The world’s leading crypto exchange by volume is announcing a new decentralized storage system based on its native blockchain.
In a recent announcement, Binance reveals a Whitepaper for BNB Greenfield, a three-piece Web3-enabled data storage protocol built on top of the BNB Chain.
“BNB Greenfield consists of a trinity that works together to provide a decentralized data storage system with users at the center:
(1) BNB Greenfield Blockchain + Storage Providers.
(2) New BNB Greenfield dApps.
(3) Existing BNB Chain dApps.”
Binance says it’s working with Amazon Web Services (AWS) in building the system, as well as blockchain infrastructure firms NodeReal and Blockdaemon.
According to Binance, the new system aims to allow for personal cloud storage, website hosting, a social media function, as well as storing transaction data from the BNB chain.
The project’s GitHub page gives further insights into the new system’s uses, adding that it has three functions that are different from existing decentralized and centralized storage systems.
“It enables Ethereum-compatible addresses to create and manage both data and token assets. It natively links data permissions and management logic onto BSC as exchangeable assets and smart contract programs with all other assets, [and] it provides developers with similar API primitives and performance as popular existing Web2 cloud storage.
It is expected that Greenfield will set up a playground and test field for new data economy and dApp models, which eventually becomes part of the foundation for Web3.”
Though no specific launch date was mentioned, Binance says it plans to launch BNB Greenfield’s testnet sometime “in the coming months.”
Main content of the article:
Binance, the world’s leading crypto exchange by volume, is introducing a new decentralized storage system based on its native blockchain. The three-piece Web3-enabled data storage protocol, called BNB Greenfield, works with Amazon Web Services (AWS) and blockchain infrastructure firms NodeReal and Blockdaemon. It will enable users to store personal data, websites, and transactions on the BNB Chain. Developers can also use it to create Ethereum-compatible addresses, link data permissions and management logic to BSC, and access API primitives and performance similar to existing Web2 cloud storage. The testnet is expected to launch in the coming months.