What is the difference between BSC and BEP20?

3 answers

• Dec 28, 2021 · 3 years ago
  Binance Smart Chain (BSC) and BEP20 are both related to the Binance ecosystem, but they serve different purposes. BSC is a blockchain platform that allows developers to create decentralized applications (dApps) and run smart contracts. It offers fast and low-cost transactions, making it an attractive choice for developers. On the other hand, BEP20 is a token standard on the Binance Smart Chain. It defines a set of rules and requirements for tokens to be created and used on the BSC. In simple terms, BSC is the platform, while BEP20 is the token standard used on that platform.
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• Dec 28, 2021 · 3 years ago
  BSC and BEP20 are like the foundation and the building blocks. BSC provides the infrastructure for developers to build their applications, while BEP20 defines the rules for creating and using tokens on the BSC. Without BSC, there would be no platform for dApps, and without BEP20, there would be no standard for tokens on the BSC. So, they work hand in hand to enable the Binance ecosystem to thrive.
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• Dec 28, 2021 · 3 years ago
  BEP20 is the token standard used on the Binance Smart Chain, and it is similar to the ERC20 standard on the Ethereum blockchain. It ensures compatibility and interoperability between different tokens on the BSC. BSC, on the other hand, is the blockchain platform itself, providing the infrastructure for dApps and smart contracts. BSC offers high performance and low transaction fees, making it a popular choice for developers and users alike. It's important to note that BSC and BEP20 are specific to the Binance ecosystem and may not be directly compatible with other blockchains or token standards.
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