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BNB Chain to End Phase 1 of Beacon Chain Recovery Tool in Three Days

BNB Chain said users still holding BEP2 tokens should migrate assets to BNB Smart Chain to improve processing efficiency before the Phase 1 tool stops running.

BNB

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Terms & Concepts
  • BEP2 tokens: A token standard used on BNB Beacon Chain, an older network within the BNB Chain ecosystem.
  • BNB Smart Chain: BNB Chain’s smart contract (self-executing blockchain code) network, used for decentralized applications and token transfers.
  • Beacon Chain recovery tool: A migration support tool designed to help users recover or move assets from BNB Beacon Chain systems.