Connect with us

News

Binance announces mainnet Heisenberg hard fork upgrade schedule

Published

on

Source: Pixabay

Following the successful testnet Heisenberg upgrade, Binance Chain validators have now agreed on a scheduled hard fork upgrade at block height 51,467,800. According to the official blog post for the Binance Chain mainnet Heisenberg upgrade, it will be activated on 28 November at 5:00 AM [UTC], following which the validators, as well as all the full node runners, will be expected to switch their software version to v0.6.3 by 28 November. However, no action will be necessary for BNB token holders or Binance DEX users.

The blog read,

“If you use any exchanges which support BNB [such as Binance.com, BitMax or Gate.io], one of the wallets, or a hardware wallet [such as Ledger, Cool Wallet], you do not need to do anything unless your exchange or wallet service specifies otherwise. There are no changes to Binance DEX matching engine logic.”

After the upgrade is activated, logic changes will occur at the said block height, i.e. the blockchain will be able to handle a series of new business logic.

There are many updates lined up following the hard fork. According to the blog, there will be substantial performance improvements, especially for a larger number of addresses. There will also be Lot-Size enhancements, which means that the lot size will be calculated based on its price against BNB in the upcoming match engine of Binance DEX. There will also be change constraints in the listing of transactions. This essentially implies that both the owner of quote-assets, as well as, base-assets, can send listing transactions after the upgrade is activated.

The Malta-based cryptocurrency exchange had previously published a report which outlined the October updates. The report said that 11 community-submitted listing proposals had been approved of on their distributed exchange platform, Binance DEX, with 2 proposals still in the voting process.

Where to Invest?

Subscribe to our newsletter

Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.