CryptoMediaClub
Friday, August 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

BNB Greenfield hits testnet, decentralized storage coming to BNB Chain

12.04.2023
A A
0
127
VIEWS
ShareShare

The BNB Chain ecosystem is set to integrate decentralized storage solutions, with testing of its BNB Greenfield beginning on April 10.

BNB Greenfield is modeled to emulate conventional Web2 cloud storage solutions, providing fast and cost-effective data services in combination with enhanced ownership and integration for Web3 applications and services.

The announcement of the testnet shared with Cointelegraph outlined initial features that will allow users and developers to begin using decentralized storage.

Data permission can be moved cross-chain to the BNB Smart Chain, allowing data to be turned into tradeable digital assets that can be integrated with a variety of decentralized finance (DeFi), nonfungible tokens (NFTs) and GameFi apps on the BNB Chain.

Related: BNB Chain now has more unique addresses than Ethereum, developer says

Users can create wallets and manage data on BNB Greenfield, while developers are able to exercise control over data assets. This includes the ability to set access and conditions both manually or programmatically.

A relayer links the BNB Chain and Greenfield, which allows BNB Chain decentralized applications (DApps) to integrate with Greenfield using a software development kit. The Binance ecosystem’s BNB (BNB) token will serve as the gas and governance token for BNB Greenfield. Validators will stake BNB, participate in network governance and earn revenue from storage fees.

Meanwhile, users create accounts, transfer BNB to manage storage resources, and use native cross-chain communication between BNB Chain and Greenfield.

The Greenfield testnet will see storage providers (SPs) work with validators to facilitate the platform’s storage services. SPs are responsible for storing actual data, while validators process metadata and financial ledger information through consensus algorithms.

To become an SP, a user must deposit a service stake on the Greenfield blockchain, which is then voted for by validators through the governance process. The design aims to ensure efficient user data storage, redundancy and security. Greenfield’s proof-of-stake mechanism institutes decentralized governance of the platform.

BNB Chain senior solution architect Victor Genin said that Greenfield is now open for SPs and users to begin stress testing the service on its Congo testnet:

“Developers will be able to choose to store data anywhere, from decentralized terminals to centralized storage services while validators will be instrumental in shaping the future of data ownership and utility in Web3.”

With over 1,400 active DApps and 200 million unique addresses across the BNB Chain, the firm envisions its data storage solution to serve a booming data economy. Data from Fortune Business Insights estimates that the global data storage market will be valued at over $777 billion by 2030.

Magazine: Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Brooklyn court charges former banker for allegedly defrauding crypto investors

Brooklyn court charges former banker for allegedly defrauding crypto investors

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Zero-knowledge proofs vs. CBDCs: the fight for privacy amid central banks’ bid for control

2 years ago
Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout

Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout

2 years ago
New Solana Meme Coin DogWifCat Explodes 2,367% in 24 Hours, Next $BOME?

New Solana Meme Coin DogWifCat Explodes 2,367% in 24 Hours, Next $BOME?

1 year ago
DePIN Ecosystem Shows Rapid Growth

DePIN Ecosystem Shows Rapid Growth

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

Pepe Price Prediction: No Buyers, No Volume – Is This Meme Coin About to Fade Into Oblivion?

APT Miner Launches Cloud Mining App, Supports Multiple Cryptocurrencies and Green Energy

Mastercard Launches Stablecoin Settlements in EEMEA

The 2nd Edition of the CoinFerenceX Decentralized Web3 Summit: Builders, Investors, and Developers Meet Again to Shape The Web Space

Trending

Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid
Analysis

Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid

29.08.2025
0

Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to...

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

Crypto Treasury Boom Triggers Insider Trading Concerns – Fortune Report

29.08.2025
PYTH rockets 48%, CRO 38%: 24 hour altcoin gainers you can’t ignore

PYTH rockets 48%, CRO 38%: 24 hour altcoin gainers you can’t ignore

28.08.2025
Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

Google’s Gemini AI Predicts the Price of XRP, Solana, and Cronos by the End of 2025

28.08.2025
Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

Solana DeFi TVL nears all-time high at $11.7B but daily fees remain stuck under $2 million

28.08.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz