BNB Chain Innovation’s Post

7️⃣ days remaining for the Second Sunset Fork of the BNB Chain Fusion! The upgrade hard fork will take effect at block height 378,062,790 on July 14, 2024, at 06:00 UTC. Here's everything you need to know to prepare for the upcoming hard fork on July 14... What is BNB Chain Fusion? BNB Chain Fusion is the migration of BNB Beacon Chain's functions to BNB Smart Chain (BSC). This shift will retire the BNB Beacon Chain, streamlining the network, boosting efficiency, enhancing security, and aligning with modern tech demands. The Beacon Chain Sunset is divided into multiple stages: first sunset upgrade, second sunset upgrade and final sunset upgrade. The second sunset upgrade is the second milestone of BEP-333. For more info on BEP-333, please see the link below: https://lnkd.in/ezNzgUz8 What you MUST do to prepare for the hard fork: In the following posts, we have guides for the following users to prepare for the sunset: 🔶 BNB/BEP2 Asset Holder 🔶 BNB Stakers 🔶 Full Node Operator 🔶 BNB/BEP2 Asset Holder Use the link below to learn how to transfer your BNB Beacon Chain assets, including BEP2 tokens, before and after BC Fusion. Assets not migrated by August 15 will become unmovable. https://lnkd.in/ed64vUfk 🔶 BNB Stakers Migrate your delegations to the new native staking system with: • Cross Chain Redelegation • Undelegation, Cross Chain Transfer, New Delegation The guide below will help stakeholders migrate their staked BNB 👇 https://lnkd.in/eV3iVPWT 🔶 Full Node Operator Upgrade to v0.10.22: • If node is synced with the network, 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 🔗 https://lnkd.in/euqE97ER Please refer to the below page for the updated countdown along with extra guides and information about the full BNB Chain Fusion 👇 https://lnkd.in/epy4YP4Z

Tenderly’s 2023 EVM Network Landscape Report is out! 🚀 Explore how the ecosystem is moving toward a multichain future, with scaling solutions demonstrating increased on-chain activity. 🌟 Key highlights - Optimism, Arbitrum, Polygon, Avalanche, BNB Chain, and Base are showing upward trends for chain-specific use cases. - Optimism’s, Polygon’s, and Avalanche’s ready-made solutions are making chain deployment easier than ever. - As new L2s and application-specific chains continue to emerge, the entire ecosystem benefits from improved scalability, higher resilience, and new innovation opportunities. 🛠 The challenges Yes, a multichain ecosystem adds complexity. But here’s the good part: Tooling and infrastructure providers are turning these challenges into opportunities. They ensure seamless integration across chains. This is crucial for developer onboarding and network adoption. Curious to learn more? 💡 Download the report. Share your thoughts. https://lnkd.in/df2N-qKD

Learn more about what's happening in #web3 right now 😉

⚒ Another Development Update! Following our recent updates on DID:BNB for the Binance Smart Chain, we're excited to share progress on integrating our Gateway Protocol, now live on the Binance Smart Chain testnet. We're expanding beyond identity verification to secure, decentralized transactions and interactions, prioritizing privacy and trust. With the introduction of staking and a more decentralized architecture, we're paving the way for a trustless ecosystem. Our focus is now on crafting off-chain developer tools to interact seamlessly with the Gateway Protocol. We're diligently working to further develop our protocol on the Binance Smart Chain, and we look forward to providing more updates soon. 🚀

The Ethereum Mainnet, the central network within the blockchain environment, boasts close to $29 billion locked in total value. Yet, with rising on-chain actions, complications like overcrowded networks, escalating gas costs, and particularly the limitation of network bandwidth come to light. As the ecosystem progresses and more applications emerge, expanding Ethereum's capacity becomes crucial for continued innovation. Although upgrades like proto-danksharding in the Dencun update seek to improve Ethereum's scalability, the emergence of multiple-chain approaches appears to offer a more effective solution for Ethereum expansion.

🚢🚢🚢 Now shipping! An update on recent feature releases... We are now live with 3 more DeFi protocols!! This means we now support 9 of the top 10 protocols [based on TVL] and we support a total of 18 protocols across 8 chains (https://lnkd.in/e86-p5AZ). This can help dApp builders seamlessly expand your protocol support leading to additional revenue streams and user stickiness! The latest additions are: • ether.fi • RocketPool • Spark DeFi There's also a lot more to come soon so if there's a protocol you need, let us know so can add to our product pipeline 💪 If you haven't explored our DeFi positions feature yet, now is the perfect time! Here's a reminder of the endpoints: 1. DeFi Protocols by Wallet: Get a summary of all DeFi protocols your wallet is interacting with, including total and unclaimed USD values. (https://lnkd.in/ef2u3786) 2. DeFi Positions by Wallet: See a standardized breakdown of all protocol positions for your wallet. (https://lnkd.in/eY8JkXqD) 3. Get Detailed DeFi Positions by Wallet and Protocol: Dive deep into the details of all positions for a given wallet and protocol. (https://lnkd.in/e5KhbfFC)


The Ethereum Dencun upgrade is scheduled to go live on the Goerli testnet soon! Check out our #Dencun Upgrade series for an overview of the upcoming changes (EIP-7044 & EIP-7045) that will most directly affect Ethereum validators and staking pools.

Smart contracts and tokenization will help the industry offer enhanced liquidity and security.

Smart contracts and tokenization will help the industry offer enhanced liquidity and security.

Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain’s Explorer tool. Blockchain data confirms that some of the transactions have been confirmed on the destination chain, while others show as confirmed in the Multichain Explorer but not on the destination chain. Browsers with the MetaMask wallet extension currently show a warning when users attempt to view the Multichain Explorer due to the fact that the protocol has been hacked. However, it can be viewed with a browser that does not have a Web3 wallet installed. Cointelegraph does not recommend connecting to Multichain with a wallet app, and the site itself may also be unsafe. The transactions appear to be coming from a small number of addresses, indicating that they may be an attempt by the attacker to move funds or else part of a recovery effort by the team. As of 9:30 pm UTC, only a single transaction is listed as pending on Multichain’s Explorer. According to the Multichain block explorer, transactions started confirming at approximately 9 am on Nov. 1. Multichain confirmations on Nov. 1, 2023. Source: Multichain.org. Some transactions have been confirmed on the destination chain. For example, a deposit of approximately 20 Dai DAI tickers down $1.00 was made from Ethereum to Avalanche, which was confirmed on Avalanche at 1:56 pm UTC. However, a deposit of 0.1 Bitcoin BTC tickers down $34,408 that was made from Ethereum to Polygon at 2:44 shows as confirmed on the Multichain block explorer but has not been confirmed on Polygon. Advertisement Stay safe in Web3. Learn more about Web3 Antivirus → Ad Blockchain analytics platform Cyvers Alerts detected the resumption of transactions in the morning and posted the information to X (formerly Twitter). https://lnkd.in/dYyAuST7