BNB Chain Hard Fork to Enhance Security & Compatibility – Aug 2023

•Binance’s BNB Chain is set for two upgrades – Plato and Hertz – aimed at improving security and compatibility with other EVM blockchains.
•The Plato upgrade introduces BEP-126, which implements a fast finality mechanism to rule out the ability for blocks to be reverted.
•The Hertz upgrade will increase compatibility with Ethereum Virtual Machine (EVM) blockchain networks.

BNB Chain Upgrades

Binance’s BNB Chain is set for two upgrades – Plato and Hertz – aimed at improving security and compatibility with other EVM blockchains. The first, Plato upgrade was completed on August 10th at block height 30724096, introducing BEP-126 which implements a fast finality mechanism to rule out the ability for blocks to be reverted. The second fork, Hertz, is scheduled for August 30th and will work towards increasing compatibility with other EVM blockchain networks.

Plato Upgrade

Arno Bauer, senior solution architect at BNB Chain explained that finality is a core concept of blockchain technology, referring to the point at which a transaction or block of transactions can no longer be altered or reversed; this remains crucial in maintaining trust and preventing double-spending in blockchain systems. The Plato upgrade works towards enhancing blockchain security and efficiency on the BNB Smart Chain by introducing this fast finality mechanism through a series of steps detailed by Bauer in an interview with Cointelegraph.

Hertz Upgrade

The second hard fork – Hertz – will follow extensive testing and is expected to increase compatibility between BNB Chain and other Ethereum Virtual Machine (EVM) based networks. This upgraded version could open up new opportunities for developers building decentralized applications on the network as it makes it easier to communicate across multiple chains without compromising any transaction data or performance.

Benefits of Upgrades

These upgrades are expected to benefit users significantly by providing better security measures to protect against malicious attacks while also allowing them access accurate information from the latest finalized block instantly; they should also make it easier for developers to create decentralized applications as cross-chain communication becomes more seamless across different EVM based networks.

Conclusion

All in all, these upcoming hard forks on the BNB chain are designed to improve both its security measures as well as its compatibility with other EVM based blockchains; this could open up many new possibilities that weren’t possible before such as improved communication between different chains without sacrificing any performance or data integrity along the way