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BNB Chain Gets an Upgrade: Smart Wallets and Gas Fee Improvements Now Live

BNB Chain Gets an Upgrade: Smart Wallets and Gas Fee Improvements Now Live WikiBit 2025-03-22 06:04

BNB Chain just got a significant upgrade on March 20, 2025, when they completed their Pascal hard fo

BNB Chain just got a significant upgrade on March 20, 2025, when they completed their Pascal hard fork, bringing smart contract wallets and easier gas fees to the platform.

This update introduces key changes designed to boost transaction efficiency and improve how BNB Chain works with the Ethereum Virtual Machine (EVM), thanks to the adoption of Ethereum Improvement Proposal (EIP) 7702.

The integration of EIP-7702 through the Pascal Hard Fork represents a major step forward for the BNB Chain ecosystem. One of the most notable features of this update is the introduction of smart contract wallets.

New Features Introduced by the Pascal Hard Fork

These wallets operate as smart contracts, which allows for gasless transactions, meaning users no longer need to deal with managing gas fees directly. The launch of the Pascal Hard Fork positions the BNB Chain at the forefront of blockchain innovation.

Additionally, the hard fork enables batch transactions, allowing for the processing of several actions within a single transaction. This improves efficiency and simplifies the transaction process for everyone. The update also streamlines gas fee handling, making the entire process smoother for users.

How Will These Changes Benefit BNB Chain Users and Developers?

This improvement is expected to lower the barrier for new users joining the network. It also provides developers with more flexibility when creating decentralized applications (dApps), ultimately improving the experience for those building on the BNB Chain.

Leading up to the Pascal Hard Fork, the BNB Chain had advised all network participants, including node operators, validators, and exchanges, to update their systems. These updates are crucial for ensuring smooth operations and preventing any disruptions after the hard fork.

Developers were also encouraged to ensure their dApps are compatible with the new transaction guidelines introduced by the upgrade.

What Next after the Pascal hard fork?

Looking ahead, the next upgrade is the Lorentz Hard Fork, scheduled for April 2025. This upgrade aims to further enhance network performance by reducing the time it takes to create a new block to just 1.5 seconds.

Following Lorentz, the Maxwell Hard Fork in June 2025 will continue to improve block processing times, bringing them down to an impressive 0.75 seconds.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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