Cryptocurrency Q&A
Is BNB ERC20 or BEP20?
Is BNB ERC20 or BEP20?
KimonoElegance
Tue Feb 11 2025
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5
answers
730
I am confused about the token standard of BNB. I want to know if BNB is based on ERC20 or BEP20. Can someone clarify this for me?
5 answers
Tommaso
Thu Feb 13 2025
The BNB Smart Chain is characterized by its smart contract functionality, enabling it to support a variety of decentralized applications.
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Lucia
Thu Feb 13 2025
The primary objective of the BNB Smart Chain was to address the scalability issues faced by the Ethereum network.
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AmethystEcho
Thu Feb 13 2025
By leveraging the BNB Smart Chain, BEP20 token transactions can be processed at a faster rate compared to Ethereum.
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Martino
Thu Feb 13 2025
Additionally, the network fees associated with BEP20 transactions on the BNB Smart Chain are generally cheaper than those on the Ethereum network.
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SamsungShineBrightness
Thu Feb 13 2025
BEP20 BNB operates on the BNB Smart Chain network, which is also known as BSC.
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