BNB Chain Block Time Reduced by 50% Following Maxwell Upgrade
The Maxwell upgrade on the BNB Smart Chain has launched, reducing average block time from 1.5 seconds to 0.8 seconds. This enhancement aims to expedite transaction processing and improve decentralized application (dApp) responsiveness.
Key Updates With BNB Chain Maxwell Upgrade
- Enhanced validator communication through BEP-563 improves peer-to-peer interactions among validators, stabilizing the network and minimizing synchronization delays.
- BEP-564 introduces new message types for faster sync speeds, permitting multiple recent blocks to be requested in a single call.
- BEP-524 decreases block time further, enhancing overall network efficiency.
BNB Price Momentum Is Building Fast
The price of BNB is currently at $653, recovering from a low of $606. Daily trading volume increased by 12.39% to $1.34 billion. Analysts anticipate a potential rally for BNB, with support established above $600.
- Analyst Crypto Patel suggests targets of $2,000 and $5,000 based on historical performance patterns.
- Previous similar breakout led to an increase of over 1,800% for BNB.