BNB Chain recently activated the Haber hard fork, introducing the BNB Evolution Proposal (BEP)-336 to improve data storage and processing efficiency. The hard fork, completed on June 20, resulted in a significant 90% reduction in blockchain fees. Inspired by Ethereum's EIP-4844, BEP-336 enables blob-carrying transactions, simplifying the verification process. With this implementation, layer-2 costs on the BNB Smart Chain (BSC) are expected to decrease by 90%, with network fees for opBNB's optimistic rollup layer-2 solution dropping to approximately $0.0001. Unlike Ethereum, BSC does not burn base fees within blobs, and the update is specifically tailored for BSC's ecosystem. The new hard fork also enhances BNB Greenfield's decentralized storage capabilities through 'BlobHub,' optimizing data storage for DApps and layer-2 networks. Despite BNB's recent price milestone of $717.48, followed by a correction to $579, it currently stands at $605, outperforming the overall crypto market in early June. Read more AI-generated news on: https://app.chaingpt.org/news