Binance Coin to Undergo Hard Fork on April 29th
Binance Coin has announced the upcoming BSC Lorentz mainnet hard fork, scheduled for April 29th at 05:05 am UTC. The hard fork aims to reduce block time to 1.5 seconds, thereby cutting latency, speeding up confirmations, and improving user experience across the network.
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.
@bnbchain
The official BSC mainnet hardfork is scheduled at 05:05 am, april 29 (UTC).
BSC is reducing block time to 1.5 seconds—cutting latency, speeding up confirmations, and improving UX across the board.
This will affect
