Cryptocurrencies

BNB Chain activates Haber hard fork

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BNB Chain has implemented the Haber hard fork along with BEP-336, aimed at optimising data storage and processing efficiency on its network.

This update includes the introduction of blob-carrying transactions, inspired by Ethereum's (CRYPTO:ETH) EIP-4844, which streamline verification processes by storing large data chunks more efficiently.

As a result of BEP-336, BNB Smart Chain (BSC) expects a significant reduction in layer-2 costs, lowering network fees to approximately $0.0001 through its opBNB optimistic rollup solution.

Additionally, the upgrade enhances decentralised storage capabilities with BlobHub, benefiting decentralised applications (DApps) and layer-2 networks within the BNB ecosystem.

Despite recent price volatility, BNB (CRYPTO:BNB) recently hit an all-time high of $717.48, underscoring investor optimism amid ongoing network advancements.

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