BNB Chain Completes Lorentz Testnet Hardforks; Here’s The Timeline For Mainnet
Highlights
- BNB Chain completes Lorentz testnet hardforks this Friday.
- The blockchain aims to bring faster and smoother operations by April end.
- Mainnet launch also looms right over the horizon, whilst BNB coin steals crypto market spotlight.
The renowned blockchain ecosystem BNB Chain has achieved a monumental stride this Friday, revealing that it completed the Lorentz testnet hardforks. According to an X post on April 10, this upgrade on the blockchain ecosystem brings faster blocks and smoother performance. “opBNB is now running at 0.5s block times & BSC testnet is live with 1.5s block times,” the X post added.
BNB Chain’s New Hardforks Boast Faster Blocks & Smoother Performance
BNB Chain revealed that the Lorentz Hardforks reduces opBNB block times to 0.5 seconds and BSC testnet to 1.5 seconds, offering its user base faster and smoother operations. opBNB is a layer-2 scaling solution built atop BSC, a layer-1 blockchain.
Notably, with the ecosystem upgrade, builders, validators, and users remain poised to witness a more responsive blockchain. Faster block times mainly bring increased throughput but risk syncing issues for dApps not designed for such speeds.
The blockchain’s team urged node operators and developers to upgrade and test dApps to check the upgrade’s compatibility.
Timeline For Mainnet Launch On BNB Chain
- opBNB mainnet hardfork will take place on April 21 at 03:00 AM UTC.
- BSC mainnet hardfork will take place on April 29 at 05:05 AM UTC.
Binance’s blockchain ecosystem is aiming to foster faster and smoother operations by the end of April, given the abovementioned advancements. This development could in turn magnetize more developers, builders, and users toward the ecosystem.
Native Coin Retaliate On This Development?
At the time of reporting, BNB coin’s price traded at $579.45, up marginally by 0.2%. The blockchain’s native token is currently consolidating within a tight range of $567 and $579.
Crypto market traders and investors have kept the coin on their radars as the abovementioned advancements could fuel more demand for the token. Also, BNB Chain can witness a flurry of activity ahead as it enhances its ecosystem’s potential with upgrades. A BNB coin price prediction by CoinGape further revealed that bulls are currently in control, as per the 3-month bias indicator.
As a result, market sentiments orbiting the coin are optimistic and investors could see a price rally ahead, although it’s worth mentioning that the broader crypto market faces immense pressure amid Donald Trump’s tariff flip-flopping. Coinglass data indicated a 3.5% drop in BNB futures OI, shredding down to $731.80 million in sync with broader trends.
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