The post BNB Chain Prepares for July Hard Fork to Mitigate Blockchain Exploit Risks appeared first on Coinpedia Fintech News
BNB Chain is set to undergo a significant upgrade called “ZhangHeng” later this month, aimed at enhancing security features for users, according to developers. The planned hard fork is scheduled to take place on July 19, 2023, at 6:00 UTC.
A hard fork involves a permanent modification to the network’s operations through a software upgrade. No new BNB tokens will be created during this upgrade, and it will require two-thirds of BNB Chain validators to update their nodes to process blocks after the upgrade.
Validators, which are entities that utilize computing power to process transactions and maintain network security, play a crucial role in the blockchain ecosystem.
As outlined in the BEP-255 proposal, the developers have implemented mechanisms to track user balance changes in each block and reconcile them to identify any potential issues. In case of a re
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