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Binance’s BNB Chain to Offer New Decentralized Storage System

BNB Greenfield’s test net will be released over the next few months, according to the project’s white paper, released Wednesday morning.

Binance's blockchain system BNB Chain released BNB Greenfield's white paper on Wednesday morning, which is also a new decentralized data information storage system that will improve Binance's existing decentralized Internet.

According to the project announcement, distributed storage systems with intelligent contract integrated Web3 applications will be powered by BNB tokens. The system is committed to granting consumer and distributed applications (Dapp) and complete access to the database, enabling the system software to support website agent operation, distribution, file storage and personal cloud applications.

According to this white paper, the group development team from Amazon platform Internet Services, NodeReal and Blockdaemon plans to release the BNB Greenfield experimental network in the near future.

The latest decentralized launch of BNB drive chain comes at a time when Binance is increasing its influence in the decentralized financial industry after the bankruptcy of several high-profile centralized login password trading centers. Binance Smart Chain (BSC), the previous generation of goods on the Internet, has been criticized for being too centralized and easily driven by blankets.

On Wednesday, the release of the distributed storage system white paper had no effect on the price of other storage tokens. The current share prices of Filecoin (FIL), Storj (Storj) and Arweave (AR) are respectively 2 per cent, 5 per cent and 6 per cent higher than their pre-announcement prices.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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