Tag: What is BEP2?

BEP20 is the token standard created by Binance for Binance Smart Chain, the smart contract platform that runs parallel to the original Binance Chain. We’ll also go through the BEP2 token standard later in this article.19 Eki 2021

BEP2 stands for Binance Chain Evolution Proposal2 , a technical standard for creating and using new tokens in Binance Chain. The purpose of BEP2 is to establish a set of specific rules for the operation of tickets in the Binance Chain platform.

The primary difference between the three most popular token standards is that of the underlying network. While ERC20 tokens are based on the Ethereum blockchain, BEP20 tokens are built on BSC , and TRC20 tokens are based on the TRON blockchain.