BNB Chain Unveils Greenfield Roadmap
BNB Chain recently revealed the roadmap for its Greenfield decentralized storage network, with a focus on integrating web2 and web3 technologies and fostering innovation to drive blockchain adoption.
In a statement released on December 12, the company outlined key milestones in Greenfield’s development, describing it as an ambitious journey aimed at transforming how users and developers interact with data on-chain and on web2 platforms.
“This roadmap update outlines Greenfield’s upcoming plans to enhance user experience by combining the best of Web2 performance with the innovative features of Web3 in the decentralized storage realm.”
Development Milestones
- Q4 2023: Enable smart contracts and simplify storage provider (SP) exit stages.
- Q1 2024: Improve SP performance and implement garbage collection.
- Q2-Q3: Increase storage speeds by 5x for download and upload utilities.
- Q4: Integrate Artificial Intelligence (AI).
Driving Blockchain Adoption
With a vision for broader blockchain adoption, BNB Chain aims to create a high-performance network capable of competing with major technology firms in web2. This would result in faster transaction processing and streamlined user onboarding.
Cross-Chain Efficiency and Speed
Currently, upload and download speeds are at 2mb/s and 20mb/s, respectively. BNB protocol targets a 5x performance boost by addressing blockchain scaling issues. It includes a bundle service allowing users to group files into a single storage order, akin to lumping on-chain transactions for scalability across multiple chains.
Interoperability and Multi-Chain Ecosystem
A noteworthy update is the interoperability of features, creating a multi-chain ecosystem for users to access diverse platforms. This cross-chain programmability enables smart contracts to become resource owners, granting permissions and control over resources for future operations.
Artificial Intelligence and Governance Model
The project envisions seamless AI integration into web3, offering benefits such as specialized storage models for large files and off-chain generic computing to process substantial data efficiently, reducing time and costs.
Regarding network governance, Greenfield simplifies and reduces the cost of participation for both storage providers and users by minimizing computational demands, simplifying exit processes, and decreasing energy usage on devices.
BSCN is aiming to become the leading media coverage platform around the Binance Smart Chain Ecosystem. With a strong focus towards Content Quality, Decentralized platforms, Hot topics in the market, Informative and education sources and guidance in how to be more aware around unreliable crypto projects.
