How Binance Chain Activity & BNB Price React To BSC Lorentz Hard Fork
The post How Binance Chain Activity & BNB Price React To BSC Lorentz Hard Fork appeared on BitcoinEthereumNews.com.
The Lorentz hardfork for Binance (BNB) Smart Chain could impact both its price action and its on-chain activity, which has recently been in an uptrend. BSC Lorentz Mainnet HardFork A major network performance improvement through the Lorentz hardfork for Binance Smart Chain (BSC) is scheduled on April 29, 2025, at 05:05 UTC. BNB Chain announced that the system update would cut block time from 3 seconds to 1.5 seconds, which could result in reduced latency, accelerated transaction confirmations, and a better user experience for the entire ecosystem. More responsive decentralized applications (dApps) could result from the quick block intervals, which would help all three groups: builders, validators, and users. Source: X The upgrade included multiple adjustments to its system. The governance vote (BEP-520) introduced changes to six parameters to match the reduced block time by increasing turnLength to 8 blocks, while the misdemeanor threshold reached 100. The felony threshold reached 300; felony SlashScope received a value of 57,600 blocks; voting Period extended to 403,200 blocks; and minPeriod after Quorum reached 57,600 blocks. The alterations made sure both the network stayed resilient and protected during the new timing framework. The implementation required node operators and validators to complete two necessary steps: first, upgrade to the v1.5.10 client version, then set GasLimit to 70M and revise MEV configurations. Better hardware solutions were required to preserve system performance as block frequency increased, thus affecting every part of the infrastructure. The next upgrade after this hard fork could achieve a block confirmation time of 0.75 seconds, thus advancing Binance Smart Chain’s development as a fast blockchain platform. How Will BNB Price React? Looking at potential impact on price, the $540 zone held as strong support for BNB after reaching it thrice, indicating increased market interest in that range. A descending trendline on the 3-day…
Filed under: News - @ April 24, 2025 8:28 am