Binance’s BNB Chain is set to undergo two upgrades in August 2023 to enhance the network’s finality and compatibility with other EVM blockchains. The Plato upgrade, which has already occurred, introduced a fast finality mechanism to prevent block reverting. The upcoming Hertz upgrade aims to keep the BNB Chain up to date with the latest developments of EVM blockchains. These upgrades are expected to improve blockchain security, efficiency, and the overall user experience on the BNB Chain. The fast finality mechanism will reduce the chance of chain reorganization and provide accurate information from the latest finalized block instantly. Validators will be rewarded for voting, while those who violate vote rules will be penalized. The Hertz upgrade will ensure compatibility with Ethereum’s recent forks and enable smooth development and ecosystem growth. Overall, these upgrades aim to create a more secure environment for decentralized applications and improve transaction finality on the BNB Chain.
