Transformative Upgrade Coming to BNB Chain with BEP 336
Get ready for an exciting transformation on BNB Chain as the introduction of BEP 336, inspired by Ethereum’s EIP 4844, promises to optimize data storage and processing on the blockchain. This upgrade is expected to reduce transaction costs by up to 90% and enhance network performance significantly, according to the BNB Chain Blog.
Introducing BEP 336
Officially launching with the Haber hard fork on June 20, 2024, BEP 336 introduces a revolutionary concept called “Blob-Carrying Transactions” (BlobTx), aimed at streamlining the network’s transaction verification process.
- Blob Definition: A temporary memory segment capable of capturing large data chunks up to 128 KB.
- Verification Process: Instead of verifying each transaction individually within a block, the network now only needs to verify the data within the attached blob.
Essential Features of BEP 336
- Blob Market: Establishes a fee market for blobs, regulating storage and transmission costs based on network demand.
- Precompile Contract: Verifies that the data in a blob matches the reference in the blob-carrying transaction, providing an extra layer of security.
- Blob Propagation and Gas Price Mechanism: Tailored to fit BSC’s architecture with a dynamic gas pricing mechanism specifically for blobs.
BEP 336’s Impact on BNB Greenfield
The upcoming BEP 336 update will have a significant effect on BNB Greenfield, particularly in the area of decentralized storage and data management.
- BlobHub: Optimizes large-scale data storage for Layer 2 blockchains and Dapps, enhancing data integrity, accessibility, and longevity within the ecosystem.
Operation of BlobHub
Understanding how BlobHub operates is key to grasping the benefits of BEP 336 for BNB Greenfield:
- Components: Blob-syncer, API server, and bundle service for fetching, storing, and validating blobs.
- Function: Integrates diverse data sources within BSC, handles historical blob queries, and ensures consistency and integrity post-upload.
Advantages of BEP 336
Explore the numerous benefits of the BEP 336 upgrade, set to revolutionize the BSC ecosystem:
- Reduced Gas Fees: Expect up to a 90% reduction in transaction costs on the BSC network, making transactions more affordable for all users.
- Efficient Data Management: Keep the blockchain lean and bloat-free with temporary storage mechanisms, enhancing overall network performance.
- Enhanced User Experience: Lower costs and improved efficiency make the BSC ecosystem more accessible and beneficial for developers and users alike.
Final Thoughts
As BNB Smart Chain embraces the BEP 336 upgrade, prepare to experience unprecedented cost savings and efficiency improvements in data management and transaction costs. Stay tuned for more updates as the mainnet hard fork approaches, promising new opportunities for growth and innovation within the ecosystem.
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