Cryptocurrency Q&A Is BEP-20 and ERC-20 the same?

Is BEP-20 and ERC-20 the same?

BonsaiLife BonsaiLife Mon Nov 04 2024 | 7 answers 1845
I'm trying to understand the difference between BEP-20 and ERC-20. Are they the same or do they have some distinct features? I want to know if these two standards can be used interchangeably or if there are specific use cases for each. Is BEP-20 and ERC-20 the same?

7 answers

Federico Federico Wed Nov 06 2024
BEP20 and ERC20 occupy a significant position in the realm of cryptocurrencies and blockchain technology.

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ZenBalance ZenBalance Wed Nov 06 2024
BEP20 is a token standard that has been created by Binance, which is renowned globally as one of the largest cryptocurrency exchanges.

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Valentina Valentina Wed Nov 06 2024
This standard has gained immense popularity due to its association with Binance, which is a trusted and widely-used platform in the crypto space.

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CryptoProphet CryptoProphet Tue Nov 05 2024
ERC20, on the contrary, represents a different token standard that has been specifically designed for the Ethereum blockchain.

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HallyuHype HallyuHype Tue Nov 05 2024
The Ethereum blockchain is another pivotal player in the world of cryptocurrencies, known for its smart contract capabilities and decentralized nature.

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