The BNB Smart Chain team will conduct a Haber hard fork to reduce transaction fees by 90%

GetBlock Magazine - What happened? The BNBSmart Chain (BSC) blockchain team from leading centralized crypto exchange (CEX) Binance will implement an improvement numbered BEP 336, similar to EIP 4844 on the Ethereum network. EIP 4844 was activated as part of the Dencun hard fork in March and allowed to reduce transaction fees on second-level (L2) networks by 60-90% using proto-danksharding. It scales the blockchain and reduces the cost of gas by introducing a new mechanism for storing compressed large amounts of binary data (blobs).

Press release

What else is known? BEP 336 from BNB Chain will be activated as part of the Haber hard fork scheduled for June 20th. This update optimizes data storage and processing on the blockchain. As with Dencun from the Ethereum team, it will improve network performance and reduce transaction costs by up to 90%.

The BEP 336 enhancement will introduce transactions using blobs into the network, which will simplify the transaction verification process.

A blob is a temporary, low-cost segment of memory that can store large amounts of data, each up to 128 KB in size. Instead of individually validating each transaction within a block, the network will only need to validate the data in the attached blob.

Unlike Ethereum, blobs in BSC are managed exclusively by the blockchain client. The update will also implement a mechanism for dynamic gas pricing for blobs. Unlike Ethereum's fee burning mechanism, BSC does not burn the base fee associated with blobs.

The update will also have a significant impact on BNB Greenfield. Greenfield is expanding its decentralized data storage and management capabilities with BlobHub. This is an archiving layer that optimizes large-scale data storage for L2 networks and decentralized applications (Dapps).

The temporary storage mechanism ensures that the blockchain remains compact and not cluttered, which will improve performance. This data processing strategy helps maintain data integrity and availability without taking up unlimited network space.

By reducing costs and increasing efficiency, BEP 336 will make the ecosystem more accessible to a wider audience of developers and users. It will also have a positive impact on L2 networks such as opBNB.