2024

Merge

Fusion

April

<a href="https://bitcoinworld.co.in/binance-plans-bnb-chain-fusion-to-merge-bep-2-bep-20/" title="Binance Plans BNB Chain Fusion To Merge BEP-2 and BEP-20 By April 2024" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Binance plans <a href="https://www.bnbchain.org/en/blog/bep2-bep8-asset-sunset-announcement" rel="noopener noreferrer nofollow">BNB Chain Fusion</a> to unify BNB Beacon Chain (BEP-2) and BNB Smart Chain (BEP-20) by 2024.</li>
</ul>
Developers at Binance’s BNB Chain have announced BNB Chain Fusion, a plan to consolidate the existing dual-chain structure by merging the BNB Beacon Chain (BEP-2) and BNB Smart Chain (BEP-20) by April 2024.&nbsp;
This merger aims to streamline operations and enhance security by eliminating the complexities and vulnerabilities associated with maintaining two separate chains.&nbsp;
Users holding BEP-2 and <a href="https://www.bnbchain.org/en/blog/introducing-bep8-token-protocol" rel="noopener noreferrer nofollow">BEP-8 tokens</a> must transfer their assets to the BEP-20 chain to ensure asset preservation on a one-to-one basis.&nbsp;
The transfer process can be facilitated through various platforms, including both centralized and decentralized exchanges, as well as the BNB Chain Wallet and other self-custody wallet options.
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The BNB Chain Fusion, as the merger is referred to, sets a tentative deadline of April 2024 for users to bridge their assets.
However, those who miss this deadline will not be left stranded.&nbsp;
According to a close report, a legacy feature will be available for late transfers, albeit with a waiting period of up to seven days for the recovery of BEP-2 assets post-fusion.&nbsp;
This recovery feature will lack a user interface and will operate solely via a command-line prompt.&nbsp;
However, developers warned that BEP-2 tokens lacking cross-chain support will not be recoverable after the fusion.
The post <a href="https://bitcoinworld.co.in/binance-plans-bnb-chain-fusion-to-merge-bep-2-bep-20/" rel="noopener noreferrer nofollow">Binance Plans BNB Chain Fusion To Merge BEP-2 and BEP-20 By April 2024</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Binance Plans BNB Chain Fusion To Merge BEP-2 and BEP-20 By April 2024

ItsBitcoinWorld

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