As reported in recent weeks, Bitcoin Master is automating many deposit processes. After Polkadot and Flare, it is now possible to automatically deposit Binance Coin (BNB) to Bitcoin Master without the intervention of an employee.
BNB is the cryptocurrency token that powers the BNB Chain ecosystem. It was originally issued as an ERC-20 token on the Ethereum network, with a total supply of 200 million tokens. Later, the ERC-20 BNB tokens were swapped with BEP-2 BNB at a 1:1 ratio. In September 2020, Binance launched the BNB Smart Chain, a blockchain network parallel to the BNB Beacon Chain. This means you can now find BNB in three different forms:
BNB BEP-2 on the BNB Beacon Chain
BNB BEP-20 on the BNB Smart Chain (support by Bitcoin Master).
BNB ERC-20 on the Ethereum network.
Starting this week, Bitcoin Master is using the BNB BEP-20 token on the BNB Smart Chain for deposits. By launching this new node, users can now automatically send BNB to Bitcoin Master. This will eliminate the need for manual steps in processing these transactions. Besides saving time, it will also help avoid any errors in processing manual transactions. The process of moving BNB between the Binance Smart Chain and Bitcoin Master will now be much faster, safer and more reliable.