This month, BNB Chain will undergo a significant upgrade called “ZhangHeng” that will increase client security, according to the architects. The purposeful, arduous fork is planned on July 19, 2023, at 6:00 UTC.
A hard fork involves a permanent software upgrade that affects how the community functions. No new BNB coins will be produced during this upgrade, and two-thirds of BNB Chain validators will need to update their nodes in order to process blocks after the upgrade.
Within the blockchain ecosystem, validators—entities that make the most of computer power to process transactions and maintain community safety—play a crucial role.
According to the BEP-255 proposal, the developers have implemented tools to track individual balance changes in each block and reconcile them in order to identify any potential issues. The blockchain will halt creating new blocks in the event of a reconciliation error, which might have an impact on downstream businesses like bridges, deposits, and withdrawals from exchanges.
The builders stressed the importance of this action in protecting the chain and its clients, and how quickly core builders and local residents must be involved in order to assess the situation and find a solution.
The actions are intended to protect customers.
These precautions are meant to protect users’ token holdings, especially against attacks like bridge exploits. Bridges are tools that make it easier to transfer tokens between various blockchain networks. Despite their importance, bridges are also prone to flaws. Recently, according to DefiLlama, bridge-based exploits have resulted in significant losses of about $2.66 billion.
The BNB Chain’s next improvements aim to address these issues and enhance community safety for the benefit of its patrons.