Binance Smart Chain (BSC) is set to undergo a significant update next month with the Luban hard fork. The hard fork will introduce three new Evolution Proposals (BEPs) that are designed to improve the platform’s capabilities.
BEP-126 introduces a fast termination mechanism for network blocks. This will help to improve the network’s scalability and throughput.
BEP-174 introduces Cross Chain Relayer Management. This will allow for the seamless transfer of assets between BSC and other blockchains.
BEP-221 introduces CometBFT Light Block Validation. This will improve the network’s security and efficiency.
The Luban hard fork is expected to bring increased network traffic and potentially boost the price of BNB, the native token of BSC. The Binance Smart Chain community is eagerly awaiting the update, hoping it will bring increased adoption and usage of the platform.