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Crypto: BNB Chain Set For A Major Power Surge Starting This April!

18h05 ▪ 4 min read ▪ by Evans S.
Getting informed Blockchain

The crypto universe is advancing at lightning speed, and BNB Chain seems determined not to be left behind. As blockchains fiercely compete to gain speed and efficiency, the Binance-affiliated platform is preparing a series of technical updates that could redefine industry standards. In April, the mainnet is set to experience a pivotal turning point, following the success of the Lorentz test network. But behind these technical adjustments lies a more ambitious strategy: to dominate the game in 2024.

A humanoid robot bearing the BNB logo, in superhero armor, prepares to take off from a futuristic hangar.

Lorentz and Maxwell: a race against time for technical supremacy

April 21 and 29 will mark a turning point for BNB Chain. These dates correspond to the official deployment of Lorentz upgrades on opBNB and BSC, reducing their block times to 0.5 and 1.5 seconds, respectively. A technical feat that places crypto in a superior league. BNB Chain is now competing with giants like Solana and Ethereum. For developers, this evolution isn’t just a simple speed gain: it’s a revolution in user experience.

However, BNB Chain does not intend to stop there. The roadmap already outlines another upgrade, named Maxwell, for June. The goal? Push block time to 0.75 seconds, a figure that skirts instantaneity.

These improvements are part of a logic of extreme performance, but also prepare for the massive influx of users and Web3 projects. Node operators have understood: adaptation is mandatory. The guidelines shared on GitHub confirm this: resisting this technological wave risks obsolescence.

Moreover, the Pascal upgrade, deployed in March, has laid the groundwork for this transformation. By optimizing the Ethereum virtual machine (EVM) and introducing gasless crypto transactions, BNB Chain has discreetly prepared the ground for its future breakthroughs.

These technical adjustments are not mere fixes: they form a coherent ecosystem designed to attract both developers and institutional investors.

Strategy 2024: when speed rhymes with domination of the crypto market

Behind these technical advancements lies a clear ambition: to make BNB Chain the indispensable reference for blockchains in 2024.

Changpeng Zhao (CZ), founder of Binance, hinted at this in February: this year will be one of disruptive maturity. With finality in less than a second, smart crypto wallets, and AI integration, the platform is betting on innovation to establish its legitimacy.

The numbers speak for themselves. In the first quarter of 2024, BNB Chain generated $170.2 million in fees, compared to $119.34 million a year earlier. A 42% growth that reflects accelerated adoption.

The BNB crypto, for its part, resists market turbulence. Stable above $500 for a month, it shows rare resilience in a context of widespread volatility. At $583, its current price could even reach a new high if spot ETFs receive regulatory approval.

But the real asset of BNB Chain lies in its ability to merge technology and ecosystem. The integration of an AI agent and a code co-pilot, mentioned by CZ, is not just a gadget. It could automate complex processes, reduce human errors, and attract a new wave of developers. Combined with near-instant crypto transactions, this approach positions BNB Chain as a laboratory of innovations, well beyond a simple infrastructure. Discover, moreover, Vitalik Buterin’s radical roadmap.

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Evans S. avatar
Evans S.

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.