This Step Will Trigger BNB Rise: Revolutionary Decision for BNB Chain 🚀
The BNB Chain team said it would enable the native liquid staking service on BSC as part of the transition to transfer BNB Beacon Chain's functions to the Binance Smart Chain (BSC) network. BNB Chain announced in the announcement it shared on the subject that BNB Beacon Chain will be completely closed by June 2024. However, the team also reported that it would transfer their services to BSC before closing.
Remarkable Step from BNB Team
BNB Chain said it would allow ecosystem participants to secure the network while maintaining asset liquidity by enabling liquid staking service at BSC. While the organization does not give a specific date for the introduction of the liquid staking service, the BNB Chain team said the step will take place in April or May.
The BNB Chain core development team said the transition to BSC on the issue was an attempt to facilitate the organization's network, and the announcement said: 'The application is aligned with the end of the BNB Chain Fusion process, streamlining the network, increasing efficiency, reducing security risks and meeting current technological demands.'
The team explained that when BNB holders stake their tokens in the liquidity pool, they will be able to receive liquidity provider tokens that they can use for many activities within the ecosystem.
