BNB Chain launches the hard fork Haber: efficiency and reduced fees

BNB Chain Recently launched a successful hard fork HarborWe are implementing BEP-336, which introduces Blob Transport Transactions. This innovation is designed to optimize both data storage and processing on the network.

In addition to increasing efficiency, the Haber hard fork will also reduce fees, making the BNB Chain more competitive and attractive to users. Let’s take a closer look at the details below.

BNB Chain Activates BEP-336: Hard Fork Implements New Blob Transfer Transactions

As expected, the BNB Chain has successfully announced the activation of the hard fork. Harbor, Introducing BNB Evolution Proposal (BEP)-336.

this update It aims to improve data storage and processing on blockchain networks, with a particular focus on reducing blockchain fees by up to 90%.

BEP-336 was inspired by Ethereum Improvement Proposal (EIP)-4844. Transactions carrying blobsThe transaction verification process is greatly simplified.

According to a statement from BNB Chain, the implementation of BEP-336 will significantly reduce Layer 2 costs on the BNB Smart Chain (BSC). Optimistic projections suggest that network fees for the rollup Layer 2 solution opBNB will be around $0.0001.

With this update, transactions are validated within linked blobs instead of individually within each block.

A BLOB represents a temporary memory segment that captures large blocks of data, optimizing data storage and improving overall network efficiency.

Differences from Ethereum’s EIP-4844

This new approach: EIP-4844 The Ethereum blockchain has been specifically adapted for BSC by BNB Chain.

BLOBs on BSC are managed solely by BSC clients, and the pricing mechanism is customized to meet the needs of blockchain BSC.

Unlike Ethereum, BSC does not burn base fees within the blob and maintains a different approach to fee processing.

The new update is not only available on the main network, BNB Greenfield.

In short, it is a decentralized storage solution that will significantly improve data management and storage with a new data storage layer, “BlobHub”.

This important step comes at a defining moment for BNB, the native cryptocurrency of the BNB Chain.

On June 6th, BNB hit an all-time high. $717.48However, on June 18, the price dropped to $579 and BNB is currently stable at around $605.

The rise in BNB price in the first week of June outpaced the general cryptocurrency market, recording a 19% increase compared to just a 4.2% increase in the overall market.

Nonetheless, traders remain cautious about the sustainability of this rally and are constantly on the lookout for indicators that could confirm BNB’s continued growth.

Binance and HODLer Rewards Campaign: Simple Earn BNB Tokens

Binance recently launched a new HODLer It is a rewards program for users who hold and participate in Simple Earn using Binance Coin (BNB).

The initiative aims to reward BNB holders with tokens from selected widely circulated projects that will be listed on Binance.

To participate, users simply need to visit the “Earn” section on Binance and subscribe to either the Flexible Earn or Locked Simple Earn products using BNB.

Binance will notify users of the upcoming distribution of the HODLer airdrop and provide them with full details of the tokens they will receive. The program aims to support small and medium-sized projects with a strong foundation and active community.

Before each airdrop, Binance Detailed information Regarding the token distribution process:

To determine user rewards, Binance takes multiple random snapshots of a user’s balance and the total pool balance over the course of an hour. These snapshots are used to calculate the user’s average hourly balance for both flexible and locked Simple Earn products.

The historical snapshot is used to calculate rewards that will be distributed to users. To participate in Binance’s HODLer airdrop, you must complete account verification (KYC) and reside in a valid jurisdiction.

Each airdrop will have a maximum participation limit of BNB per user, which will be specified in each announcement.

In the event that multiple HODLer airdrops are active at the same time, users’ BNB assets within Simple Earn products will be distributed among the ongoing projects unless otherwise specified.

The token airdrop will be transferred to users’ Spot wallets before the project gets listed on Binance Spot.

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