COMING SOON: Binance Smart Chain’s Luban Hard Fork

By Arhat | Truly Crypto | 6 Jun 2023


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

1c0dd83649fb65e4ae7b7c9f336c99c30ef587f2514e8b89c7048320ff0cd1ed.jpg

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.

 

How do you rate this article?

3


Arhat
Arhat Verified Member

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


Truly Crypto
Truly Crypto

On Hacks, Use Cases & Deep dives.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.