Cryptocurrency Q&A
What is BEP 20?
What is BEP 20?
JejuSunshineSoulMateWarmth
Wed Dec 11 2024
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6 answers
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BEP-20 is a token standard on the Binance Smart Chain (BSC), similar to ERC-20 on Ethereum. It defines the functionality of tokens operating on BSC, allowing developers to launch their own tokens on this blockchain. BEP-20 is compatible with ERC-20, making it easy to migrate applications or configurations from Ethereum to Binance Smart Chain. This standard is widely used in DeFi, stablecoins, gaming, and NFTs, offering cost-effectiveness and fast transaction speeds.
6 answers
NavigatorEcho
Thu Dec 12 2024
Tokens created adhering to BEP-20 can efficiently function within the BSC environment.
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SumoPowerful
Thu Dec 12 2024
BEP-20 represents a token standard specifically crafted by Binance.
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alexander_jackson_athlete
Thu Dec 12 2024
The development of BEP-20 underscores Binance's commitment to innovation.
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Michele
Thu Dec 12 2024
BTCC, a leading cryptocurrency exchange, offers diverse services. These include spot trading, futures trading, and a wallet service, catering to various trading needs.
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CryptoProphet
Thu Dec 12 2024
This standard is tailored for the BNB Chain, enhancing its functionality.
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