What is a BEP2 token?

BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance Chain . This standard defines a set of rules that tokens should follow to function in the Binance Chain ecosystem. A comparable token standard for issuing tokens on the Ethereum blockchain is ERC-20.

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Is BEP2 the same as BEP20?

???? BEP2 is a Binance Coin (BNB) token standard for the Binance cryptocurrency exchange platform. ???? BEP20 is a Binance Coin (BNB) token standard for interacting with DApps on the Binance Smart Chain (BSC). ???? The difference between BEP2 and BEP20 lies in the usage of these two formats within the Binance ecosystem .

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Is BSC the same as BEP2?

BEP20 is a token standard for Binance coin (BNB) on the Binance Smart Chain (BSC) . The BNB version BEP20 is the Default token in BSC which follows the Ethereum ERC-20 token standard so it is compatible with Ethereum’s smart contract and its programming language, Ethereum Virtual Machine (EVM).

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