The BNB Chain is preparing for an important upgrade set for June 30. The Maxwell upgrade will significantly enhance the performance of the BNB Smart Chain by reducing block generation time.
Key Changes in the Maxwell Upgrade
The Maxwell upgrade on the BNB Smart Chain will reduce block times from 1.5 seconds to 0.75 seconds. This improvement aims for faster transaction finality, new infrastructure standards, and improved validator performance. Maxwell also includes three key proposals: BEP-524, BEP-563, and BEP-564, all aimed at enhancing the speed and reliability of the network.
Routine Maintenance on BNB Chain
Recently, Binance announced a temporary suspension of withdrawals on the BNB Smart Chain for routine wallet maintenance. This short-term measure was necessary for maintaining network stability and security. Maintenance began on June 19 at 5:55 a.m. (UTC) and lasted for about an hour, after which deposits and withdrawals were resumed.
User Precautions During the Upgrade
BNB Chain users are strongly advised to plan their actions in advance, as withdrawals and deposits may be suspended during the upgrade. Given the experience of previous upgrades, it is important to keep an eye on official announcements from Binance.
The Maxwell upgrade marks a significant step for the BNB Chain in improving network performance and reliability. Users are encouraged to stay informed and be ready for the upcoming changes.
