The BNB Chain Fusion: Migration from BNB Beacon Chain
Hello, crypto fans! 🌟 Big news is brewing in the Binance world: the BNB Chain Fusion. This strategic transition aims to migrate the BNB Beacon Chain’s functionalities to the BNB Smart Chain (BSC) and retire the BNB Beacon Chain. The goal is to streamline the network, enhance efficiency, minimize security risks, and align with current and future technological demands. Exciting, right?
Recent Milestones
Here’s a quick overview of what has already happened:
15 April 2024 - BNB Beacon Chain First Sunset Fork
- No New Tokens: Issuing new tokens on the BNB Beacon Chain has been disabled.
- Atomic Swaps Disabled: Atomic swaps are no longer available on the BNB Beacon Chain.
- No New BSC Validators: Creating new BSC validators on the BNB Beacon Chain is disabled.
- Delegations Disabled: Delegations on the BNB Beacon Chain are no longer possible.
8 April 2024 - BNB Smart Chain Feynman Hardfork
- Native BSC Validators: Native BSC validators are now operational.
- BSC Staking: Staking is now available natively on BSC.
- Cross-Chain Stake Migration: Stake migration between chains is enabled.
- BSC Governance: Native governance features are now live on BSC.
Upcoming Events
Here’s what’s on the horizon:
14 July 2024 - BNB Beacon Chain Second Sunset Fork
- Auto Refunds: Locked assets on the BNB Beacon Chain will be automatically refunded.
- Asset Migration: Assets will be migrated from the BNB Beacon Chain to BSC.
Mid August 2024 - BNB Beacon Chain Final Sunset Fork
- Disable Cross-Chain: Cross-chain functionality between BSC and BNB Beacon Chain will be disabled.
- Balance Dump: A balance dump of the BNB Beacon Chain will be published.
- Shutdown Validators: Validator nodes on the BNB Beacon Chain will be shut down.
Post Fusion
Following the fusion, here’s what to expect:
- Token Recovery: Recovery for bound BEP2/BEP8 assets will be enabled.
Migrating Your BEP2 Tokens
As you see, this summer cross-chain between BNB Beacon Chain and BSC will be disabled. So you have not much time to save and migrate your BEP2 tokens. ChangeNOW has a handy guide to help you through the process:
How to migrate BEP2 tokens to BSC - Explore NOW!
