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COMING SOON: Binance Smart Chain’s Luban Hard Fork

COMING SOON: Binance Smart Chain’s Luban Hard Fork

Binance Smart Chain Mainnet will undergo the Luban hard fork in a few weeks on June 11th.

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Luban hard fork to include 3 BEPs:

-- BEP-126: Introduce Fast Finality Mechanism.

-- BEP-174: Introduce BSC Extension Protocol.

-- BEP-221: Introduce BSC Fee Market.

 

 Let’s look into them in detail:

BEP-126 aims to reduce the confirmation time of BSC transactions by introducing a voting mechanism among validators.

BEP-174 introduces a new governance proposal type to manage the set of whitelisted Relayers.

A Relayer is a service that facilitates cross-chain communication and data sharing among different blockchains by relaying messages and transactions between them.

BEP-221 introduces a new pre-compiled contract to authorize the CometBFT blocks.

CometBFT is a light block validation protocol used by the BSC Extension Protocol to verify the block headers of other chains.

 

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Arhat
Arhat Verified Member

Investor at L2 Iterative Ventures. Prev: Founder 3z3 Labs. I write about web3 use cases, hacks, and deep dives.


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