BNB Chain activates hard fork, reduces fees

BNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing.

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BNB Chain activated its Haber hard fork which introduces BNB Evolution Proposal (BEP)-336 to optimize data storage and processing on the network. 

On June 20, the blockchain network announced that it successfully activated the hard fork, claiming a 90% reduction in blockchain fees. BEP 336, which takes inspiration from the Ethereum Improvement Proposal (EIP)-4844, enables blob-carrying transactions, which is a concept that streamlines the verification process.

According to BNB Chain, with BEP-336 implemented, layer-2 costs on the BNB Smart Chain (BSC) will be slashed by 90%. The network claimed that its optimistic rollup layer-2 solution opBNB will see its network fees reduced to around $0.0001.

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