Exciting News! BNB Chain’s BC Fusion Second Sunset Fork Approaches

Exciting News! BNB Chain’s BC Fusion Second Sunset Fork Approaches
Exciting News

Migration Deadlines for BNB Chain Users

Users of BNB Chain must take note of important migration deadlines to avoid disruptions to their assets:

  • Staked BNB Migration: Users must migrate staked BNB to BSC by July 14, 2024. Failure to do so will result in automatic unstaking, with funds returned within two weeks.
  • BNB and BEP2 Asset Migration: BNB and BEP2 asset holders should migrate to BSC by August 15, 2024, to prevent funds from becoming immovable.

Upcoming Beacon Chain (BC) Fusion Second Sunset Fork

BNB Chain is preparing for the Beacon Chain (BC) Fusion Second Sunset Fork, scheduled to occur at block height 378,062,790 on July 14, 2024. This upgrade aims to enhance network efficiency and security by consolidating functionalities onto the BNB Smart Chain (BSC).

The BC Fusion will:

  • Streamline the BNB ecosystem onto BSC, improving infrastructure robustness and security.
  • Require specific actions from different community stakeholders:

Actions for Stakeholders

  • BNB/BEP2 Asset Holders: Transfer assets before and after BC Fusion to avoid immovable funds. More information here.
  • BNB Stakers: Follow migration guidelines for staked BNB, including cross-chain redelegation and undelegation processes. Detailed migration guide here.
  • Full Node Operators: Upgrade to v0.10.22 and adjust configurations to accommodate BC Fusion. More details here.

Governance and MEV Enhancements

The BC Fusion will also introduce:

  • A new governance model to streamline processes and enhance community participation.
  • Proposer-Builder Separation (PBS) on BSC to improve the Maximal Extractable Value (MEV) landscape.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem focusing on enhancing Web3 adoption:

  • BNB Smart Chain (BSC): A secure DeFi hub with low gas fees, serving as the governance chain.
  • opBNB: Scalability L2 solution with rapid processing speeds and low gas fees.
  • BNB Greenfield: Supports decentralized storage and enables users to create their own data marketplaces.

Security measures include AvengerDAO and Red Alarm, offering real-time risk scanning and user protection. BNB Chain also provides monetary and ecosystem rewards through its Builder Support Program.