Binance Chain gets ready for a hard fork; BNB unaffected so far

Binance chain validators announced the date of the upcoming hardfork.
Binance Coin (BNB) has been doing well recently.

Tanya Abrosimova Independent Analyst

Binance Chain validators announced the date of the hardfork on the mainnet.

"Following the successful testnet upgrade, Binance Chain validators agree to have a scheduled hardfork upgrade at block height 20,300,000. Based on the current block generation speed, it is forecasted to be around 2019/07/15 7:00 AM (UTC)," says the announcement published on the Binance community portal.

Thus, all full node runners and validators should perform their software upgrade before July 10; otherwise, they won't be able to sync with Binance Chain.

Meanwhile, cryptocurrency exchange users and wallet owners (like Binance, BitMax или Gate.io) will have to wait until the corresponding exchanges and wallets provide specific instructions.

It is worth noting that the developers performed a hardfork on Binance Chain on June 26 to activate Galileo update, that affected a decentralized exchange Binance DEX.

Meanwhile, Binance Coin (BNB) has retreated from the intraday high and stayed unchanged on a day-on-day basis. The coin takes the 7th position in the global cryptocurrency market rating with the current market capitalization of $4.6 billion. At the time of writing, BNB is changing hands at $32.61

Author

Tanya Abrosimova

Independent Analyst

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