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- Users and dApps can have full ownership of their data on Greenfield.<\/em><\/li>\n
- Greenfield surpassed the industry standard in upload and download speeds during testing.<\/i><\/li>\n<\/ul>\n
After a rigorous six-month testing phase, BNB Chain<\/a> formally announced<\/a> the mainnet launch of its decentralized storage network Greenfield, marking a \u201cnew era for Web3 data ownership.\u201d<\/p>\n
\nRead Binance Coin\u2019s [BNB] Price Prediction<\/a>\u00a02023-24<\/p>\n
\nDelving into Greenfield<\/h4>\n
Greenfield is a novel blockchain solution that aims to emulate popular existing Web2 cloud storage solutions in performance while leveraging smart contracts as the underlying technology.<\/p>\n
By using the storage-oriented network, users and decentralized applications (dApps) can have full ownership of their data and store them in clouds for security. To the contrary, Web2 solutions like the Amazon Web Services (AWS) give centralized entities control over data.<\/p>\n
The Greenfield network works in tandem with storage providers (SPs). The SPs are storage service infrastructures that respond to user requests to upload and download data. SP\u2019s then store the data off-chain with redundancy and backups.<\/p>\n
Additionally, Greenfield would have a native bridge to BNB Smart Chain, the EVM-compatible blockchain of BNB Chain. With this, the data created on Greenfield could be integrated with DeFi applications, thus unlocking new use cases and business models.<\/p>\n
BNB Chain stated that the network facilitated more than 200,000 on-chain transactions with a unique address count of 150,000 as part of the testing stage. Moreover, it was claimed that Greenfield surpassed the industry standard in upload and download speeds.<\/p>\n
During stress testing, the uplink bandwidth was found to be 30 M\/sec, while the downlink bandwidth reached 300 M\/sec.<\/p>\n
How did BNB react?<\/h4>\n
As per an earlier overview document, Greenfield\u2019s native token<\/a> for gas and governance would be BNB. Despite the deep linkages, the fourth-largest crypto didn\u2019t react overwhelmingly to the news of the launch.<\/p>\n
At the time of writing, BNB was valued at $213.45, with marginal gains of 0.24% from yesterday, per CoinMarketCap<\/a>.<\/p>\n
\n - Greenfield surpassed the industry standard in upload and download speeds during testing.<\/i><\/li>\n<\/ul>\n
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