BNB chain introduces Ethereum-inspired BEP 336 upgrade, declares official statement
BNB Smart Chain has announced its upcoming major upgrade, BEP 336, which draws inspiration from Ethereum’s EIP 4844. According to the BNB chain, BEP 336 will bring about significant reductions in transaction costs and improvements in network performance. This exciting development coincides with the launch of Ethereum’s Dencun upgrade on the mainnet today, marking a momentous occasion for the blockchain industry.
One of the key features introduced in this upgrade is “Blob-Carrying Transactions” (BlobTx), which enables the temporary and cost-effective storage of large data chunks up to 128 KB. This approach simplifies the process of verifying transactions on the network. BNB Smart Chain (BSC) enhances efficiency by verifying the accuracy of data within blobs instead of individually verifying each transaction. This feature is particularly advantageous for opBNB, the layer 2 network of the BNB ecosystem.
The upgrade includes a blob market and a precompile contract. The blob market regulates the costs associated with blob storage and transmission based on the demand within the network. On the other hand, the precompile contract adds an extra layer of security by verifying the data within blobs against their references in transactions.
BEP 336 sets itself apart from Ethereum’s EIP 4844 with its unique features, such as a dynamic gas pricing mechanism for blobs and a distinct token burn mechanism that aligns with the specific needs and structure of BSC.
The rollout of BEP 336 will be conducted in phases. It will first debut on the testnet in April, followed by a Magnet phase in May, during which further testing and optimization will take place. Finally, the upgrade will be launched on the BSC mainnet in June through a hard fork.
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