Binance Smart Chain (BSC), often referred to as BNB Chain, has revealed the launch of the "BEP 336 upgrade," drawing inspiration from Ethereum's Dencun upgrade (EIP 4844).

The primary objective of this upgrade is to optimize data storage and processing capabilities on the blockchain, promising significant benefits for users and investors alike.

Revolutionizing Data Handling with Blob Transactions

The BEP 336 upgrade introduces a groundbreaking concept known as "Blob-Carrying Transactions" (BlobTx), revolutionizing handling large data blocks within the network.

These temporary and cost-effective memory segments, called blobs, can accommodate data blocks as large as 128 KB. By streamlining the transaction verification process, the network verifies that the attached blob contains the correct data, eliminating the need to individually verify each transaction within a block.

This innovative approach to data handling enhances network performance and significantly reduces transaction costs. Furthermore, it is expected to drive the price of Binance Coin (BNB) closer to its previous all-time high (ATH) of $686, achieved in May 2021.

Integration Strategy and Roadmap Implementation

BEP 336 integration will be executed in a phased manner, ensuring a seamless transition and optimal functionality. The roadmap starts with the Testnet launch scheduled for April, providing developers with a controlled environment to test and fine-tune the upgrade.

According to News BTC, the subsequent Magnet phase, slated for May, will focus on extensive testing and optimization to enhance BEP 336's robustness and scalability. Finally, in June, the mainnet hard fork will mark the official deployment of BEP 336 on the BSC mainnet, heralding a new era of network efficiency and cost-effectiveness.

A Crypto Daily report says the MADC indicator signals a bullish trend, as the MACD and signal lines are above the zero line. This configuration indicates an opportune moment for prospective buyers.

The announcement of the BEP 336 upgrade has already made waves in the market, propelling the price of Binance Coin (BNB) by over 8%. Currently trading at $588, BNB is just 15% below its all-time high of $686. However, potential resistance walls at the $600 and $608 levels could impede further price appreciation as BNB strives to reclaim its ATH.

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