BNB Chain has successfully tested the Pascal hardfork on its testnet and plans its mainnet launch on March 20. This update will be one of the first to adopt the EIP-7702 standard, enhancing user experience and security.
EIP-7702: Features and Technical Impact
EIP-7702 allows wallets to function like smart contracts, simplifying usage and enhancing security with features like multi-signatures, spend limits, and account recovery. The upgrade introduces gas abstraction, letting users manage transaction payments through third-party means or non-BNB tokens. Furthermore, the upgrade improves Ethereum Virtual Machine (EVM) compatibility, enabling developers to easily port applications from Ethereum to BNB Chain.
Required Updates Before March 20
All parties running BNB Chain nodes must update their software before the hardfork. BSC node operators should upgrade to version 1.5.7, while opBNB operators should use version 0.5.2 or 0.5.6. Exchanges and infrastructure providers must test their systems and complete updates. Developers should test applications and update code to accommodate new transaction features.
BNB Chain Development Roadmap
Following the Pascal hardfork, BNB Chain's development plan includes the Lorentz update (April 2025), reducing block times to 1.5 seconds, improving transaction confirmation speeds. Next, the Maxwell hardfork (June 2025) aims to further reduce block times to 0.75 seconds.
The Pascal hardfork signifies a major advancement for BNB Chain in improving user experience and security. The hardfork is set to go live on March 20, and all participants must update their systems to maintain network compatibility.
