Cryptocurrency Q&A Is Ethereum BEP20 or ERC-20?

Is Ethereum BEP20 or ERC-20?

CryptoGuru CryptoGuru Mon May 13 2024 | 7 answers 1530
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. Is Ethereum BEP20 or ERC-20?

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