Maxwell Upgrade Boosts BNB Chain’s Performance to a New Level

Key Points

1. The Maxwell upgrade introduced three Binance Enhancement Proposals (BEPs): BEP-524 extends validator rotation, BEP-563 increases epoch length, and BEP-564 introduces new features.

2. The upgrade reduced the gas limit per block from 70 million to 35 million units to prevent bloated block sizes and improve network speed.

3. Block time was reduced to approximately 400 milliseconds, enhancing the network's ability to provide uninterrupted service.

4. The BNB token saw moderate daily price increases, though long-term impacts of the upgrade remain to be seen.

5. The upgrade is named after physicist James Clerk Maxwell and aims to improve user experience and coordination on the chain.