Binance will support BNB Beacon Chain hard fork

11.04.2022 17:43
by Anđelija Anđelić
1 min read

Binance will support BNB Beacon Chain hard fork

Cryptocurrency platform Binance has announced that it will support the upgrade and hard fork of the BNB Beacon Chain network. The update will take place at a block height of 234,560,000 on April 12.

Shortly before the update, the platform will disable deposits and withdrawals in the BNB Chain ecosystem. Operations will resume when the company “is satisfied that the network is stable.”

The Descartes hard fork for the BNB Beacon Chain governance network involves the activation of the BIP-128 proposal. The protocol aims to improve the efficiency of the BNB Chain staking reward distribution system.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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