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BNB Chain’s BC Fusion Second Sunset Fork Set for July 14, 2024
The post BNB Chain’s BC Fusion Second Sunset Fork Set for July 14, 2024 appeared on BitcoinEthereumNews.com. Dubai, UAE, July 10th, 2024, Chainwire Users must migrate staked BNB to BSC by July 14. If not, staked BNB will be automatically unstaked and returned to accounts within two weeks. Users should migrate BNB and BEP2 assets to BSC by August 15 to prevent immovable funds and a complex recovery process. BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has issued a reminder about the upcoming Beacon Chain (BC) Fusion Second Sunset Fork, scheduled to take place at block height 378,062,790 on July 14, 2024. This upgrade aims to streamline the network, improve efficiency, and reduce security risks by migrating functionalities from the BNB Beacon Chain to the BNB Smart Chain (BSC). The BC Fusion is designed to enhance the BNB ecosystem by consolidating functionalities onto the BNB Smart Chain (BSC). This will result in a more robust, efficient, and secure infrastructure. As part of this process, several actions are required from different stakeholders within the community. BNB/BEP2 Asset Holders: Users should transfer their BNB Beacon Chain assets, including BEP2/8 tokens, before and after BC Fusion. Assets not migrated by August 15 will become unmovable. More information can be found here. BNB Stakers: Stakers need to move their delegations to the new native staking system with: Cross Chain Redelegation Undelegation, Cross Chain Transfer, New Delegation The detailed guide to help stakeholders migrate their staked BNB is available here. Full Node Operators: Upgrade to v0.10.22: If node is synced with the network, users need to download the new binary & new config file of app.toml Add/update the SecondSunsetHeight = 378062790 under the [upgrade]module of app.toml Restart bnbchaind process More information can be found here. The BC Fusion will also introduce a new governance model on BNB Chain, aiming to enhance the governance framework to…
The post BNB Chain’s BC Fusion Second Sunset Fork Set for July 14, 2024 appeared on BitcoinEthereumNews.com.
Dubai, UAE, July 10th, 2024, Chainwire Users must migrate staked BNB to BSC by July 14. If not, staked BNB will be automatically unstaked and returned to accounts within two weeks. Users should migrate BNB and BEP2 assets to BSC by August 15 to prevent immovable funds and a complex recovery process. BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has issued a reminder about the upcoming Beacon Chain (BC) Fusion Second Sunset Fork, scheduled to take place at block height 378,062,790 on July 14, 2024. This upgrade aims to streamline the network, improve efficiency, and reduce security risks by migrating functionalities from the BNB Beacon Chain to the BNB Smart Chain (BSC). The BC Fusion is designed to enhance the BNB ecosystem by consolidating functionalities onto the BNB Smart Chain (BSC). This will result in a more robust, efficient, and secure infrastructure. As part of this process, several actions are required from different stakeholders within the community. BNB/BEP2 Asset Holders: Users should transfer their BNB Beacon Chain assets, including BEP2/8 tokens, before and after BC Fusion. Assets not migrated by August 15 will become unmovable. More information can be found here. BNB Stakers: Stakers need to move their delegations to the new native staking system with: Cross Chain Redelegation Undelegation, Cross Chain Transfer, New Delegation The detailed guide to help stakeholders migrate their staked BNB is available here. Full Node Operators: Upgrade to v0.10.22: If node is synced with the network, users need to download the new binary & new config file of app.toml Add/update the SecondSunsetHeight = 378062790 under the [upgrade]module of app.toml Restart bnbchaind process More information can be found here. The BC Fusion will also introduce a new governance model on BNB Chain, aiming to enhance the governance framework to…
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