Cryptocurrency Q&A What is BEP 20?

What is BEP 20?

JejuSunshineSoulMateWarmth Wed Dec 11 2024 | 6 answers 1641

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. What is BEP 20?

What is BEP 20?

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