BNB Chain Fusion signifies a significant strategic shift, focusing on transferring the Beacon Chain’s functionalities over to the BNB Smart Chain (BSC) and ultimately retiring the Beacon Chain. This approach intends to streamline the network, boost efficiency, lessen security risks, and ensure BNB Chain's architecture aligns with current technological demands and plans for future expansion. The following discussion provides an overview of the roadmap for BNB Chain Fusion to ensure a smooth transition for the BNB Chain community:
January 2024 marks the initial stage of preparation among the core team, including notifying BEP2/BEP8 asset issuers, wallets, staking pools & validators, CEXs, and users about the impending changes such as binding assets, disabling atomic swap, and withdrawing to BSC.
Starting April 2024, the first stage commences, where validators will migrate to BSC's new validators and delegators will use cross-chain redelegation for their stakes to BSC. Further, staking pools will introduce new staking apps to facilitate the process.
June 2024 heralds the Auto Refund stage, where users will be able to check their auto-refunded asset balance.
In late June 2024, the Final Sunset will take place - users will verify the balance dump following its generation and publication by the core team.
By July 2024, BNB Chain Fusion will be complete. The core team will provide a token migration app to aid users in recovering funds retained in the archived Beacon Chain.
The listed roles and actions for different stakeholders, such as BEP2/BEP8 token issuers, Atomic Swap projects, CEXs, validators, delegator, and wallets, provide a broad outline of the activities necessary to achieve the migration successfully. These steps are critical in preventing lost tokens, maintaining income streams, and ensuring the continued functionality of many services offered by BNB Chain.
