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TagsWhat are the distinguishing features of BEP2 and BEP20 in the cryptocurrency space?
bakkesh satvikDec 26, 2021 · 3 years ago1 answersCan you explain the key differences between BEP2 and BEP20 in the cryptocurrency industry? What makes them unique and how do they impact the overall ecosystem?
1 answers
- BEP2 and BEP20 are token standards that serve different purposes in the cryptocurrency space. BEP2 tokens are mainly used for trading and transferring assets within the Binance ecosystem. They offer fast and low-cost transactions, making them ideal for day-to-day use. On the other hand, BEP20 tokens are more versatile and can be used on multiple platforms, including the Binance Chain and the Ethereum network. This flexibility allows projects to tap into a larger user base and benefit from the existing Ethereum infrastructure. So, if you're a project looking for broader adoption and compatibility, BEP20 tokens are worth considering.Dec 26, 2021 · 3 years ago
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