Hey crypto enthusiasts! 🌟 Exciting news in the Binance universe: the BNB Chain Fusion is happening! This strategic shift is set to move the BNB Beacon Chain’s functions to the BNB Smart Chain (BSC), ultimately phasing out the BNB Beacon Chain. The goal? Streamlining the network, boosting efficiency, reducing security risks, and preparing for future growth. Thrilling times ahead!
Recent Milestones
Let’s recap what’s already happened:
15 April 2024 - BNB Beacon Chain First Sunset Fork
- No More New Tokens: Issuing new tokens on the BNB Beacon Chain has stopped.
- Atomic Swaps Disabled: Atomic swaps are no longer possible on the BNB Beacon Chain.
- No New BSC Validators: Creating new BSC validators on the BNB Beacon Chain is now disabled.
- Delegations Disabled: Delegations on the BNB Beacon Chain have been halted.
8 April 2024 - BNB Smart Chain Feynman Hardfork
- Native BSC Validators: BSC validators are now live.
- BSC Staking: Staking is now available directly on BSC.
- Cross-Chain Stake Migration: Migrating stakes between chains is now enabled.
- BSC Governance: Governance features are now active on BSC.
Upcoming Events
Here’s what’s coming up next:
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
After the fusion, here’s what to expect:
- Token Recovery: Recovery options for bound BEP2/BEP8 assets will be enabled.
Migrating Your BEP2 Tokens
As noted, the cross-chain feature between BNB Beacon Chain and BSC will be disabled this summer. Time is of the essence to migrate your BEP2 tokens. ChangeNOW offers a straightforward guide to help you through the process:
How to migrate BEP2 tokens to BSC - Check it out NOW!
