BNBChain executes hard fork upgrade- Here's everything you need to know
They include enabling validators to pause cross-chain channels, automatic pausing in case of forged proof detection, and applying a timer lock for large cross-chain transfers.
The upgrade comes at a time when the BNB Chain was making headlines for an increase in cross-bridge hacks. As per a report by ImmuneFi, a Web3 bug bounty platform, BNB Chain was the most targeted in Q1. There were 33 incidents of hacking on BNB Chain, representing more than 40% of the total losses across targeted chains.In fact, when we asked ChatGPT if increasing hacks will be the undoing for Binance, it responded by stating that they were ‘definitely a cause for concern.’
The AI bot added that hacks could impact not only the adoption of the BNB Chain but the value of the BNB coin as well.Despite the growing incidents of hacks and looming regulatory concerns, BNB Chain adoption didn’t show signs of sluggishness. According to Token Terminal data, daily active users on the platform surged 10% over the last 30 days. However, it
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