The update will introduce improvements and fixes to the BNB Smart Chain mainnet. However, it is incompatible with the previous release.
The BNB Smart Chain mainnet is set to undergo a significant upgrade in the coming days, with the implementation of the Planck hard fork update. The update is expected to take place on April 12, 2023, at block level 27,281,024. To ensure the update’s success, validators and full node operators must upgrade their software to version 1.1.21 by the same date.
BNB Smart Chain to Implement BEP-171 Cross-Chain Security Improvements
The hard fork update will introduce several improvements and fixes to the BNB Smart Chain mainnet. However, it is incompatible with the previous release due to breaking changes. Therefore, it is essential to upgrade the software to version 1.1.21 before the hard fork block height to avoid communication issues with the updated peer or validator nodes.
The upcoming changes to the BNB Smart Chain are not limited to the Planck hard fork update. The BEP-171 and BEP-172 are two significant improvements. These will be implemented soon to enhance the security, stability, and reliability of the network.
The BEP-171 Cross-Chain Module Security Improvements will make the connection between BNB Beacon Chain & BNB Smart Chain more secure by ensuring IAVL’s proof checking is up to ICS23 standards. This improvement will enhance the security of cross-chain communications by ensuring that any falsified proof is detected and the corresponding cross-chain channel is immediately blocked. Additionally, the transfer of large sums of money between chains will be time-locked to ensure their safety.
BEP-172 Improves Network Stability during Splits for BNB Smart Chain
The BEP-172 is designed to improve network stability when splits occur. This improvement will modify the time stamp and delay parameters for off-turn validators to ensure that if a validator fails to commit a block when it is its turn. The block created by a randomly chosen off-turn validator will be submitted as soon as feasible. This change will enhance the network’s reliability and ensure that the blockchain continues to function seamlessly, even during unexpected events.
The Planck hard fork update to the BNB Smart Chain mainnet is only one of the many changes coming to the network. It is essential to keep track of these changes and take appropriate action to ensure a smooth transition. All validators and full node operators must upgrade to version 1.1.21 of the software by April 12th, 2023. It will continue producing blocks after the hard fork. With the implementation of the BEP-171 and BEP-172, the BNB Smart Chain network is expected to become more secure, stable, and reliable in the future.