Binance is set to carry out the Bruno upgrade v1.1.5 today, which will introduce the BEP-95 daily token burning mechanism and improve full node synchronization.
BNB has gained 2.1 percent in the day to trade at $626, with the long-term intrinsic value expected to rise with the new deflationary system.
Binance will today conduct the Binance Smart Chain (BSC) Bruno upgrade v1.1.5 to introduce token burning with every transaction. The update also improves full node synchronization, which Binance says was a challenge on Nov. 17. On that day, the network’s daily active addresses surpassed 2 million and the number of processed transactions reached an all-time high of 14 million in 24 hours.
As Binance notes on its official website:
This hard fork will introduce a real-time burning mechanism into the economic model of BSC to introduce a new burning process of BNB, and speed up the full node sync by more than 60%.
Binance Bruno upgrade, Hard Fork and BEP-95
Notably, the network upgrade an
