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What Is BEP-95 (Bruno Hard Fork Upgrade)?
The BEP-95 Bruno Hard Fork Upgrade, implemented on October 12th, 2021, introduced faster block creation, optimized smart contract operations, and enhanced EVM compatibility on the Binance Smart Chain.
Nov 06, 2024 at 07:23 pm
What Is BEP-95 (Bruno Hard Fork Upgrade)?
1. Overview
BEP-95 (Bruno Hard Fork Upgrade) is a significant update to the Binance Smart Chain (BSC) network, aimed at enhancing its functionality and performance. It was implemented on October 12th, 2021, at block height 12,079,813.
2. Key Features
a. Faster Block Creation:
BEP-95 reduces the block confirmation time from 3 seconds to 2 seconds, increasing the overall network throughput.
b. Smart Contract Optimization:
Gas costs for certain operations have been optimized, lowering transaction fees and improving contract execution efficiency.
c. EVM Compatibility:
Ethereum Virtual Machine (EVM) compatibility has been improved, making it easier for developers to migrate existing projects from Ethereum to BSC.
d. Enhanced Token Standards:
BEP-20 token standards have been extended to support more complex use cases, such as cross-chain bridges and token approvals.
e. Staking Rewards:
Validators can now receive staking rewards in the form of BNB, providing incentives for network participation.
3. Implementation Process
a. BSC Suspension:
To facilitate the upgrade, BSC was suspended temporarily from block height 12,079,660 to 12,079,814.
b. Network Update:
Validators and users updated their BSC software to the new Bruno version.
c. BSC Resumption:
Once the upgrade was complete, BSC resumed at block height 12,079,815, incorporating the new features and enhancements.
4. Benefits
The Bruno Hard Fork Upgrade has brought several benefits to the BSC ecosystem:
- Increased transaction throughput
- Reduced gas costs
- Improved EVM compatibility
- Enhanced token standards
- Incentives for validators
5. Impact on Users
a. Improved Performance:
Users can experience faster transaction confirmation times and lower gas fees.
b. Developer Support:
EVM compatibility enhancements make it easier for developers to build and deploy contracts on BSC.
c. Token Interoperability:
Extended token standards support enables seamless cross-chain interactions and token management.
6. Conclusion
The BEP-95 Bruno Hard Fork Upgrade has been a significant milestone in the evolution of the Binance Smart Chain. It has enhanced the network's speed, efficiency, and developer-friendliness, attracting more users and projects to the BSC ecosystem.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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