Blockchain
New Utility for BNB Coin
It’s the start of a brand new period for the BNB Chain ecosystem, because the BNB Greenfield testnet, referred to as “Congo,” has gone reside. The decentralized good storage community offers customers management over their knowledge and goals to offer the Web3 equal to Web2 cloud storage.
🚀1/ 🎉 Thrilling information! BNB Greenfield Testnet is LIVE! 🧵https://t.co/O5BkyIKbHY
— BNB Chain (@BNBCHAIN) April 11, 2023
A BNB Chain Weblog put up confirms that the brand new Greenfield community shall be powered by the BNB coin, giving it new utility.
“The BNB token’s use will lengthen to large-scale knowledge storage and buying and selling, which is able to improve its worth over time,” in keeping with the put up.
As BSC Information reported beforehand, BNB Chain is successfully inventing a brand new blockchain that may enable customers and Decentralized Purposes (dApps) the flexibility to retailer, entry, and handle their knowledge with private keys and personal accessibility.
The weblog put up states, “A local relayer hyperlinks BSC and Greenfield, enabling BSC Dapps to combine with Greenfield utilizing a easy SDK and minimal growth. Upon Greenfield mainnet launch, hundreds of Dapp knowledge units shall be out there, fostering fast ecosystem progress and easing data-related innovation in comparison with different chains.”
Based on BNB Chain, the defining traits of Greenfield are:
- Information possession
- EVM compatibility by integration with BSC
- Excessive efficiency wealthy API/SDK.
BNB Chain has put out a name for testnet builders and introduced that grants will quickly be open for Greenfield grants.
Greenfield’s mainnet launch is scheduled for the third quarter of 2023.
What’s BNB Chain:
Beforehand generally known as the Binance Good Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that’s powered by Binance. It consists of BNB Beacon Chain and BNB Good Chain, EVM suitable and facilitating a multi-chain ecosystem. By the idea of MetaFI, BNB Chain goals to construct the infrastructure to energy the world’s parallel digital ecosystem.