Cryptocurrency platform Binance has announced that it will support the upgrade and hard fork of the BNB Beacon Chain network. The update will occur at approximately 09:00 UTC on April 12 at block height 234,560,000.

According to the statement, shortly before the update, the platform will disable deposits and withdrawals in the BNB Chain ecosystem. Once the company is “convinced that the network is stable,” the operation will resume.

The Descartes hard fork for the BNB Beacon Chain governance network includes the activation of the BIP-128 offering, designed to increase the efficiency of the BNB Chain staking reward distribution system.

The update will supposedly reduce the load on it. breath block Blockchain Binance Smart Chain. Only the validator will distribute commissions. Delegates’ prizes will be placed in a separate vault and then distributed in batches to beneficiaries.

BIP-128 also determines the amount of packets required to distribute the fee in a timely manner.

“The effect on grassroots delegates is that they receive the rewards with some delay after the offer is activated. However, this delay is relatively small and can be ignored in the context of the betting process.

The Descartes hard fork was activated on the BNB Beacon Chain testnet on March 15, 2022.

Previously, the Binance Smart Chain ecosystem team renamed the project to BNB Chain. It includes:

• BNB Beacon Chain Management Network (formerly Binance Chain);
• blockchain BNB Smart Chain (BSC) – formerly Binance Smart Chain;
• EVM– compatible consensus levels, including multi-chain hubs.

Recall that in January, the developers of BNB Chain presented a plan for the development of the ecosystem in 2022.