This article outlines the roadmap for the fusion of the BNB Chain to ensure a smooth transition for the BNB Chain community.
The fusion of the BNB Chain marks a significant strategic shift, focusing on transferring the functionality of the beacon chain to the BNB Smart Chain (BSC) and ultimately phasing out the beacon chain. This approach aims to simplify the network, improve efficiency, reduce security risks, and ensure that the architecture of the BNB Chain meets current technical requirements and future expansion plans.
The following discussion outlines the roadmap for the fusion of the BNB Chain to ensure a smooth transition for the BNB Chain community:
January 2024 marks the initial phase prepared by the core team, including notifying BEP2/BEP8 asset issuers, wallets, stakers and validators, CEX, and users of upcoming changes such as asset binding, disabling atomic swaps, and withdrawal to BSC.
The first phase begins in April 2024, during which validators will migrate to the new validators on BSC, and delegators will use cross-chain redelegation to transfer their staked assets to BSC. Additionally, staking pools will introduce new staking applications to facilitate this process.
In June 2024, the automatic refund phase will commence, allowing users to view the balance of automatically refunded assets.
In late June 2024, the final sunset will occur, with users verifying their balances after the core team generates and releases balance snapshots.
By July 2024, the BNB Chain Fusion will be completed. The core team will provide a token migration application to assist users in recovering funds held in the archived beacon chain.
The roles and actions of various stakeholders, such as BEP2/BEP8 token issuers, atomic swap projects, CEX, validators, delegators, and wallets, are outlined to achieve a successful migration. These steps are crucial for preventing token loss, maintaining revenue streams, and ensuring the continued functionality of the many services provided by the BNB Chain.
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