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.
Read moreWhat coin is BEP20?
What Is BEP-20? BEP-20 is a Binance Smart Chain token standard created with the intention of extending ERC-20, which is one of the most common Ethereum token standards out there. BEP-20 is a blueprint as to how a token can be spent, who can spend it, and it even has rules about its overall usage.
Read moreWhat is BEP20 used for?
BEP20 is the standard for creating tokens on BSC, or using Binance Smart Chain development . Tokens are a valuable component of any blockchain-based system, dApp, platform, or economy. They facilitate the movement of value and help track every activity on the blockchain.19 Eki 2021
Read moreHow do I get BEP20 tokens?
How to buy SONM (BEP-20)
Read moreIs BEP20 the same as ERC20?
BEP-20 Token Standard BEP-20 was created as an extension of the ERC-20 and, therefore, inherits all the ERC20 features . BEP-20 is the primary token standard for the Binance Smart Chain, i.e. all tokens on the BSC are automatically based on the BEP-20 standard.
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