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Developers of the BNB Chain executed a successful hard fork, enhancing the blockchain’s efficiency and decreasing transaction fees. This update also accelerated the transaction verification process and reduced gas prices in Layer 2 protocols.
The BNB Chain development team revealed the successful execution of the Haber hard fork, which primarily involved the BEP-336 network improvement proposal. The goal of this update was to enhance data storage and processing while significantly lowering transaction fees.
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The BEP-336 update for the BNB Chain closely mirrors the EIP-4844 proposal that was previously implemented on the Ethereum network during the Dencun hard fork. The core of this update involves the utilization of BLOB objects, which are temporary memory segments designed to hold substantial amounts of data. This technology alleviates the burden on the mainnet and reduces transaction costs in L2 protocols to $0.0001 per transaction.
Although BEP-336 was specifically developed for the BNB Smart Chain (BSC), it shares similarities with the upgrade for the Ethereum network. For instance, BLOB objects on the BSC are exclusively managed by the BSC client, and the pricing structure is entirely tailored for the network. In contrast to Ethereum’s burning mechanism, BSC does not burn the underlying fee within BLOB objects.
This update is part of the blockchain network’s roadmap for 2024. The BNB Chain team intends to concentrate on creating a cost-effective, rapid, scalable, and secure multichain ecosystem this year to promote broader global adoption of Web3 technologies. Additionally, the team plans to integrate Beacon Chain and BNB Smart Chain into a unified network.
Сообщение Hard Fork Live on BNB Chain, Commissions Down 90% появились сначала на CoinsPaid Media.
