BNB Chain Pascal Hard Fork Boosts EVM Compatibility and Smart Contract Security, Stocks Surge
BNB Chain is set to undergo a significant upgrade known as the Pascal hard fork on March 20th. This upgrade is designed to enhance the compatibility of the Ethereum Virtual Machine (EVM) and introduce support for EIP-7702, a proposal that aims to improve the functionality and security of smart contracts on the blockchain.
The Pascal hard fork will bring several new features to the BNB Chain, including gas abstraction, EOA wallet smart contract capabilities, and batch transactions. These enhancements are intended to provide users with a smoother experience and offer greater flexibility to developers. Gas abstraction, for instance, allows users to complete on-chain interactions without holding native tokens for gas fees in their accounts. Additionally, dApps will be able to sponsor gas fees for users, further enhancing the user experience.
One of the key aspects of the Pascal hard fork is the introduction of EIP-7702, which enables externally owned accounts (EOA) to temporarily have smart contract functions during transactions while maintaining account security. This upgrade is expected to significantly lower the threshold for users to enter the Web3 ecosystem, making it more accessible and user-friendly.
For the upcoming mainnet upgrade, node operators and validators are required to update to the specified versions before March 20th. Exchanges and infrastructure providers must ensure compatibility before the hard fork, and developers need to test and update their dApps to support the new transaction types. This upgrade is part of BNB Chain's 2025 technical roadmap, which includes plans for additional hard forks in April and June to further enhance the platform's capabilities.
The Pascal hard fork has already been successfully completed on the testnet, and the community is now preparing for the mainnet upgrade. This upgrade is a testament to BNB Chain's commitment to continuous improvement and innovation, aiming to provide a more efficient and secure blockchain platform for its users and developers.
