Description

BEP-524: Short Block Interval Phase Two: 0.75 seconds will be activated after Maxwell hard fork. The Maxwell hard fork is a significant upgrade to BNB Chain, aimed at faster transaction confirmation to improve user experience. As described in BEP-524, after previous Lorentz hard fork, a multitude of system parameters are configured based on the assumption that the default block interval is 1.5 seconds. Consequently, when the block interval is altered, these parameters must be adjusted accordingly and update these governance parameters in a single vote would be more efficient.

Parameters To Be Updated

There are 6 parameters to be updated: ValidatorContract: 0x0000000000000000000000000000000000001000

• turnLength: from 8 to 16

SlashContract: 0x0000000000000000000000000000000000001001

• misdemeanorThreshold: from 100 to 200
• felonyThreshold: from 300 to 600
• felonySlashScope: from 57600 to 115200

GovernorContract:0x0000000000000000000000000000000000002004

• votingPeriod: from 57600 to 115200
• minPeriodAfterQuorum: from 2400 to 4800