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

04/05/2023 12:24 • Blockchain Buzz • 126 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 invested in BNB Chain, it’s essential to stay updated about the network’s upgrades and developments. On April 5th, BNB Chain announced its decision to conduct a hard fork upgrade with the code name Planck at a block height of 27281024. The upgrade is predicted to start at 13:30 Beijing time on April 12th, based on the current network block output speed. In this article, we’ll discuss everything you need to know about the Planck hard fork upgrade, its objectives, and how it will impact the network.

What is the Planck Hard Fork Upgrade?

A hard fork upgrade is a significant change in the network’s software that makes the previous version invalid and creates a new branch of the blockchain. The Planck hard fork upgrade aims to enhance the security and stability of the BNB Chain network. The upgrade will introduce several upgrades to the network’s consensus mechanism, making it more reliable and efficient.

When Will the Planck Hard Fork Upgrade Take Place?

As mentioned earlier, the Planck hard fork upgrade is expected to start at 13:30 Beijing time on April 12th. If you’re a main network verifier or full node operator, you should switch your software version to v1.1.21 before April 12, 2023, to avoid any disruptions during the upgrade.

How Will the Planck Hard Fork Upgrade Impact the Network?

The Planck hard fork upgrade will impact the network in various ways. Firstly, it will introduce a new consensus mechanism that will enable the network to process transactions more efficiently. The upgrade will also address several security vulnerabilities that were present in the previous version of the network’s software, making the network more secure.

What Should You Do to Prepare for the Planck Hard Fork Upgrade?

If you’re invested in BNB Chain or plan to invest in it, you must prepare yourself for the Planck hard fork upgrade. Firstly, make sure that you’re using the latest version of the network’s software. If you’re a main network verifier or full node operator, switch your software version to v1.1.21 before April 12, 2023. Additionally, keep an eye on the network’s developments by following official community channels and announcements.

Conclusion

The Planck hard fork upgrade is a significant development in the BNB Chain network’s evolution. It aims to enhance the network’s security and stability, making it more efficient and reliable. If you’re invested in BNB Chain, it’s essential to stay updated about the network’s upgrades and developments and prepare yourself for the upcoming hard fork upgrade.

FAQs

**Q1. What is BNB Chain?**
A1. BNB Chain is a decentralized blockchain network that provides a platform for developing and deploying decentralized applications.
**Q2. How will the Planck hard fork upgrade impact BNB cryptocurrency holders?**
A2. The Planck hard fork upgrade is not expected to have any significant impact on BNB cryptocurrency holders. However, you should ensure that you’re using the latest version of the network’s software before the upgrade.
**Q3. What is a hard fork upgrade?**
A3. A hard fork upgrade is a significant change in the network’s software that makes the previous version invalid and creates a new branch of the blockchain.

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