What is Binance Smart Chain?

Binance Smart Chain is an innovative solution to bring programmability and interoperability to Binance Chain. Binance Smart Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

Why is Blockmesh forking to Binance Smart Chain?

Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.

We’ve listened to our Blockmesh community and are now making it easier and more efficient than ever to trade, transact and continue developing the Blockmesh product. BSC is EVM-compatible and has launched with support for the rich universe of Ethereum tools and DApps.

What do I need to do?

If you already have Blockmesh tokens, you need to swap the existing ERC20 token for the new BEP20 token.

If your tokens are held on HitBTC, your tokens will be automatically swapped. You don’t need to do anything. And it won’t cost you anything in gas fees.

If your tokens are held on a decentralised exchange or cold wallet, please follow these simple steps:

1. Send your existing ERC20 tokens to this wallet address (0x4D9f030DF73A55e43eDCD4187bc062804Cd84d8c)

2. Send proof of deposit to: support@blockmesh.io

3. We will manually swap your ERC20 tokens for BEP20 tokens

4. Provide a wallet address for the new BEP20 tokens to be returned to (This must be a BEP20 wallet. Blockmesh will not take responsibility for incorrect wallet addresses)

For more information, please visit our Telegram group (link to TG group).

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