Author: Tang Hua Mozhu

The currency market cycles every four years. Four years ago, Binance innovatively launched the IEO model, triggering a wave of bull markets.

Four years later, the already prosperous Binance Chain ecosystem has launched a new distributed storage system - BNB Greenfield, which has attracted huge attention in the industry.

As we all know, previously popular storage projects such as Filecoin have long wanted to make smart contracts, but progress has been slow. Can BNB Greenfield take the lead this time? What are the features and potential of BNB Greenfield? Let’s do a detailed analysis today:

The double-layer structure of BNB Greenfield core

The core of the BNB Greenfield system consists of two layers of information systems.

Consensus layer

The essence of the consensus layer is a public chain, and the consensus data of the application is written into the block.

Information about the tokens held in an address is stored in the consensus layer. Including basic information of fungible tokens (TOKEN) and non-fungible tokens (NFT) (ID of NFT metadata in storage, etc.). Transaction information is stored in the consensus layer, such as transfers, transaction information in DEX or other DAPP applications.

storage layer

The storage layer is a decentralized storage system, and the metadata of files is stored in the storage layer.

For example, NFT metadata, original files of pictures and videos, etc. are written to the storage layer.

The storage layer consists of several storage providers (SP, Storage Providers) that jointly perform file storage. Each SP runs an independent storage system. Greenfield validators will vote for SPs through a dedicated governance process.

SPs use P2P to provide storage services, similar to BitTorrent. Therefore, although Greenfield storage is off-chain, it is still decentralized and still conforms to the spirit of the blockchain. Files uploaded by users to Greenfield will not be modified. Of course, users can delete and re-upload them (of course, the re-uploaded file will not have the same ID as the original file).

Therefore, when DAPP is developed on the Greenfield decentralized storage public chain, the data and files in the application are stored in a decentralized manner, making it a truly decentralized application.

If BNB Greenfield is successfully launched, it will be the first public chain to combine smart contracts with decentralized storage. This will be another milestone in the development of the Web3 industry.

BNB Greenfield DAPP experience

Developer experience

For DAPP developers, since Greenfield supports EVM, which is the same as the DAPP environment of Ethereum and BNB Chain, Ethereum and BNB Chain developers can develop DAPPs directly on Greenfield.

According to the Greenfield white paper, SPs (storage providers) provide publicly accessible APIs for users to upload, download, and manage. These APIs are similar to Amazon S3's APIs, which are tools that developers are familiar with. In fact, for developers, using the API itself is very simple.

user experience

Greenfield DAPP is a truly decentralized application, and the official website clearly states "Log in using a key (ID) based on anonymous encryption." Based on the above, Greenfield users can get a better security experience.

When users interact on the Greenfield chain, they can refer to the experience of the original BNB Chain, which has high TPS and fast transaction speed.

As for the efficiency of uploading and downloading files when users apply it to file storage, the official description is to "create, read and execute data using a user experience similar to today's leading state-of-the-art cloud storage services." In theory, users' writing and reading The efficiency of fetching files should not be bad. This will have to wait until it goes online to get specific experience.

Generally speaking, the development experience of Greenfield DAPP will most likely be better. Developers can easily get started and there is no technical threshold. The user experience needs to wait until Greenfield is implemented.

The BNB Chain core team and some community developer teams, including Amazon Cloud (AWS), NodeReal and Blockdaemon, have started working around BNB Greenfield and plan to release the test network in a few months, let us wait and see.

Ecology of BNB Greenfield

As mentioned before, Greenfield supports EVM, which means that Greenfield has certain compatibility with smart contracts of Ethereum and BNB Chain. Mainstream applications such as AAVE and pancakeSwap can be connected to Greenfield.

According to the white paper, there will be a native cross-chain bridge between Greenfield and BSC, which means that the BSC ecosystem and the Greenfield ecosystem can be connected, and the data and tokens of the two ecosystems can be interoperable. Moreover, Greenfield storage is the first choice for BSC DAPP.

BSC (now called BNB Chain) is one of the public chains with the highest user activity:

As a decentralized storage public chain, Greenfield's ecological sources include: the new DAPP ecology, the BSC chain's demand for decentralized storage, and the demand for decentralized storage from applications other than BSC.

It can be seen that Greenfield’s ecology has considerable room for development.

Of course, there are no new tokens. BNB Greenfield’s underlying token is still BNB, and Greenfield’s GAS and storage fees are still paid using BNB. 1 token, multiple public chains, multiple applications: This will be the third blockchain to use BNB as its native token after BNB Beacon Chain and BNB Smart Chain. .

BNB and Greenfield empower each other

In September 2020, BNB Smart Chain was launched, transforming BNB from a platform currency to an ecological currency. The launch of BNB Greenfield will once again broaden the use scenarios of BNB and open up the space for imagination.

BNB=CEX+BNB beacon chain+BNB smart chain+Greenfield storage public chain+……

Greenfield integrates smart contract public chains with decentralized storage, which will be a milestone in the development of the Web3 industry. This will truly allow users to store and own data as well as trade/financialize their own data.

It is conceivable that the implementation of Greenfield will definitely inject more value into BNB. The growth of BNB can also open up a larger developer community, user scale and ecological value system for Greenfield...

#bnbgreenfield #onecoinmultiplechains