Is Ethereum BEP20 or ERC-20?" This question seems to be asking about the relationship between Ethereum and the two token standards, BEP20 and ERC-20. As a professional in the field of cryptocurrency and finance, I'd like to clarify the matter.
Firstly, ERC-20 is a token standard that's specific to Ethereum. It defines a set of rules and functions that must be implemented by any token created on the Ethereum blockchain. ERC-20 tokens are compatible with the Ethereum ecosystem and can be used in various decentralized applications built on the platform.
On the other hand, BEP20 is a token standard associated with Binance Smart Chain (BSC), a blockchain network that's separate from Ethereum. BEP20 tokens are designed to be compatible with BSC and its ecosystem of decentralized applications.
Therefore, Ethereum is not BEP20; rather, it's the platform where ERC-20 tokens are created and used. ERC-20 tokens are native to Ethereum, while BEP20 tokens are native to BSC. So, if you're looking at a token on Ethereum, it would be an ERC-20 token, not a BEP20 token.
I hope this clears up the confusion. If you have any further questions or need more clarification, feel free to ask.
7 answers
EchoChaser
Tue May 14 2024
ERC20, conversely, is tailored for the Ethereum blockchain.
KatanaBlade
Tue May 14 2024
Both token standards are crucial in the crypto world.
IncheonBeautyBloomingRadianceGlow
Tue May 14 2024
BEP20 and ERC20 are renowned token standards.
Eleonora
Tue May 14 2024
BTCC is a cryptocurrency exchange headquartered in the UK.
Lorenzo
Tue May 14 2024
BEP20 was crafted by Binance.