BNB Chain to Upgrade Network in June

The Luban update on the $BNB Chain will be activated at block #29,020,050 on June 11, 2023, the developers have announced. The update includes three improvement proposals: BEP-126, BEP-174, BEP-221.

BEP-126 implements the first part of the FastFinality mechanism, which will change the block finalization process. The solution is expected to significantly speed up the final confirmation of transactions to around 7.5 seconds. This will improve user interaction with the network and increase its security by reducing the chance of malicious reorganization.

BEP-174 will introduce a mechanism for managing relays that help transfer assets between different blockchains. BEP-221 will establish a simplified block validation for the CometBFT solution, which is used to securely replicate dApps across multiple devices.

Image: $BNB Chain