Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks.
The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30, respectively, following extensive testing. The Plato upgrade, which has already taken place, introduces BEP-126. The latest evolution proposal implements a fast finality mechanism that is expected to rule out the ability for blocks to be reverted.
Arno Bauer, senior solution architect at BNB Chain, unpacked the specifics of the network upgrades in an interview with Cointelegraph. The fast finality mechanism is expected to reduce the chance of chain reorganization and stabilize block production while allowing users to access accurate information from the latest finalized block instantly. Bauer said:
“Overall, BEP-126 aims to enhance blockchain security and efficiency on the BNB Smart Chain by introducing a fast finality mechanism.”
Bauer added that finality is a core concept of blockchain technology, referring to the point at which a transaction or block of transactions can no longer be altered or reversed. Finality remains crucial in maintaining trust and preventing…
