BNB Chain has successfully tested the Pascal hardfork on its testnet. The upgrade is set to go live on the mainnet on March 20 at 02:10 AM UTC, making it one of the first blockchain networks to adopt the EIP-7702 standard.
Pascal Update and Its Impact
The Pascal hardfork introduces key changes to help developers create better 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 standard that allows wallets to function more like smart contracts. It offers improvements such as gas abstraction, enhanced smart contract wallets, and batch transactions, simplifying transaction processing and reducing costs for users.
Required Updates Before Hardfork
All parties running BNB Chain nodes must update their software before March 20. BSC node operators and validators must update to version 1.5.7. opBNB operators should upgrade to 0.5.2 or 0.5.6. Exchanges and infrastructure providers must test their systems for compatibility.
The Pascal hardfork represents a significant advancement for BNB Chain by implementing EIP-7702 to improve user experience and security. With the upcoming Lorentz and Maxwell upgrades, the network is set to enhance its technical capabilities further.
