Binance Pascal Hardfork: Opening a New Era for BNB and Ethereum Compatibility

Jakarta, Pintu News – The major update to the Binance Chain scheduled for March 20, known as the Pascal Hardfork, is expected to bring compatibility with Ethereum ETH2.09%->Current ETH PriceRp 31.627.2392.09%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072 and a new community governance model. This is a significant step that could increase the value of BNB in the crypto market.

Compatibility with Ethereum (ETH)

The Pascal hardfork on Binance Chain enabled integration with Ethereum (ETH) through the activation of BEP-439. This was the result of successful testing on the testnet, where EIP-7702 enabled smart contract wallets to operate gasless, with batch approval, and multi-signature support.

These features are designed to improve user experience and ease onboarding to Web3, by supporting dApps that pay gas fees. Transaction security is assured with successful verification through the BLS12-381 curve. Node operators, validators and exchanges need to update their systems to version 1.5.7 to ensure compatibility or they will experience desynchronization.

This update is part of BNB Chain’s long-term plan that will continue until 2025, including the Lorentz Hardfork in April and Maxwell Hardfork in June that will increase transaction speed and developer freedom on the EVM-compatible chain.

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Community Governance Model

Binance introduced a community governance model on Binance Smart Chain (BSC), which allows users to select list and de-list tokens. This model increases transparency and quality assurance through decentralized decision-making, allowing the community to freely prioritize high-quality projects.

“Vote to List” and “Vote to Delist” mechanisms are introduced to increase community participation and provide a stronger voice in the listing process. With the integration of AI in BSC, the model uses analytics to empower voters with insights on token performance, security audits, and market trends to make informed choices. The voting system, integrated within the Binance platform, uses BNB staking for eligibility, with votes weighted by stake size.

BNB Price Prediction

While this update is expected to increase the price of BNB, the impact may not be immediate. BNB’s 4-hour chart shows significant structural changes from the Change of Character (CHoCH) and Break of Structure (BOS) events. Currently, BNB is trading at $564.56, testing the $550-$575 level.

If it can sustain above $550, the price could push to $600, testing the BOS level. However, if it doesn’t hold at $550, BNB may drop below $525, which would approach the $500 level. Another resistance at $575 suggests that there is resistance; a break higher might target $650, but a rejection would validate further weakness to $525-$500, in line with the general decline in altcoins.

Conclusion

With the Pascal Hardfork, Binance Chain not only improves compatibility with Ethereum (ETH) but also introduces a new era in community governance through Binance Smart Chain (BSC). This marks an important step in the evolution of BNB as a crypto asset and may be a catalyst for future value growth.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Binance: How the Pascal Hardfork can boost BNB further. Accessed on March 12, 2025
• Featured Image: Generated by AI