BNB Chain to Undergo 'Haber' Hardfork on June 20

IconCryptoNewsTerminal Staff13 Jun, 2024

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BNB Chain to Undergo 'Haber' Hardfork on June 20

BNB Chain has announced that its opBNB Mainnet will undergo the Haber Hardfork upgrade at 5 PM (Korean Time) on June 20. Full node operators are required to update to v0.4.1 before the hardfork. What is the Haber Hardfork? The Haber Hardfork is a significant upgrade to the BNB Chain network that will introduce a number of new features and improvements. These include: Support for the BEP-95 standard, which will allow for the creation of decentralized autonomous organizations (DAOs) on BNB Chain. A new consensus mechanism that will improve the network's performance and scalability. A number of security enhancements that will make the network more resistant to attacks. Why is the Haber Hardfork Important? The Haber Hardfork is an important upgrade for the BNB Chain network that will bring a number of benefits to users. These benefits include: Increased decentralization and autonomy through the introduction of DAOs. Improved network performance and scalability. Enhanced security. How to Prepare for the Haber Hardfork? Full node operators are required to update to v0.4.1 before the Haber Hardfork. Users who do not update their nodes will not be able to participate in the network after the hardfork. For more information on the Haber Hardfork, please refer to the official BNB Chain documentation.