BEP-20 is a token standard on Binance Smart Chain that extends ERC-20, the most common Ethereum token standard . You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage.
Read moreWhat is the difference between ERC-20 and BEP20?
The primary difference between both chains is in gas fees . When you make a transaction using an ERC20 token, you pay gas fees in Ethereum. But, if you’re transacting with a BEP20 token, your gas fees are paid in BNB.
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