To better align with the Ethereum protocol following the Pectra upgrade, BNB Chain is set to undergo a hardfork integrate better with the former amid EIP changes
BNB Chain is still scheduled to undergo the Pascal hard fork this month. According to a recent announcement, the upgrade will go live on the mainnet by March 20. The BNB ecosystem expects this event to bring several enhancements to the blockchain network.
Details About the BNB Chain Pascal Hard ForkÂ
The Pascal hard fork can boost Ethereum compatibility by integrating key features from Ethereum’s Pectra upgrade. Specifically, it will provide access to native smart contract wallets and improve security and cryptography, which is in sync with BNB Chain’s main goals.
BNB Chain’s Pascal Hardfork is coming to Mainnet on Mar 20!
This upgrade brings EIP-7702 smart contract wallets, better EVM compatibility, and improved developer flexibility.
Here’s what you need to know 🧵👇 pic.twitter.com/7nHLRL8U8e
— BNB Chain (@BNBCHAIN) March 7, 2025
The chain plans to implement the same smart contract wallet solution as EIP-7702 to provide enhanced account abstraction. With the Pascal hard fork, BNB is an inch closer to achieving this feat.Â
Once it can introduce smart contract wallets, it is assured of delivering more straightforward and more versatile account recovery options, multi-sig support for enhanced security, spending limits, and batch transactions for improved efficiency.
Subsequently, wallets can act as smart contracts, allowing gasless transactions, batch approvals, and swaps. The Pascal upgrade achieves improved security and cryptography through the integration of BEP-439 (EIP-2537). This system supports cryptographic operations with the BLS12-381 curve, which is ideal for blockchain applications.
Ultimately, the Binance ecosystem is headed for improved user experience and a seamless onboarding process for Web 3. After several months of regulatory chaos, this move could also reinstate the cryptocurrency exchange.
BNB Price OutlookÂ
About two weeks ago, Binance.US finally resumed operations after a nearly two-year hiatus. This includes deposits, withdrawals, and zero-fee ACH bank transfers for eligible customers. At the time, the news triggered BNB’s price to surge until it hit $650. Since then, the coin has lost a significant portion of its gains.
According to CoinMarketCap data, BNB currently has a market value of $593.61. This is after the coin experienced a 1.11% decline in the last 24 hours. Its trading volume of $1.68 billion suggests that traders still engage with the ecosystem. The upcoming Pascal hard fork may also boost in the price of BNB.
