BNB Chain has announced the launch of BEP-336, a new protocol that aims to enhance data storage and processing on the blockchain. This new development is expected to reduce transaction costs by up to 90% and is inspired by Ethereum's EIP-4844. The launch of BEP-336 is scheduled to take place on June 20, 2023, through the Haber hard fork.

The BEP-336 protocol introduces a new concept called Blob-Carrying Transactions (BlobTx), which is designed to simplify the transaction verification process on the network. This innovative approach allows for the attachment of a temporary and cost-effective memory segment called a Blob to each transaction. Each Blob can capture large data blocks of up to 128 KB, eliminating the need for individual transaction verification within a block. Instead, the network only needs to verify the data within the attached Blob.

The introduction of BlobTx is expected to significantly reduce transaction costs and enhance the overall efficiency of the BNB Chain. This development is also expected to benefit opBNB, the layer 2 network of the BNB ecosystem, by providing a more cost-effective and efficient way of storing and managing data. Additionally, the temporary nature of Blobs ensures that they do not consume network space indefinitely, leading to lower storage costs and cheaper gas fees for users.

The launch of BEP-336 is part of BNB Chain's efforts to enhance its data storage and processing capabilities. The protocol is designed to provide a more efficient and cost-effective way of managing data on the blockchain, making it more accessible to a wider range of users. With its innovative approach to transaction verification and data storage, BEP-336 is expected to have a significant impact on the BNB Chain ecosystem.

Overall, the launch of BEP-336 is a significant development for BNB Chain and the broader blockchain community. Its innovative approach to data storage and processing has the potential to enhance the efficiency and cost-effectiveness of the BNB Chain, making it a more attractive option for users. As the blockchain landscape continues to evolve, developments like BEP-336 are expected to play a significant role in shaping its future.