BNB
BNB Chain Schedules Lorentz Hard Fork for Mainnet Block 42,100,000
Developers have set the activation block for an upgrade aimed at lowering user gas costs by 20% on the network.
BNB Chain developers have announced the mainnet schedule for the Lorentz hard fork, which is slated to activate at block height 42,100,000. The upgrade incorporates BEP-341, a proposal that alters transaction priority mechanisms with the aim of reducing gas costs by 20% for users across the network.
To implement the changes smoothly, validators and node operators must update their software prior to reaching the trigger block. The piece notes that failing to coordinate properly ahead of a hard fork can lead to chain disruptions, performance issues, or potential network splits.
The article points out that lower transaction fees remain a critical competitive factor for BNB Chain as it vies for activity against networks like Solana, Base, Polygon, Arbitrum, and Sui. However, the report caveats that the estimated 20% gas fee reduction may vary for individual users based on network conditions, transaction types, and application design.
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