What is BSc & bep20?

The BSC works in parallel or in collaboration with the Binance Chain, the first blockchain of the Binance crypto exchange. BEP20 basically refers to a token standard used for creating tokens on BSC, just like ERC20 for creating tokens on Ethereum. It is a critical tool for facilitating smart contract development on the Binance Smart Chain.

What does bep20 stand for?

The abbreviation “BEP” is short for for “Binance Smart Chain Evolution Proposal”. BEP20 is the token standard created by Binance for Binance Smart Chain, the smart contract platform that runs parallel to the original Binance Chain. We’ll also go through the BEP2 token standard later in this article.

What is bep-20 & ERC20?

BEP-20 is the token standard for creating tokens on the BSC platform, just as ERC20 is used to create tokens on Ethereum. Here’s everything you need to know about these 2 terms. BSC is a blockchain built by Binance that is dedicated to running Smart Contracts and extending the functionality of the BNB Chain.

What are bep2 & bep20 (Binance smart chain) deposits & withdrawals?

Binance is excited to open BEP2 and BEP20 (Binance Smart Chain) deposits and withdrawals for all of the following assets: BEP20: ADA, BAND, BCH, BUSD, BTC, DAI, DOT, EOS, ETH, LINK, LTC, ONT, USDT, XRP, XTZ BEP2 represents a token standard on Binance Chain, while BEP20 represents a token standard on Binance Smart Chain.