Binance Chain Runners, Take Note of Mainnet Hard Fork Upgrades
The Binance Chain mainnet is a blockchain software system that is developed by Binance and thier community, around August 28, it’s scheduled to do a hard fork upgrade.
According to the company, the full node runners on the mainnet are expected to switch their software version to v0.8.0 by the hard fork date.
Concerning the change, it will have no impact on the Binance (BNB) token holders and Binance Decentralized exchange users. However, full node operators of the Binance chain should follow the upgrade instructions on the main site to avoid disconnection and fail to send transaction troubles.
The upgrade is named after the evolution theorist Charles Darwin. It is expected to handle “a series of new business logic”, such as Binance (BNB) staking, cross-chain transfer, on-chain governance procedure for Binance Smart Chain.
Binance Chain wallet providers or service consumers should also pay attention to the new staking, cross-chain related business model features.
The new version of the Binance Chain will also fix the bug of the distributed staking rewards.
In April this year, binance Chain launched a smart contract-enabled chain, allowing its developers build decentralized apps. The Smart Chain was said not to issue new tokens as block rewards. The rewards would be within the chain’s transaction fees instead.