BNB Chain Completes Pascal Hardfork for Faster Transactions

BNB Chain has rolled out its Pascal Hardfork on March 20, marking a significant step in the blockchain’s evolution.

This update is aimed at enhancing transaction efficiency while also boosting compatibility with the Ethereum Virtual Machine (EVM). At the heart of this upgrade is Ethereum Improvement Proposal (EIP) 7702, which introduces several advanced features.

One of the major upgrades included in Pascal is the addition of smart contract wallets. These wallets temporarily act as smart contracts, allowing for gas-free transactions, batch approvals, and more efficient asset swaps. This enhancement not only streamlines user experience but also offers more flexibility for developers working on decentralized applications (dApps).

In anticipation of the update, BNB Chain has instructed node operators, validators, and exchanges to perform necessary system updates to avoid disruptions. If these updates aren’t applied, nodes may fall out of sync, which could impact the network’s operation. Developers are also advised to ensure that their dApps align with the new transaction protocols introduced by the hardfork.

This upgrade is just one of several on the horizon for BNB Chain. Looking forward, the Lorentz Hardfork, set for April 2025, is expected to bring a major speed improvement by reducing block times to 1.5 seconds. The network’s enhancements will continue with the Maxwell Hardfork in June 2025, which will push block processing times to an impressive 0.75 seconds, offering even faster transaction speeds