What is the difference between BEP20 and BSC in the context of digital currencies?

3 answers

• Dec 18, 2021 · 3 years ago
  BEP20 and BSC are both related to the Binance Smart Chain (BSC), which is a blockchain platform developed by Binance. BEP20 is a token standard on the BSC, similar to the ERC20 standard on Ethereum. It defines the rules and requirements for creating and managing tokens on the BSC. BSC, on the other hand, is the actual blockchain network where these tokens exist and transactions take place. In simple terms, BEP20 is a token standard, while BSC is the underlying blockchain network that supports these tokens.
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• Dec 18, 2021 · 3 years ago
  When it comes to digital currencies, BEP20 and BSC play important roles in the Binance ecosystem. BEP20 is a technical standard that ensures compatibility and interoperability between different tokens on the Binance Smart Chain. It allows for the creation of tokens that can be easily traded and used within the Binance ecosystem. BSC, on the other hand, is the blockchain infrastructure that powers the Binance Smart Chain. It provides a fast and secure environment for executing transactions and running decentralized applications. So, in summary, BEP20 is a token standard, while BSC is the blockchain network that enables the functionality of these tokens.
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• Dec 18, 2021 · 3 years ago
  In the context of digital currencies, BEP20 and BSC are closely related as they are both part of the Binance Smart Chain ecosystem. BEP20 is a token standard that defines the rules and requirements for creating and managing tokens on the BSC. It ensures that tokens on the BSC are compatible with each other and can be easily traded. BSC, on the other hand, is the actual blockchain network where these tokens exist and transactions occur. It provides the infrastructure for executing smart contracts and processing transactions. So, to put it simply, BEP20 is the standard for tokens on the BSC, while BSC is the underlying blockchain network that supports these tokens and enables their functionality.
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