Binance to support hard fork of BNB Beacon Chain

The cryptocurrency platform Binance has announced that it will support the update and the hard fork of the BNB Beacon Chain. The upgrade will occur at block height 234,560,000 — on 12 April, around 09:00 MSK.

#Binance will support the BNB Beacon Chain #BNB upgrade & hard fork.https://t.co/rQd2KPmtT2

— Binance (@binance) April 8, 2022

According to the statement, shortly before the upgrade the platform will disable deposits and withdrawals within the BNB Chain ecosystem. Operations will resume when the company is confident that the network is functioning stably.

The Descartes hard fork for the governance network of the BNB Beacon Chain envisages activating the proposal BIP-128, which is intended to improve the efficiency of the reward distribution system for staking in the BNB Chain.

The upgrade will reduce the load on the so-called breath-block of the Binance Smart Chain blockchain. It will distribute only validators’ fees. Delegates’ rewards will be stored in a separate vault and then delivered to beneficiaries in bundles.

BIP-128 also sets the size of the packet required for timely distribution of rewards.

“The impact on ordinary delegates is that after the proposal is activated they will receive rewards with a small delay. However, this delay is relatively small and can be ignored in the context of the staking process,” the developers noted.

The Descartes hard fork was activated on the BNB Beacon Chain testnet on March 15, 2022.

Earlier in January, the BNB Chain developers presented the ecosystem development plan for 2022.