Binance Announces New Decentralized Storage System Based on the BNB Chain

The world’s main crypto alternate by quantity is asserting a brand new decentralized storage system based mostly on its native blockchain.

In a current announcement, Binance reveals a Whitepaper for BNB Greenfield, a three-piece Web3-enabled information storage protocol constructed on prime of the BNB Chain.

“BNB Greenfield consists of a trinity that works collectively to supply a decentralized information storage system with customers on the heart:

(1) BNB Greenfield Blockchain + Storage Suppliers.

(2) New BNB Greenfield dApps.

(3) Present BNB Chain dApps.”

Binance says it’s working with Amazon Net Companies (AWS) in constructing the system, in addition to blockchain infrastructure companies NodeReal and Blockdaemon.

In accordance with Binance, the brand new system goals to permit for private cloud storage, web site internet hosting, a social media perform, in addition to storing transaction information from the BNB chain.

The mission’s GitHub web page provides additional insights into the brand new system’s makes use of, including that it has three features which might be totally different from present decentralized and centralized storage methods.

“It permits Ethereum-compatible addresses to create and handle each information and token belongings. It natively hyperlinks information permissions and administration logic onto BSC as exchangeable belongings and good contract applications with all different belongings, [and] it gives builders with comparable API primitives and efficiency as common present Web2 cloud storage.

It’s anticipated that Greenfield will arrange a playground and check discipline for brand new information economic system and dApp fashions, which ultimately turns into a part of the inspiration for Web3.”

Although no particular launch date was talked about, Binance says it plans to launch BNB Greenfield’s testnet someday “within the coming months.”

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