Bnb
Exchanged Sunday in a narrow range, reflecting resilience in the middle of the low volatility as the BNB chain community is preparing for a significant upgrade of the infrastructure, according to the Technical Analysis model of Coindesk Research.
The upgrade of Maxwell Hard Fork scheduled for June 30 is about to improve the performance of the smart channel BNB (BSC) Mainnet by reducing block times from 1.5 seconds to 0.75 seconds, giving the chain flow potential.
This upgrade is based on previous milestones such as the Lorentz fork, which has reduced the block time by 3 seconds and has introduced improved network stability. Maxwell moves the BSC in the speeds of blocks lower than the second, helping him to compete more directly with faster chains such as Solana.
The hard fork will be fueled by three proposals for improving the protocol: BEP-524, BEP-563 and BEP-564. These measures revised the key components of the coordination of the validator and the Consensus mechanics. In particular, validators will now serve as a proposal for longer blocks (16 blocks per turn)And the length of the time is extended by 500 to 1,000 blocks – changes that should stabilize performance even in accelerated conditions.
To avoid network congestion and excessive state growth, the gas limit per block will be reduced from 70 million to 35 million. Improvements on the network side are also expected, with faster propagation of blocks among validators – less than 400 milliseconds – and improved beach synchronization for late nodes.
Named according to the physicist James Clerk Maxwell, the upgrade is designed to balance the speed with stability, aimed at raising the position of the BNB chain through the Blockchain Defi, Gamefi and business sectors. By offering a more reactive block purpose and a more fluid participation in the validators, the Fork Maxwell Hard could help stimulate future adoption and the growth of developers through the ecosystem.
Strengths of technical analysis
- Between June 28 15:00 UTC and June 29, 2:00 p.m. UTC, BNB went from $ 646.29 to $ 650.25, a gain of 0.61% with $ 5.75 (0.89%) Commercial Fourmette.
- The price found a key support at $ 647.11 during the UTC 02:00 hour on June 29, with an average volume of 10,034 units.
- The resistance appeared at $ 651.30 during the 12:00 UTC time, capping other gains. (18,696 and 22,494 units, respectively) Interest of confirmed persistent buyer greater than $ 648.
- From 1:05 p.m. to 2:04 p.m. UTC on June 29, BNB went slightly from $ 650.85 to $ 650.25, displaying an intraday loss of 0.09%.
- The price briefly hit a session peak from $ 651.07 at 13:23 UTC before rejecting lower, with a volume peak of 957.81 units at 13:25 UTC.
- From 21:24 UTC, BNB exchanged $ 648.37, causing previous gains and holding below the resistance near the level of $ 651.
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