BNB Chain has successfully tested the Pascal hardfork on its testnet. The upgrade will go live on the mainnet on March 20 at 02:10 AM UTC, positioning it as one of the first blockchains to adopt the EIP-7702 standard.
EIP-7702: Features and Technical Impact
EIP-7702 allows wallets to function like smart contracts, making it easier for users to leverage wallets and bringing significant technical improvements to the BNB Chain.
Key features include: - Gas abstraction: transactions without direct gas fee payments. - Smart contract wallets with enhanced security and simplified access. - Batch transactions and reduced fees. - Improved EVM compatibility and developer flexibility.
Required Updates Before March 20
All parties running BNB Chain nodes must update their software before the hardfork.
Required updates: - For BSC node operators and validators: update to version 1.5.7. - For opBNB operators: update to version 0.5.2 or 0.5.6. - For exchanges and infrastructure providers: test systems with the new version. - For developers: test applications with the new transaction types.
BNB Chain Development Roadmap
The Pascal hardfork is part of a larger BNB Chain development plan.
Upcoming updates: - Lorentz Hardfork (April 2025): reduces block times to 1.5 seconds. - Maxwell Hardfork (June 2025): further reduces block times to 0.75 seconds.
The Pascal hardfork represents a significant technical advancement for BNB Chain. By implementing EIP-7702, the network is enhancing user experience, boosting security, and expanding wallet capabilities. This upgrade, alongside future plans, indicates BNB Chain's commitment to developing faster and more user-friendly blockchain applications.
