• BNB Chain has unveiled a detailed tech roadmap for its Greenfield technology.
• Despite this impressive update, the BNB price is currently in the red.

BNB Chain, the Binance ecosystem’s layer-1 blockchain protocol has recently disclosed its comprehensive technology roadmap for BNB Greenfield. This ambitious roadmap is designed to cater to both Web2 and Web3 developers and users by adhering to three key principles: achieving high performance, simplifying development experiences, and establishing a robust multichain platform.

Despite the bullish news, Binance Coin (BNB) as of the time of writing is changing hands at $250.33, down 0.27% in the past 24 hours. However, the market cap is pegged at $37.9 billion, and trading volume is over $1.3 billion.

BNB Chain Maps Ambitious Goals

The cornerstone of BNB Greenfield’s roadmap is a commitment to achieving performance levels comparable to leading Web2 service providers to encourage mass adoption. This focus extends to both existing BNB Chain users and developers in the Web3 space.

Aiming for a considerable boost in performance, the roadmap includes a 5x increase in SP upload and download speeds, from 2MB/s to 10MB/s and 20MB/s to 100MB/s, respectively. This enhancement will empower the system to seamlessly handle more transactions.

The roadmap also introduces rich storage features, including resource tagging, indexing, simple data migration, and object atomic updates. Additionally, the roadmap promises to implement account abstractions, accompanied by a Paymaster out-of-box mechanism for convenient fee and storage cost payments, ensuring a solid foundation for growth and adoption.

Improvements in Greenfield blockchain storage performance are also on the agenda, intending to eliminate bottlenecks in processing high transaction blocks. Furthermore, to facilitate fully on-chain or Decentralized Applications (dApps), the roadmap introduces a multichain platform for cross-chain programmability, linking with opBNB and EVM-compatible chains. 

Between Q4 of 2023 and Q1 of 2024, Greenfield is set to enable smart contracts as resource owners, providing enhanced permission control from the BSC/opBNB, improving SP performance for sealing objects and garbage collection, and simplifying SP exit processes.

The BNB Chain Core Development Team expressed enthusiasm, stating, “We want to invite developers to build on BNB Greenfield and encourage them to look at the wishlist as they will not only have access to the Most Valuable Builder Program (MVB) in collaboration with Binance Labs and CMC Labs but will also be eligible to apply for special grants and mentorship.”

BNB Greenfield Integration with AI

One of the standout features of BNB Greenfield is its proactive approach to integrating Artificial Intelligence (AI) with Web3 on the BNB Chain. Recognizing the challenges of AI such as ownership, transparency, and innovation, Greenfield aims to address these by developing storage strategies that provide users with faster data access services.

In addition, the roadmap aims to introduce ‘Greenfield Executable’ for off-chain generic computing, reducing costs and enhancing efficiency, especially with large datasets.

Finally, to enhance the convenience and cost-effectiveness of network governance and stability, BNB Greenfield takes several measures such as simplifying the SP exit process for increased convenience and cost-effectiveness, and introducing a lightweight SP architecture to reduce computational requirements and energy consumption.