What is a bep-20 address?

A BEP-20 address is an address that can hold BEP-20 tokens. These are tokens that run on Binance Smart Chain — Binance’s second blockchain. The chain was launched to offer a more scalable development space for crypto talents. Is BEP-20 the same as ERC-20? Like ERC-20, BEP-20 is a token model, and the two share many similarities.

What is BNB beacon chain (BSc) bep-20?

BEP-20 is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage. Due to its similarity to BNB Beacon Chain’s BEP-2 and Ethereum’s ERC-20, it’s compatible with both.

What is a bep-20 token?

BEP-20 tokens represent a diverse range of crypto assets that don’t have their own blockchain but reside on top of the Binance Smart Chain (BSC). BEP-20 is a technical standard that emerged to use for all smart contracts on the Binance Smart Chain for token implementations. How to receive BEP-20 tokens?

Can a bep-20 token be used on BNB smart chain?

Of course, one could equally create a native asset as a BEP-20 token, or even peg tokens from other blockchains to make them usable on BNB Smart Chain. This is what’s done with “Peggy” coins, which are essentially BEP-20 versions of other crypto assets (such as LINK or XRP ).