BNB Developers to sunset Beacon Chain tokens

The BEP-2 and BEP-20 chain fusion is scheduled for April 2024.

Developers of Binance’s BNB Smart Chain want to merge the dual BNB Beacon Chain (BEP-2) and BNB Smart Chain (BEP-20) chain structures into a single blockchain.

According to the Jan. 8 announcement, users are “strongly recommended” to transfer their BEP-2 and BEP-8 (mini BEP-2 tokens) to the BEP-20 chain, which will preserve assets on a 1:1 ratio. The transfer can be done via centralized and decentralized exchanges, or through the BNB Chain Wallet and other self-custody wallets. A tentative deadline for the BNB Chain Fusion has been set for April 2024.

Users who do not bridge their assets by the deadline can still do so thereafter using a legacy feature. That said, users will need to wait up to seven days to recover their BEP-2 assets post-fusion, with the recovery feature having no user interface, only a command-line prompt.

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Source: https://cointelegraph.com/news/bnb-developers-sunset-beacon-chain-tokens