Bohr Hard Fork Elevates BNB Smart Chain with Enhanced Efficiency and Scalability
BNB
Chain
has
successfully
activated
the
Bohr
hard
fork
on
the
BSC
testnet,
marking
a
significant
milestone
in
enhancing
the
blockchain’s
efficiency
and
scalability.
The
mainnet
upgrade
is
scheduled
for
September
26,
although
the
date
is
subject
to
change,
according
to
the
BNB
Chain
Blog.
Bohr
Hard
Fork
Details
The
Bohr
hard
fork
incorporates
four
Binance
Chain
Evolution
Proposals
(BEPs):
-
BEP
341:
Enables
validators
to
produce
consecutive
blocks. -
BEP
402:
Completes
missing
fields
in
the
block
header
to
generate
signatures. -
BEP
404:
Clears
miner
history
when
switching
validator
sets. -
BEP
410:
Adds
an
agent
for
validators.
BEP
341,
which
allows
validators
to
produce
consecutive
blocks,
is
considered
the
most
critical
upgrade.
This
change
is
expected
to
significantly
improve
block
production
capacity
and
meet
the
growing
demands
of
the
ecosystem.
A
Closer
Look
At
BEP
341
BEP
341
introduces
a
method
for
validators
to
produce
consecutive
blocks,
transitioning
from
the
current
single-slot
system.
This
upgrade
aims
to
enhance
block
production
efficiency
and
address
the
ecosystem’s
increasing
demands.
BEP
341
has
two
essential
elements:
-
Number
of
consecutive
blocks
(n):
Defines
the
number
of
successive
blocks
a
validator
can
produce
within
a
single
epoch. -
AntiMEV
Ratio:
Adjusts
the
transaction
fee
split
to
the
SystemRewardContract
to
counteract
potential
MEV
abuse.
The
transaction
fee
split
increases
linearly
with
the
validator’s
consecutive
block
priority
and
is
capped
by
the
systemRewardAntiMEVRatio,
initially
set
to
zero.
Any
changes
require
governance
approval.
Governance
Process
for
Adjusting
Consecutive
Block
Production
in
BEP
341
While
BEP
341
is
part
of
the
Bohr
hard
fork,
its
initial
implementation
does
not
immediately
alter
the
current
setting
of
consecutive
block
production.
An
on-chain
governance
process
will
take
place
after
the
Bohr
hard
fork,
estimated
for
October
2024.
BNB
holders
and
stakers
will
vote
to
decide
on
the
change,
making
this
setting
governable
by
the
community.
Benefits
Of
BEP
341
The
implementation
of
BEP
341
with
the
Bohr
hard
fork
offers
several
benefits,
including
increased
efficiency,
greater
decentralization,
and
fair
revenue
distribution.
-
Improved
Efficiency:
Enabling
consecutive
block
production
can
enhance
BSC’s
block
production
efficiency,
throughput,
and
ability
to
meet
the
ecosystem’s
growing
demands. -
Fair
Revenue
Distribution:
BEP
341
ensures
that
validator
and
delegator
revenue
is
evenly
distributed
as
block
production
efficiency
improves.
The
AntiMEV
mechanism
prevents
high-performance
validators
from
gaining
an
undue
advantage,
promoting
fairness
on
the
network.
In
Closing
The
Bohr
hard
fork
is
a
crucial
upgrade
for
BNB
Chain,
improving
efficiency
by
allowing
validators
to
produce
consecutive
blocks.
This
change
meets
growing
ecosystem
demands
while
maintaining
fairness
through
measures
like
the
AntiMEV
Ratio.
As
it
approaches
deployment
on
the
mainnet,
Bohr
is
set
to
enhance
the
chain’s
scalability
and
security,
ensuring
it
remains
robust
and
decentralized.
Image
source:
Shutterstock
Comments are closed.