BNB Chain is about to experience a significant upgrade with the introduction of BEP 336, inspired by Ethereum's EIP 4844. This enhancement aims to optimize data storage and processing, potentially reducing transaction costs by up to 90% and improving network performance. Here’s what you need to know about BEP 336.
What is BEP 336?
BEP 336 will be introduced via the Haber hard fork on June 20, 2024. It features "Blob-Carrying Transactions" (BlobTx), designed to streamline transaction verification by allowing the network to verify data within attached blobs instead of each transaction individually.
Key Components:
- Blob Market: Establishes a fee market for blobs, adjusting storage and transmission costs based on demand.
- Precompile Contract: Verifies that the data in a blob matches the reference in the transaction, adding security.
- Blob Propagation and Gas Price Mechanism: Manages blobs solely via the BSC client and implements a dynamic gas pricing mechanism.
Impact on BNB Greenfield:
BEP 336 also affects BNB Greenfield, which enhances decentralized storage with "BlobHub," optimizing large-scale data storage for Layer 2 blockchains and Dapps. BlobHub ensures data integrity, accessibility, and longevity.
Benefits of BEP 336:
- Reduced Gas Fees: Lowers transaction costs by up to 90%.
- Efficient Data Management: Keeps the blockchain lean and efficient.
- Enhanced User Experience: Makes the BSC ecosystem more accessible.
With BEP 336, BNB Smart Chain is set to deliver unprecedented cost savings and efficiency. Stay updated on this transformative upgrade by following BNB Chain’s official channels.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
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