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The BNB Beacon Chain testnet is expected to have a scheduled hard fork upgrade at block height 34,587,202 and 34,963,303. Based on the current block generation speed, the hard fork is forecasted to occur on 2nd Jan 2023. at 3:00 (UTC) and 12 Jan 2023. at 3:00 (UTC). The full node runners on testnet must switch their software version to v0.10.4 by 2nd Jan.
BEP159 introduces a permissionless validator election mechanism and brings the staking economy onto Beacon Chain. Anyone can stake their BNB to become a validator candidate or delegate their BNB to the validator candidates they trust. The validator set will be determined by the rank of the accumulated bonded tokens on validator candidates. The validators will be responsible for producing new blocks, in return, they will get block rewards, and share the rewards with delegators. By implementing this, the BNB holder has superpower to contribute to the security and gain reward. Staking BNB grants the right to vote on proposals and make decisions on the future of the network.