Cryptopolitan 2025-03-21 14:04:59

BNB Chain has completed the Pascal hard fork, awaiting the Lorentz upgrade in April

BNB Chain has completed the Pascal Hardfork, an upgrade designed to boost transaction efficiency and improve its compatibility with the Ethereum Virtual Machine (EVM). Now on to other upgrades scheduled for April and June. The Pascal Hardfork is a big step forward for the network, making it one of the first to use this important EVM improvement. The successful update now integrates Ethereum Improvement Proposal (EIP) 7702 , enabling advanced functionalities such as gas abstraction, smart contract wallets, and batch transactions. This will finally eliminate the long-resented need to sign two transactions, one for approval and one for swap, in order to make an Ethereum transaction. It also makes “social recovery, native multi-sigs, and all sorts of other features possible, which allows users to gain a huge amount of new value and experiences. Sounds familiar? Well, You’ve probably heard of smart accounts. They were already launched on Ethereum in a blaze of glory with ERC-4337 back in early 2023. However, that was a bit of a workaround to avoid a hard fork and required users to go through the painful process of starting up a new wallet. This one is better. The update should also make it easier for new users to get started and give dApp makers more freedom. The next step is to establish a faster network The blockchain-backed by Binance has told node owners, validators, exchanges, and infrastructure providers to update their systems in time for the upgrade. If they don’t get this update, nodes could get out of sync after the hard fork. While this is happening, crypto platforms and infrastructure providers need to ensure compatibility, and developers need to ensure their dApps work with the new transaction structure. Besides Pascal, BNB Chain is planning to make more changes in the near future. In April 2025, the Lorentz Hardfork will try to cut block times down to 1.5 seconds. This is supposed to make the network faster. Later in June 2025, the Maxwell Hardfork will cut block processing times even more, to 0.75 seconds. This will make deals even faster. It will also enable the growing industry to accommodate as many users as possible, as the industry is expected to grow under Trump’s administration. The rise of BNB Chain BNB Chain Wallet will be changing to a Lite Version when the BNB Beacon Chain’s sunset phase is over. The update, which will be released next week, will remove important features like the ability to send and receive money, view amounts and transaction histories, and connect to BNB Smart Chain, Ethereum, and testnets. Important updates for BNB Chain Wallet: As part of the BNB Beacon Chain sunset, BNB Chain Wallet will transition to a Lite Version. This is expected to take place next week with more info coming soon, so stay tuned. Here's what you need to know 🧵 👇 pic.twitter.com/jAhzRhaQfC — BNB Chain (@BNBCHAIN) March 20, 2025 DeFiLlama says that over the last 24 hours, BNB Chain had $2.13 billion in DEX trades, which was more than Ethereum’s $1.75 billion and Solana’s $1.48 billion. At the same time, the amount of money traded weekly on BNB Chain has increased by almost 60% to $13.56 billion. During the reporting time, other networks saw drops of about 40%, while this one saw an increase. A lot of this growth is due to the success of memecoins like Mubarak, which have made trading on PancakeSwap more popular. Over the past day, the network’s main DEX handled $2.56 billion in transactions, almost twice as much as Uniswap’s overall volume during the same period. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

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