🐠What is BNB Greenfield?

BNB Greenfield is a decentralized storage infrastructure within the broader BNB Chain ecosystem where users and dApps can create, store, and exchange data with full ownership to form a new data economy.

There is a rumor that there is one coin and three chains. At the beginning of this article, I would like to explain this concept to everyone. BNB Greenfield is the third chain in the BNB ecosystem after BNB Beacon Chain and BNB Chain. All three chains use BNB as the native token! ! ! ! ! ! ! ⚠️Highlight! BNB One Coin Three Chains! ! ! !#bnb#bnbchain

🦄What BNB Greenfield can bring to ordinary retail investors:

Decentralized underlying architecture: assets, storage, computing power; after Ethereum brought smart contracts to the crypto world, smart contracts have become an indispensable part of the crypto world. Smart contracts with computing power have brought programmability and composability to the crypto world, which has also laid the foundation for the prosperity of DeFi and NFT. In addition to providing users with complete decentralized services and helping users to completely decentralize on the Internet, the chain currently lacks an important link in storage; BNB Greenfield, as a decentralized data storage system integrated with application smart contracts, naturally came into being.

In addition to considering the huge ecosystem system, BNB Greenfield also adopts more mainstream APIs. Its storage services will also be denominated in US dollars, but the payment will be made in BNB. Taking BNB Smart Chain as an example, these basic fees consume most of the BNB, which is equivalent to burning 🔥BNB tokens, laying the foundation for the future growth of BNB.

🐳As long as you dare to think:

Compared with the development of public chain smart contracts, we have already experienced many decentralized applications, while decentralized data storage has only entered the first chapter of development, and the volume of data carried is incomparable to traditional storage. However, the massive amount of data generated every day will only accelerate its production scale, which also makes storage an important and profitable business. According to IDC's "Global Enterprise Infrastructure Quarterly Tracking Report: Buyers and Cloud Deployment", the global cloud storage market size is expected to reach more than US$100 billion from 2020 to 2025.

The reason why decentralized storage is important is that it has obvious cost advantages. Because distributed storage changes the production relationship through nodes and token rewards, allowing end users to use storage, indexing and other services at very low prices. Greenfield is positioned more like a storage cloud service provider for layer2 projects. In the future, you can imagine that whether it is network deployment or enterprise cloud services, they can all run on BNB Greenfield.

🐱BNB, a rising star, have you seen it?

In September 2022, BNB Smart Chain was launched, transforming BNB from a platform currency to an ecological currency. Now BNB has expanded its usage scenarios again and become the native governance and gas token of a distributed storage public chain/BSC side chain. One coin has three empowerments. In the future, you can regard BNB as an index or fund, because it is no longer the previous exchange token. There will be too many empowerment conditions for BNB in ​​the future!

At present, Greenfield has not yet disclosed its economic model, such as how much BNB SPs need to hold and stake for registration and verification node election, and incentive design is needed to ensure that there are an appropriate number of SPs. SPs need to comply with a series of actions to ensure user data redundancy, otherwise they will be fined. With the launch of Greenfield, there will be a series of BNB demands, such as SPs will have the need to purchase or borrow BNB for pledge, and users will need to pay BNB as storage or execution fees when using Greenfield. In the future, if a real-time burning mechanism is implemented like BSC, and the Gas fee collected by the verification node in each block is burned at a fixed ratio, the total amount of BNB in ​​circulation will be further reduced, exacerbating the scarcity of BNB.

According to estimates, the current market value of Arweave is 800 million, and the market value of BNB is 65 billion. After decentralized storage begins, the market value of BNB will rise to a higher level. After all, Binance is the world's largest exchange. After the third chain of storage cloud services begins, the future ecology will be better. Respect💙