BNB Chain’s Planck Hard Fork Upgrade: What You Need to Know

04/05/2023 12:24 • Crypto & Markets • 66 views

On April 5th, according to official news, BNB Chain will conduct a hard fork upgrade with the code name Planck at a block height of 27281024. Based on the current network block output speed, it is predicted that the upgrade will start at 13:30 Beijing time on April 12th. The core team stated that this upgrade aims to enhance the security and stability of the network. The main network verifier and full node operator should switch their software version to v1.1.21 before April 12, 2023.

BNB Chain is expected to launch the Planck hard fork upgrade on April 12, 2023

If you’re a Binance Coin (BNB) holder or a crypto enthusiast, you’ve probably heard about the upcoming hard fork upgrade scheduled for April 5th. BNB Chain, a blockchain developed by Binance Exchange, will be performing the upgrade with the code name Planck at a block height of 27281024. This article will provide you with important details about this upcoming hard fork upgrade.

What is a hard fork?

Before delving into the specifics of BNB Chain’s Planck hard fork upgrade, it’s important to understand what a hard fork is. In simple terms, a hard fork occurs when a blockchain’s protocol is changed in a way that makes previously invalid blocks valid, or vice versa. This results in a permanent divergence from the previous version of the blockchain, making the two incompatible with each other.

Why is BNB Chain upgrading with Planck?

According to official news, BNB Chain is set to upgrade with Planck in order to enhance the security and stability of the network. The core team has not disclosed the specific changes that will be made, but we can expect that they will address any known vulnerabilities in the network and improve its overall performance.

When will the Planck upgrade take place and what do you need to do?

Based on the current network block output speed, BNB Chain is expected to upgrade with Planck at 13:30 Beijing time on April 12th. If you’re a main network verifier or full node operator, it is imperative that you switch your software version to v1.1.21 before April 12, 2023. This will ensure that your node will be able to communicate with the upgraded network and avoid disruption to the network.

What are the potential impacts of the Planck upgrade?

As with any major blockchain upgrade, there is always the risk of disruption to the network. However, BNB Chain’s core team has assured the community that they are taking all necessary precautions to ensure a smooth transition into the upgraded network. It is also worth noting that the previous hard fork upgrades for BNB Chain have been successful with minimal disruptions to the network.

Conclusion

In summary, the upcoming BNB Chain’s Planck hard fork upgrade is an important milestone for the network’s development. The upgrade aims to enhance the security and stability of the network, and it is important for main network verifiers and full node operators to update their software versions before the scheduled upgrade on April 12th.

FAQs

Q: What is a hard fork upgrade?
A: A hard fork upgrade occurs when a blockchain’s protocol is changed in a way that makes previously invalid blocks valid or vice versa.
Q: When is the Planck upgrade scheduled to take place?
A: The Planck upgrade is scheduled to take place on April 12th at 13:30 Beijing time.
Q: Why is BNB Chain upgrading with Planck?
A: The upgrade is aimed at enhancing the security and stability of the network.

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