BNB Chain has announced the scheduled shutdown of the BNB Beacon Chain as part of the Fusion initiative to enhance infrastructure.

BNB Chain Fusion and Its Goals

The BNB Chain Fusion initiative aims to consolidate functionalities onto the BNB Smart Chain (BSC). This will result in a more robust and secure infrastructure, marking a significant step forward for the ecosystem.

Asset Migration from BNB Beacon Chain

Users are urged to immediately transfer their BEP2 and BEP8 assets from the BNB Beacon Chain to the BNB Smart Chain. Assets can be migrated via various platforms, including centralized and decentralized exchanges and wallets. Detailed guidance is available on the official BNB Chain website.

Consequences of Inaction

If users and centralized exchanges do not complete the migration of BEP2/BEP8 assets, they may face loss of unbound tokens. This process can be costly and complicate the recovery of funds.

As the BNB Beacon Chain sunset approaches, users need to act to migrate their assets to avoid complications and losses. The publication highlights the importance of taking timely actions to mitigate risks associated with the network shutdown.