I'm trying to understand if BEP20 is related to the Binance Smart Chain. I'm curious to know if BEP20 is actually the Binance Smart Chain, or if they are separate entities. Could someone clarify this for me?
7
answers
CryptoPioneer
Fri Feb 28 2025
The BEP20 network plays a pivotal role in the Binance Smart Chain (BSC) ecosystem.
AmethystEcho
Thu Feb 27 2025
BEP20 ensures that tokens adhere to a consistent set of rules and guidelines.
henry_taylor_architect
Thu Feb 27 2025
It builds upon the Ethereum ERC-20 standard, incorporating enhancements and improvements.
CryptoNinja
Thu Feb 27 2025
This standardization contributes to the overall efficiency and reliability of the BSC network.
Bianca
Thu Feb 27 2025
By extending the ERC-20 standard, BEP20 introduces a solid framework for token development.