Coinspeaker
BNB Chain to Move Native Liquid Staking Feature to BSC

BNB Chain is transitioning from the BNB Beacon Chain (billed to be completely shut down by June 2024) to the BNB Smart Chain (BSC). However, it has revealed plans to move its features to the new chain before the old one closes.

One of the features that BNB Chain will enable on BSC is native liquid staking. According to the organization, this will enable ecosystem participants to secure the network while also keeping the liquidity of their assets.

As of publication, no official date has been set for the rollout of the feature. However, BNB Chain can confirm that it should happen somewhere between April and May.

BNB Chain Eyes Network Streamlining, Efficiency, and Growth Among Other Things

In a note to Cointelegraph, the core developers have explained the migration to BSC as an attempt to streamline the network. They said in a statement:

“The implementation aligns with the sunset of the BNB Chain Fusion, streamlining the network, improving efficiency, reducing security risks and matching current technological demands.”

Furthermore, the team claimed that the transition will undoubtedly portray the BNB Chain t...