Tag: Is BNB Smart chain BEP2?

BSC is rebranding to BNB Chain , which stands for Build and Build, in an effort to draw a connection to Binance’s BNB token, the governance token for the protocol, the press release said.

Binance Chain adopts the BEP2 token standard, while Binance Smart Chain uses the BEP20 standard . As mentioned, BNB acts as fuel for both. Therefore, you’ll need to acquire some BNB if you want to transact on either chain.19 Eki 2021

When your wallet offers to transfer tokens using these standards, it simply means that the transaction will be executed using the respective platform — BNB for BEP2 , BSC for BEP20, or Ethereum for ERC20.