BNB Chain Team Rolls Out Luban Update
Date: 2023-06-13 Categories: BLOCKCHAIN
The upgrade included three suggestions for improvement:
BEP-126 was considered the most significant, which implemented the first part of the FastFinality mechanism to speed up block finalization.
"What does this mean? Increased security against double spending attacks and MEV reorganizations, irreversible transactions after confirmation, and efficient operations for exchanges and DeFi protocols,” the developers explained.
They clarified that the upgrade does not directly speed up transactions or reduce fees.
BEP-174 introduced a mechanism for managing relays that help transfer assets between different blockchains. The solution is designed to secure the BSC Bridge cross-chain bridge.
The BEP-221 proposal implemented simplified block validation.
The Polyhedra Network project behind the zkBridge cross-chain solution and a lightweight zero-knowledge proof (ZKP) client for the LayerZero protocol has announced support for the Luban hard fork.
“The update provides ultra-fast finalization and increased security on the BNB network. We continue to develop the blockchain with the most secure and efficient interoperability using ZKP,” the Web3 startup said.
