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U.Today - Changpeng Zhao, better known to the crypto community as CZ, has taken to social media to announce the upcoming launch of a hard fork on the Binance Chain that is to take place at the end of March.
Two more hard forks are scheduled for BNB Chain later this year.
Pascal hard fork coming to BNB chain
CZ shared a post published by the official Binance account on the X platform. According to the details revealed in it, the upcoming upgrade will bring to the BNB Chain EIP-7702 smart contract wallets, improve the BNB Chain’s compatibility with the Ethereum Virtual Machine (EVM) and also boost developer flexibility.So far, the EIP-7702 EVM upgrade has been successfully integrated in BNB Chain’s testnet – the integration finished on Feb. 25. The tweet states that this upgrade is going to be “a big step forward for BNB Chain.”
On March 20, it is coming to the mainnet. It is important that validators, operators of nodes and crypto exchanges make the necessary upgrade to v1.5.7 before March 20, at 2:10 a.m. UTC, the X post says. Should someone fail to update in time, their node may fall out of synchronization after March 20.
The EIP-7702 upgrade will enable wallets to temporarily take up the functions of smart contracts, with more opportunities opening up for users thanks to this: “Gasless transactions via payments. Batch approvals & swaps in one click. Easier onboarding for users new to Web3.”
After Pascal, there will be two more crucial upgrades – Lorentz hard fork in April and Maxwell hard fork in June. Both will reduce the generating block times, to 1.5 seconds and then to 0.75 seconds, respectively.
CZ reveals details of book he’s writing
Earlier this week, CZ surprised the BNB community by revealing the details of the book he once mentioned writing before starting his prison term last year.Back then, he mentioned that he would have plenty of free time and was thinking of writing something. On Friday, he tweeted that he has written his first draft of that book, and it amounts to 114,000 words so far.
CZ admitted that writing this draft took longer than he expected, and it would “probably take another 3x effort to rewrite it.” The Binance cofounder confessed that “so far, it’s been a massive self brain dump exercise.”