BNB Chain has successfully tested the Pascal hardfork on its testnet and is ready for the mainnet upgrade on March 20. This marks a significant advance for the network, making it one of the first to adopt the EIP-7702 standard.
Core Aspects of the Pascal Hardfork
The Pascal hardfork introduces important changes to improve user experiences. All node operators, validators, exchanges, and infrastructure providers must update their software before the hardfork date to stay in sync with the network.
Technical Features of EIP-7702
EIP-7702 is a technical standard that allows wallets to function like smart contracts. This enhances user interaction with the network. For instance, users can perform transactions without directly paying gas fees. These can be paid in various ways, such as through another wallet or by an application.
Required Updates and Future Plans
To ensure the network stays current, all BNB Chain node operators must update their software. Following the Pascal hardfork, two more significant updates are planned: Lorentz and Maxwell, which will reduce block times and improve network throughput.
The Pascal hardfork represents a significant technical advancement for BNB Chain. By implementing EIP-7702, the network improves user experience, enhances security, and expands blockchain wallet capabilities.
