Earlier, the editor has introduced to you what BNB Greenfield is. BNB Greenfield is a decentralized storage system that integrates Web3 applications and smart contracts. So, how does BNB Greenfield work? What scenarios can it be used for? Below, let's take a look.
How does BNB Greenfield work?Behind the scenes, the above will be powered by a new BNB Greenfield blockchain and a network of storage providers. The blockchain uses the user's BNB ledger to store metadata, while the storage provider maintains an off-chain target storage system to store content data with moderate redundancy and backup.
Different from other existing decentralized storage, BNB Greenfield's data availability is guaranteed by economic incentives and punitive challenge systems: Although users can actively choose different storage providers to use at any time, different storage providers Can compete to become a large number of object-critical storage suppliers to gain more profits; non-functional storage supplies that cannot withstand the challenge of data availability will also be "cut down" by mortgage deposits.
BNB Greenfield is designed to be tolerant to existing Web2 developers and huge user groups at the same time. To achieve this goal, the API is designed to be similar to what is commonly used in cloud storage systems that are popular today. In addition, the storage provider will charge fees in US dollars so that customers can understand the cost of using BNB Greenfield in a stable and long-term manner. Even so, the account will still be paid in BNB.
Usage Scenarios of BNB GreenfieldBNB Greenfield Core: It consists of BNB Greenfield, the blockchain used for storage, and a decentralized network of storage service providers (SP). Customers upload their data storage requests to BNB Greenfield, the storage provider stores the data off-chain, and the metadata of the customer's BNB ledger is stored on the BNB Greenfield chain.
BNB Greenfield dApps: It can help everyone interact with the Greenfield decentralized storage system, or become a Web3 commodity with real value and practicality, and use the data stored on BNB Greenfield in an innovative way on a large scale.
Existing BNB Chain dApps: According to the native cross-chain bridge, all data (data, metadata, and data permissions) stored on BNB Greenfield can be easily transferred to the BNB Smart Chain and can be used in the existing BNB Chain dApp ecosystem in the application.
1. Easy hosting and deployment of websites, and easy management of payment for services using BNB currency
Provide Web3 developers with a new option to build a decentralized front
2. Personal cloud storage
Compared with web2 Alibaba Cloud AWS, it is more resistant to verification. Compared with web3FilAR, it has a lower threshold.
3. New social network model: users can directly own their own content and social map and benefit from it
4. Publishing: Authors can store their works on BNB Greenfield, mirror them to the BNB smart chain, and sell access to read
5. Blockchain data: store TB-level historical records of the BNB smart chain, and its Layer2rollup transaction data
The smaller the hardware requirements for a storage public chain, the more nodes it has, and the more decentralized it is, the more decentralized the project will be. The least threshold is to directly use the services of the centralized cloud server without mining machines.
6. Personal data market
Speaking of this, I believe everyone has a certain understanding of how BNB Greenfield works and what scenarios it can be used for. In general, Binance may make its own socialfi products in the future. Communication and social networking require three basic functions: one is a p2p communication tool that can protect user privacy, and the other is that it can manage personal data (NFT, domain name, Posts, social graphs, etc.), etc.), and the third is to build a decentralized trading market. Do storage first to lay a solid foundation. Overall, Binance deserves to be the No. 1 exchange in the universe, with a clear organization and a long-term layout. BNB still has a large space.
Blog Source - www.whatisblockchain.com