common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What is BEP 20 and how does it relate to the world of cryptocurrency?

avatartnguyenNov 28, 2021 · 3 years ago1 answers

Can you explain what BEP 20 is and its significance in the world of cryptocurrency? How does it relate to other token standards?

What is BEP 20 and how does it relate to the world of cryptocurrency?
BEP 20
Cryptocurrency
Token Standards

1 answers

  • avatarNov 28, 2021 · 3 years ago
    BEP 20 is a token standard that was introduced by Binance, one of the leading cryptocurrency exchanges. It provides a set of rules for creating and managing tokens on the Binance Smart Chain. BEP 20 tokens are similar to ERC-20 tokens on Ethereum and can be used for various purposes in the cryptocurrency world. They have gained traction due to the growing popularity of the Binance Smart Chain and its ecosystem. Many projects and decentralized applications (dApps) have adopted BEP 20 as their token standard of choice, making it an important part of the cryptocurrency landscape.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions