BNB Greenfield Launches Inaugural Testnet “Congo” to Revolutionize Data Ownership in Web3
BNB Chain has launched its BNB Greenfield Testnet “Congo,” a decentralized storage chain using BNB tokens. The launch is a significant milestone as it implements core features outlined in the whitepaper. BNB Greenfield is an open-source storage chain with BNB as its token, which aims to revolutionize the data economy by linking data ownership with the DeFi context of BNB Smart Chain.
The Testnet offers developers a chance to explore various features, including account creation, data storage, access control, cross-chain communication, storage provision, node validation, and staking. BNB Greenfield aims to offer the fastest data service among decentralized storage solutions with cost-effective features comparable to Web 2 cloud storage, setting the stage for widespread adoption. Users will have control over their data, meaning they can decide who can access it and set the access fees, broadening ownership from assets to data.
The launch of BNB Greenfield Testnet “Congo” comes as the Binance community calls on developers, validators, and Storage providers (SPs) to join the Testnet through a transparent proposal and voting process. Note that testnet and mainnet, to go live in Q3, will have different participation rules. Developers can participate in the Zero2Hero Hackathon’s Greenfield track and apply for grants to build on Greenfield.
The Testnet launch marks the beginning of the platform’s journey towards revolutionizing data ownership in the data economy. BNB Greenfield’s three key components, data ownership, EVM compatibility, and high-performance rich API/SDK, set it apart from existing centralized and decentralized storage systems.
The Testnet is an excellent opportunity for developers to explore various functions, and the community is looking for feedback on Github, Discord, BNB Forum, and the BNB Chain Developer Portal. Validators play a crucial role in ensuring the network’s security and reliability, achieving consensus on cross-chain events, and relaying cross-chain packets to both Greenfield and BNB Smart Chain. By challenging the data availability of SPs, validators can weed out malicious actors and those who provide subpar services, ensuring the quality and reliability of services in the Greenfield ecosystem.
In conclusion, the BNB Greenfield Testnet “Congo” is a significant milestone in Binance’s efforts to revolutionize data ownership in the data economy. Developers, validators, and Storage providers are called on to join the Testnet and shape the future of data ownership in Web3.
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