BNB Greenfield, a New Decentralized Data Storage System

BNB Greenfield, a New Decentralized Data Storage System

BNB Greenfield is a new decentralized storage blockchain in the BNB family, together with the current BNB Beacon Chain which is responsible for BNB governance and security, and BNB smart chain which is for deploying smart contracts. The project released its whitepaper today.

In BNB Greenfield, data are stored by a decentralized network of storage providers. Storage providers have the option of storing data on a variety of devices such as individual terminals or centralized storage services. The performance of storage providers is ensured through a combination of economic incentive and punitive mechanism.

BNB Greenfield uses Proof-of-Stake based on Tendermint-consensus for its own security, and $BNB will be the gas and governance token on this new blockchain. $BNB can be bridged between BSC and Greenfield through a native cross-chain bridge.

Current BNB smart chain users can use BNB Greenfield with their BNB chain address and $BNB token. Potential use cases of BNB Greenfield include personal cloud storage, blockchain data storage, and website hosting. It can also power the Web 3 economy by enabling authors to store their work on BNB Greenfield and mirror them onto BNB Smart Chain where they can sell them, and social graph data can be stored in BNB Greenfield while social media dApps can use that data for a fee.

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