The t-49 network announced it would reduce the block time of the c-51 chain.
The smart contract time (t-38) will be reduced from 1.5 seconds to 0.75 seconds with the "Maxwell" upgrade scheduled for June 30, 2025. This significant change aims to increase network transaction speed, improve response time, and enhance the performance of all components of the ecosystem.
The "Maxwell" upgrade implements three main proposals, which are BEP-524, BEP-563, and BEP-564. Each of these proposals aims to enhance aspects of speed and reliability in BSC.
With the new update:
The block time will be reduced from 1.5 seconds to 0.75 seconds.
Communication among validators will be improved.
Block synchronization between nodes will be accelerated.
These improvements will benefit all participants in the network, including users, developers, validators, and node operators.
The Maxwell update is a new step after the c-25 chain reduced the block time of the currency from 3 seconds to 1.5 seconds using the Lorentz hard fork. Lorentz has also significantly improved network stability:
The rate of reorganizations has decreased from 5 per day to 2.
The block finality has become more consistent among validators.
The validator memory usage and block processing time have decreased.
According to Dune Analytics data, during this period, BSC achieved the following:
Reduced the average transaction fee to $0.04.
Peaked in daily trading volume on decentralized exchanges.
After Maxwell, transactions on BSC will be almost instantaneous. Token swaps, minting (t-72), or any interaction with decentralized applications will be smoother and faster. t-74 c-76 t-78