BNB Smart Chain to Merge Dual Chains: Unifying BEP-2 and BEP-20 Structures

Those who miss the deadline can still perform the asset migration using a legacy feature. However, a recovery process for BEP-2 assets post-fusion might take up to seven days, utilizing a command-line prompt without a user interface.

The BEP-2 tokens lacking cross-chain support won't be recoverable after the BNB Beacon Chain deactivation, risking irreversible loss if not upgraded in time.

It is worth noting that Binance initiated its native token, BNB, back in July 2017. Presently, BNB BEP-2 serves as gas fees for ecosystem transactions, while BEP-20 tokens enable smart contract capabilities akin to ERC-20 tokens.

Developers highlighted that the current dual-chain structure has become limiting for BSC's swift evolution, impeding development iterations and exposing BNB to potential security risks.