Cryptocurrency Q&A
Is BNB ERC-20 or BEP20?
Is BNB ERC-20 or BEP20?
CryptoProphet
Mon May 13 2024
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6 answers
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Could you please clarify for me if BNB is ERC-20 or BEP20? I've been hearing different opinions on this matter and I'm quite confused. I understand that ERC-20 is a standard for tokens built on the Ethereum blockchain, while BEP20 is a similar standard for tokens on the Binance Smart Chain. But what exactly is BNB classified as? Is it an ERC-20 token, a BEP20 token, or perhaps something else entirely? I'd really appreciate it if you could shed some light on this matter for me.
6 answers
Paolo
Tue May 14 2024
Additionally, BEP-20 specifies the conditions and permissions surrounding token spending, ensuring secure and compliant transactions.
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SkylitEnchantment
Tue May 14 2024
BEP-20 is a token standard specifically designed for the BNB Smart Chain (BSC).
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KDramaLegendaryStar
Tue May 14 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a comprehensive range of services.
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Lorenzo
Tue May 14 2024
This standard builds upon and extends the ERC-20, which is the most widely utilized token standard on the Ethereum network.
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Chiara
Tue May 14 2024
BEP-20 serves as a framework or blueprint for tokens issued on BSC, outlining their functionality and usage rules.
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