The BNB chain will go through a large hard fork to meet the risks of blockchain exploits

The central theses

• The BNB chain is expected to carry out your Zhangheng-upgrade this month.

• The upgrade Blockchain Exploit risks are remedied and no new BNB tokens are output.

The BNB chain will go through a large hard fork later this month

bnb chain, the blockchain of the Binance ecosystem, is expected to experience your "Zhangheng" upgrade this month.

According to the development team, the upgrade will massively improve the safety functions for users.

The BNB team is convinced that network security in the cryptocurrency industry continues to provide cause for concern. The Hard Fork is scheduled to take place on July 19, 2023 at 6:00 UTC.

In the web3 ecosystem, hard forks are permanent changes in the functioning of networks and are carried out via software upgrades.

The Hard Fork will not lead to the issue of new BNB tokens. In addition, two thirds of all BNB chain validators have to update their knots to process blocks as soon as the upgrade is completed.

The Hard Fork protects the BNB Chain and its users

The network developers announced in the BEP-255 proposal that changes in the user equal weight are pursued and compared in each block in order to locate problems. When a compensation error occurs, the BNB chain changes to panic mode and the blockchain stops the production of new blocks.

The developers have added this;

"If a compensation error occurs, the blockchain sets the production of new blocks, which affects downstream services such as bridges, deposits and withdrawals on stock exchanges." This drastic measure is necessary to protect the chain and its users, so core developers and community members should examine the problem as soon as possible. ”

The latest news about cryptocurrencies follows a few interesting months for BNB, the native coin of the Bony ecosystem. The BNB's performance has been irregular since the beginning of the year, since Binance was exposed to multiple regulatory pressure worldwide.

bnb started the year with a trading price of $ 245 per coin and recovered to the highest level of $ 354 in 2023. However, due to the regulatory challenges in the USA and Europe, BNB has lost more than 30 % of its value in the last 30 days.

At the time of printing, the price of BNB is $ 246 per coin, which corresponds to a decrease of less than 1 % in the last 24 hours.