Altcoins News
By Maheen Hernandez
1 / 15
What is the BNB Chain Lorentz Hard Fork?. The upcoming BNB Chain upgrade, known as the BSC Lorentz mainnet hard fork, is set to take place…
2 / 15
Key Features of the Lorentz Upgrade. Aside from the reduction in block time, the Lorentz hard fork will introduce several other…
3 / 15
Impact on Validators, Builders, and Infrastructure. The upcoming upgrade will have important implications for various stakeholders in the BNB Chain…
4 / 15
What Does This Mean for the BNB Ecosystem?. The Lorentz hard fork is a major step in BNB Chain's ongoing efforts to improve the scalability,…
5 / 15
Related Updates: OpBNB and BNB's Exchange Listing. In addition to the upcoming Lorentz hard fork, BNB Chain has already seen some major updates…
6 / 15
Conclusion: The Future of BNB Chain. With the Lorentz hard fork just days away, BNB Chain is preparing for a major upgrade that…
7 / 15
BNB Chain, one of the most popular blockchain networks in the crypto space, is gearing up for a significant upgrade that promises to improve the overall user experience and…
8 / 15
The move to a 1.5-second block time is a significant step forward for the BNB Chain ecosystem.
9 / 15
Aside from the reduction in block time, the Lorentz hard fork will introduce several other important changes that will impact how the network operates. These include:
10 / 15
Block Time Reduction: The block time will be slashed from 3 seconds to 1.5 seconds, significantly accelerating transaction processing and improving the overall speed of the…
11 / 15
Epoch Increase: The Epoch, which governs the duration of each validator's participation in the consensus process, will be increased from 200 to 500.
12 / 15
Gas Limit Adjustment: The gas limit will be reduced from 140 million to 70 million gwei. While this change will lower the maximum gas limit, the overall throughput of the network…
13 / 15
Increased Consecutive TurnLength: The "Consecutive TurnLength" will be increased from four to eight.
14 / 15
The upcoming upgrade will have important implications for various stakeholders in the BNB Chain ecosystem, including validators, developers, and infrastructure providers.
15 / 15
Validators: Validators will need to ensure that their nodes are updated to the latest version, v1.5.10, before the Lorentz hard fork goes live.
The Currency Analytics
Want the full story?