Cryptocurrency Q&A
Are bep-20 tokens compatible with ERC-20?
Are bep-20 tokens compatible with ERC-20?
Michele
Thu Jul 11 2024
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5 answers
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Could you elaborate on the compatibility between BEP-20 tokens and ERC-20 tokens? I've heard that both are standards for fungible tokens on blockchains, but I'm not sure if they're interchangeable or if there's a specific bridge or conversion process required. Understanding the differences and potential for interoperability would be immensely valuable for my cryptocurrency portfolio management. Could you clarify if BEP-20 tokens are natively compatible with ERC-20 wallets and exchanges, or if there are limitations I should be aware of?
5 answers
TaekwondoMasterStrength
Sat Jul 13 2024
The BEP-20 token standard is an analogue of Ethereum's ERC-20, designed to ensure compatibility between the two.
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SakuraSpirit
Sat Jul 13 2024
Among the shared functionalities between these standards is the 'totalSupply' function. This function allows for the retrieval of the total number of tokens that are currently available within a specific contract.
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amelia_martinez_engineer
Sat Jul 13 2024
Another common function is 'balanceOf'. This enables the querying of the token balance associated with a particular user address, providing insights into individual holdings.
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Arianna
Fri Jul 12 2024
The 'transfer' function is also a shared attribute of BEP-20 and ERC-20. This feature permits the movement of tokens from one address to another, facilitating transactions and exchanges.
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Stefano
Fri Jul 12 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its users. These include spot trading, futures contracts, and wallet management, among others.
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