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News

BNB Chain BEP-336 Coming Soon Inspired by Ethereum’s EIP-4844

June 18, 2024 - Around 2 mins mins to read

Key Points:

  • BNB Chain BEP-336, inspired by Ethereum’s EIP-4844, scheduled to launch on June 20, will help cut transaction costs by up to 90%.
  • BEP-336 introduces Blob-Carrying Transactions to simplify and optimize data storage and verification.
  • The update will also enhance 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, promising to reduce transaction costs by up to 90%.
BNB Chain BEP-336 Coming Soon Inspired by Ethereum’s EIP-4844

BNB Chain BEP-336 Launched to Reduce Transaction Costs

BNB Chain BEP-336 will be officially introduced through 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 streamline the transaction verification process within the network.

A Blob is a temporary and cost-effective memory segment capable of capturing large data blocks, with each block able to reach up to 128 KB. Instead of verifying each transaction individually, the network only needs to verify the data within the attached Blob, enhancing efficiency and reducing computational load.

Enhanced Decentralized Storage with BNB Greenfield’s BlobHub

The update will significantly impact BNB Greenfield, a platform enhancing decentralized storage and data management. Greenfield incorporates “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 data-intensive blockchain environment.

The introduction of BNB Chain BEP-336 is expected to have wide-ranging implications for both developers and users within the BSC ecosystem. The temporary storage mechanism keeps the blockchain lean and bloat-free, improving overall network performance.

By lowering costs and enhancing efficiency, BNB Chain BEP-336 makes the BSC ecosystem more accessible to a wider audience, from experienced developers to blockchain newcomers. The upgrade also promises benefits for opBNB and other Layer 2 solutions on BSC, further enhancing the platform’s appeal and usability.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

BEP-336

BNB

BNB Chain

BNB Chain BEP-336

BSC

EIP-4844

Ethereum

opBNB

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

BNB Chain BEP-336 Coming Soon Inspired by Ethereum’s EIP-4844

Key Points:

  • BNB Chain BEP-336, inspired by Ethereum’s EIP-4844, scheduled to launch on June 20, will help cut transaction costs by up to 90%.
  • BEP-336 introduces Blob-Carrying Transactions to simplify and optimize data storage and verification.
  • The update will also enhance 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, promising to reduce transaction costs by up to 90%.
BNB Chain BEP-336 Coming Soon Inspired by Ethereum’s EIP-4844

BNB Chain BEP-336 Launched to Reduce Transaction Costs

BNB Chain BEP-336 will be officially introduced through 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 streamline the transaction verification process within the network.

A Blob is a temporary and cost-effective memory segment capable of capturing large data blocks, with each block able to reach up to 128 KB. Instead of verifying each transaction individually, the network only needs to verify the data within the attached Blob, enhancing efficiency and reducing computational load.

Enhanced Decentralized Storage with BNB Greenfield’s BlobHub

The update will significantly impact BNB Greenfield, a platform enhancing decentralized storage and data management. Greenfield incorporates “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 data-intensive blockchain environment.

The introduction of BNB Chain BEP-336 is expected to have wide-ranging implications for both developers and users within the BSC ecosystem. The temporary storage mechanism keeps the blockchain lean and bloat-free, improving overall network performance.

By lowering costs and enhancing efficiency, BNB Chain BEP-336 makes the BSC ecosystem more accessible to a wider audience, from experienced developers to blockchain newcomers. The upgrade also promises benefits for opBNB and other Layer 2 solutions on BSC, further enhancing the platform’s appeal and usability.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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