Following the multi-million dollar bridge attack last week, BNB Smart Chain successfully released an improved version of its network, eliminating a number of cross-chain concerns.
The upgrade, according to Binance, had no impact on the exchange’s trading of Binance Smart Chain tokens, but it did necessitate a temporary halt to deposits and withdrawals of those tokens.
BNB Chain stated, “All relevant funds stuck in cross-chain transfers will now have arrived in your target wallet or source. Transfers between BNB Beacon Chain and BNB Smart Chain are now functioning normally.”
The “Moran hard fork” patch release, which restored cross-chain capability between the BNB Beacon Chain and the Binance Smart Chain, was defined as temporary.
In order to support scalable crypto transfers, including BNB and other currencies, BNB Beacon Chain was introduced in April 2019. The next year saw the launch of Binance Smart Chain, which aims to integrate smart contracts and decentralized applications (dApps) into the Binance ecosystem.
Over the following weeks, developers plan to upgrade the network’s underlying cross-chain proof verification and introduce other security measures to its cross-chain system.