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Learn about Binsparse, a new cross-platform binary storage format specification for sparse matrices and tensors that addresses the inefficiencies of current text-based formats like Matrix Market and FROSTT. Discover how sparse data structures are widely used across computing subfields but lack standardized binary storage solutions, leading practitioners to develop custom, non-portable formats that create bottlenecks in bandwidth-bound sparse computations. Explore the modular design of Binsparse, which combines a JSON descriptor for matrix/tensor metadata with binary arrays that can be embedded in modern containers like HDF5, Zarr, and NPZ. Examine the comprehensive evaluation conducted on the entire SuiteSparse Matrix Collection and selected FROSTT tensors, revealing significant improvements including 2.4x file size reduction without compression and 7.5x with compression using the HDF5 CSR format. Analyze the performance benchmarks showing dramatic speedups compared to state-of-the-art Matrix Market parsers, with 26.5x faster read times without compression and 31x faster write times without compression. Review the reference implementations spanning 5 programming languages, 5 frameworks, and 4 binary containers that demonstrate the format's cross-platform compatibility and practical applicability for high-performance sparse matrix storage and computation workflows.