Band Protocol Upgrades BandChain Main Network to v2.5: Here’s What You Need to Know

It is reported that the cross chain oracle machine Band Protocol has voted to upgrade the BandChain main network to v2.5, which is expected to be upgraded at the block height of 16562500 (22:00 on April 27, Beijing time). Upgrades include upgrading ibc-go to v4.3.0, cosmos-sdk to v0.45.15, tendermint (cometbft) to v0.34.27, and support for bandd static link binaries.

The BandChain main network is expected to be upgraded to v2.5 on April 27th

Band Protocol, the cross-chain oracle machine, recently announced that they have voted to upgrade the BandChain main network to v2.5. This upgrade is expected to take place at the block height of 16562500 on April 27 at 22:00 Beijing time. In this article, we’ll be taking a closer look at what this upgrade entails and what it means for the Band Protocol community.

What is Band Protocol?

Before diving into the upgrade, let’s first understand what Band Protocol is all about. In a nutshell, Band Protocol is a decentralized oracle that connects real-world data to any blockchain platform. This enables smart contracts to access reliable and accurate off-chain data, which is essential for a wide range of use cases, from decentralized finance (DeFi) to prediction markets.

What is BandChain Main Network v2.5?

Now that we know what Band Protocol does, let’s get into the specifics of the upgrade. BandChain Main Network v2.5 includes several key upgrades, including:
– Upgrading ibc-go to v4.3.0
– Upgrading cosmos-sdk to v0.45.15
– Upgrading tendermint (cometbft) to v0.34.27
– Support for bandd static link binaries
All of these upgrades work together to improve the functionality and performance of BandChain Main Network.

What are the Benefits of the Upgrade?

One of the main benefits of the upgrade is improved security and reliability. Upgrading to the latest versions of various components ensures that the network is running on the latest, most secure code. Additionally, the upgrade includes several performance optimizations, which should help to reduce latency and improve overall network efficiency.

What Does This Mean for Band Protocol Users?

For Band Protocol users, the upgrade brings several benefits. First and foremost, the improved security and reliability of the network make it a safer and more trustworthy platform. Additionally, the performance improvements should make transactions faster and more efficient. Finally, the addition of support for bandd static link binaries means that developers can more easily build applications on top of the Band Protocol.

Conclusion

The BandChain Main Network v2.5 upgrade brings several important improvements to the Band Protocol. By upgrading various components and adding new features, the network is more secure, reliable, and efficient than ever before.

FAQs

1. What is the Band Protocol?
The Band Protocol is a decentralized oracle that connects real-world data to any blockchain platform.
2. When will the BandChain Main Network v2.5 upgrade take place?
The upgrade is expected to take place at the block height of 16562500 on April 27 at 22:00 Beijing time.
3. What are the benefits of the upgrade?
The upgrade brings improved security, reliability, and performance to the BandChain Main Network, making it a safer and more efficient platform for users and developers alike.