BNB Chain releases whitepaper for brand spanking new Web3 blockchain

• BNB Chain introduced the discharge of the Greenfield whitepaper on Wednesday, 1 February 2023.
• The brand new blockchain will present the infrastructure for a decentralised knowledge economic system, powered by BNB.
• Builders are engaged on a testnet anticipated over the following few months.

The BNB Chain group has immediately launched the whitepaper for a brand new decentralised knowledge possession and storage community dubbed BNB Greenfield.

In accordance with the whitepaper, the blockchain-based Web3 knowledge system will provide an infrastructure and ecosystem wanted for a decentralised knowledge economic system. 

Notably, BNB Greenfield will leverage good contracts to facilitate straightforward storage and administration of information, serving to to energy the way forward for Web3 innovation. The BNB Chain group says Greenfield is “the brand new normal in Web3 knowledge possession and utility.”

BNB Chain is happy to announce the discharge of the BNB Greenfield whitepaper.

This new normal in Web3 knowledge possession and utility introduces a brand new structural and financial paradigm for knowledge within the #Web3 period.https://t.co/6IZH1bJevW

[1/7] 🧵… pic.twitter.com/tlCi77ZwPb

— BNB Chain (@BNBCHAIN) February 1, 2023

The structure of BNB Greenfield

Though it’s a brand new blockchain, BNB Greenfield’s infrastructure works inside a trinity, with a storage-oriented blockchain (BNB Greenfield Core), decentralised purposes system (BNB Greenfield dApps) and a cross-chain bridge on the BNB Good Chain. 

All these functionalities are a part of the BNB Chain, a blockchain infrastructure of Binance.

In a blog post, the BNB Chain group stated the blockchain will enable dApps to create, retailer and switch knowledge in addition to monetize it inside a sensible contracts-enabled ecosystem. 

Among the many potential use circumstances on the BNB Greenfield blockchain embrace decentralised purposes in web site internet hosting, private cloud storage, blockchain knowledge storage, publishing and social media. Throughout all of the use circumstances, full possession of the information means customers can wholly profit from the brand new knowledge economic system. 

The Binance Coin (BNB) would be the native token powering the whole ecosystem. As such, customers will be capable of switch BNB from BSC to the Greenfield community, and vice versa, with holders in a position to stake cash, pay gasoline charges or knowledge storage charges.

When will BNB Greenfield launch?

BNB Chain expects to launch BNB Greenfield in coming months, the group announced, including that they’re at present engaged on a testnet. The undertaking entails a collaboration with Amazon Net Providers (AWS), NodeReal and Blockdaemon.