What is the difference between BEP20 and BSC?

3 answers

• Dec 27, 2021 · 3 years ago
  BEP20 and BSC are both related to the Binance Smart Chain (BSC) ecosystem. BEP20 is a token standard on the BSC, similar to the ERC20 standard on Ethereum. It defines a set of rules and functionalities that a token must adhere to in order to be compatible with the BSC. BSC, on the other hand, is the blockchain network itself, which provides the infrastructure for running decentralized applications and executing smart contracts. In summary, BEP20 is a token standard, while BSC is the underlying blockchain network.
  518259
• Dec 27, 2021 · 3 years ago
  When it comes to BEP20 and BSC, think of BEP20 as the format or standard for tokens on the BSC. It's like a blueprint that defines how tokens should be created and behave on the BSC. BSC, on the other hand, is the actual blockchain network where these tokens exist and transactions take place. So, BEP20 is more about the token standard, while BSC is the network that supports these tokens and enables their functionality.
  422141
• Dec 27, 2021 · 3 years ago
  BEP20 is a token standard on the Binance Smart Chain (BSC) that allows for the creation and management of tokens. It is similar to the ERC20 standard on Ethereum. BSC, on the other hand, is the blockchain network on which these tokens operate. It provides a decentralized platform for executing smart contracts and running decentralized applications. In simpler terms, BEP20 is the token standard, while BSC is the network that powers the tokens and enables their functionality. As a user, you can interact with BEP20 tokens on the BSC network using compatible wallets and decentralized exchanges.
  597150