reduce transaction costs
BNB Chain BEP-336 will be officially introduced via the Haber hard fork, scheduled for June 20, 2023. A central feature of BEP-336 is the introduction of Blob-Carrying Transactions (BlobTx), designed to accelerate the transaction verification process within the network.
A Blob is a temporary and cost-effective memory segment that can capture large blocks of data, with each block reaching a maximum of 128 KB. Instead of verifying each transaction individually, the network only needs to verify the data within the linked Blob, improving efficiency and reducing the computational burden.
Enhanced decentralized storage with BNB Greenfield’s BlobHub
The update will have a significant impact on BNB Greenfield, a platform that improves decentralized storage and data management. Greenfield includes ‘BlobHub’, a data archive layer that optimizes large-scale data storage for Layer 2 blockchains and decentralized applications (dApps). BlobHub ensures data integrity, accessibility and longevity, which are crucial in a target=”_blank” rel=”noreferrer noopener”>BSC ecosystem that is more accessible to a wider audience, from experienced developers to blockchain newcomers. The upgrade also promises to benefit opBNB and other Layer 2 solutions on BSC, further increasing the platform’s appeal and usability.