April 11, 2023 at 13:14 GMTModified date: April 13, 2023 at 19:13 GMT
April 11, 2023 at 13:14 GMT

BNB Chain Testing Decentralized Storage Solution

BNB Chain is inviting developers, validators, and storage providers to begin testing BNB Greenfield, its decentralized storage solution.

BNB Chain Testing Decentralized Storage Solution

BNB Chain is inviting developers, validators, and storage providers to begin testing BNB Greenfield, its decentralized storage solution.

BNB Greenfield will emulate conventional Web2 cloud storage solutions, offering fast and cost-effective data services in combination with enhanced ownership and integration for Web3 applications and services.

The platform will allow users to create wallets and manage data on BNB Greenfield, while developers will have the ability to control data assets, setting access and conditions both manually and programmatically. Validators will stake BNB, participate in network governance and earn revenue from storage fees.

The Binance ecosystem’s BNB token will serve as the gas and governance token for BNB Greenfield. The Greenfield testnet will see storage providers (SPs) work with validators to facilitate the platform’s storage services. SPs will be responsible for storing actual data, while validators will process metadata and financial ledger information through consensus algorithms.

With over 1,400 active DApps and 200 million unique addresses across BNB Chain, the company envisions its data storage solution to serve a booming data economy.

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