BNB Chain is preparing to increase block production speed by about 40% by rolling out its third major network upgrade, called Fermi, on January 14.
The update aims to make the network faster and more predictable for developers and users.
Danny Cooper, team leader of Vanguard Vantage, a sub-DAO of Venus Protocol within the BNB Chain Ecosystem says that while the change may seem small, it will make the network feel “more responsive and resilient,” especially during periods of high volatility. According to Cooper, this improvement will improve the user experience by reducing latency during peak hours.
The update comes as Wall Street’s growing interest in cryptocurrencies has fueled a race to increase the speed and transaction capacity of blockchains. Within the framework of the long-discussed ‘blockchain triad’ (the necessary trade-off between decentralization, scalability and security), BNB So far, Chain has taken an approach that prioritizes speed and scalability.
As this debate continued, Ethereum co-founder Vitalik Buterin argued on January 3 that tech innovations like PeerDAS and zero-knowledge virtual machines helped overcome the trilogy.
BNB Chain continues its tradition of naming upgrades after academics. The latest upgrade is named after Italian-American physicist Enrico Fermi, known for developing the world’s first artificial nuclear reactor. The previous two major upgrades were named after Blaise Pascal and James Clerk Maxwell.
The Fermi update not only shortens block times. It aims to make acknowledgments more predictable by reducing network finality time to approximately 1 second. This is expected to reduce risks such as slippages in volatile market conditions.
*This is not investment advice.