BNB Chain has successfully tested the Pascal hardfork on its testnet and plans to implement it on the mainnet on March 20 at 02:10 UTC. The introduction of the EIP-7702 standard marks a significant advancement for the network.
EIP-7702 Features
EIP-7702 is a technical standard that allows wallets to function like smart contracts, simplifying wallet use for users while providing crucial technical improvements.
Key features include: - Gas abstraction that enables transactions without direct gas fee payment. - Smart contract wallets with enhanced security and simplified access. - Batch transactions capability reducing fees. - Improved Ethereum Virtual Machine (EVM) compatibility for developer convenience.
Required Updates Before the Hardfork
All BNB Chain node operators must update their software prior to the hardfork to ensure compatibility with new network features.
Required actions include: - BSC node operators and validators: upgrade to version 1.5.7. - opBNB operators: upgrade to version 0.5.2 or 0.5.6. - Exchanges and infrastructure providers: test systems with new version. - Developers: test applications and update code if necessary.
BNB Chain Development Roadmap
The Pascal hardfork is part of a broader development plan. Following this, two major upgrades are scheduled:
- Lorentz Hardfork (April 2025): will reduce block times to 1.5 seconds, enhancing user experience. - Maxwell Hardfork (June 2025): further reducing block time to 0.75 seconds to increase performance.
The Pascal hardfork represents a significant technical achievement for BNB Chain. By implementing EIP-7702, the network enhances user experience and security, and expands wallet capabilities in blockchain usage.
