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BNB Chain – the community-oriented blockchain ecosystem – has declared the public launch of the Greenfield Mainnet.
As stated in the official blog post, Greenfield is a decentralized network focused on storage, intended to support data-heavy decentralized applications within the BNB ecosystem. This network is designed to provide customizable storage solutions that integrate smoothly with smart contracts on the BNB Smart Chain.
BNB Reinforces Decentralized Data Storage
In multiple rounds of stress testing, Greenfield achieved an uplink bandwidth of 30M/sec and a downlink bandwidth of 300M/sec, with each service provider capable of uploading 30 files per second.
Greenfield is also responsible for providing integrated access control, enabling users to upload data and establish specific access permissions prior to service providers storing it off-chain with significant redundancy and backups.
Moreover, the blockchain’s cross-chain functionalities allow BNB Chain users to create complementary data-related products and services. Users can further leverage their data by forming data marketplaces through Greenfield, where they can create, list, trade, and sell their data.
During the testing phase, the network successfully processed over 200,000 on-chain transactions and connected with 150,000 unique wallet addresses.
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In addition to its primary role of storing large volumes of data, Greenfield provides a wide array of applications for users, developers, data managers, business owners, and creators, including decentralized hosting, a knowledge economy platform, IP infrastructure for AIGC content, and data management solutions, among others.
Arnaud Bauer, Senior Solution Architect at BNB Chain, emphasized that BNB Greenfield represents a “transformative development” in Web3 data ownership and the data economy, while noting its capacity to offer users a decentralized alternative to traditional Cloud services. Bauer remarked,
“Unlike centralized solutions, BNB Greenfield gives users control over their data, reducing the risk of breaches and data loss. Throughout the Greenfield Testnet phase and the recent BNB Chain Hackathon, it has been inspiring to witness numerous innovative dApps demonstrating the potential of decentralized file storage with a user-centric approach.”
Flash Loan Attack
This latest update follows a flash loan attack on the BNB Chain that resulted in the largest single arbitrage profit in its history just a week ago. As reported by CryptoPotato, the attacker utilized a bot to borrow a significant amount of USDT from a lending platform and subsequently manipulated the price of BH on PancakeSwap, a well-known decentralized exchange on the BNB Chain.
The bot executed a swap of USDT for BH at a lower price and then strategically withdrew liquidity from the BH/USDT pair at a higher rate, leading to a considerable profit. The attack incurred only $4.16 in fees, with all profits directed to the crypto mixing service Tornado Cash.
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