#BinanceAlphaAlert The network created by Binance is days away from a fork.
#BinanceTGEXNY The team behind the BNB Chain (BSC) network explained that its next major update, called Maxwell, will occur on June 30, when it is implemented on the mainnet. The announcement, made on June 26 on X, details that "all dApps, validators, and infrastructure teams must be prepared now for blocks of less than one second."
The fork (hardfork) Maxwell introduces three significant updates, as explained by CriptoNoticias at the end of May. The first, driven by Binance Evolution Proposal 524 (BEP-524), will reduce the block processing time from 1.5 to 0.75 seconds.
At the time of this article, the BNBScan block explorer confirms that the BNB Chain network processes blocks in 1.5 seconds.
Thus, the Maxwell update would take a step further, potentially improving the user experience in decentralized applications (dApps) by offering lower latency and greater agility, especially in the field of decentralized finance (DeFi) and applications that operate in real-time.
The second improvement, BEP-563, optimizes communication between validators, essential nodes that ensure consensus in the network. With faster blocks, these nodes must agree on transactions in less time.
BEP-563 incorporates a unique identifier (NodeID) in the system contract, aiming to facilitate the identification and efficient exchange of messages in the peer-to-peer (P2P) network.
This would minimize errors such as lost votes or delayed proposals, a crucial factor for maintaining stability with an estimated block time of 0.75 seconds.
Meanwhile, BEP-564 refines the block recovery logic. In a chain, nodes synchronize data to validate transactions.