Binance Coin to Undergo Serenget Hard Fork on April 18th

Binance Coin is set to undergo a significant update with the upcoming BNB Greenfield’s Serengeti hard fork. The testnet for this hardfork is scheduled to go live on April 18th, at 7 AM UTC. Following the testnet, the mainnet is expected to be launched on April 29th at 7 AM UTC.

Refer to the official tweet by BNB:

BNB Info

BNB is the native coin that powers the BNB Chain ecosystem, including the BNB Beacon Chain and BNB Smart Chain. It serves several functions, such as reducing trading fees on the Binance exchange, paying for transaction fees on both the BNB Beacon Chain and BNB Smart Chain, and being utilized in games and DApps within the BNB Chain ecosystem. It’s also employed to participate in token sales hosted on the Binance Launchpad and provide liquidity on Binance Liquid Swap. Furthermore, BNB can be used for real-world applications, including online and in-store purchases and travel bookings on platforms like Travala.com.

As of September 2020, with the launch of the BNB Smart Chain, BNB can exist in three forms: BNB BEP-2 on the BNB Beacon Chain, BNB BEP-20 on the BNB Smart Chain, and BNB ERC-20 on the Ethereum network.