What is the difference between BSC and BEP20 tokens?

3 answers

• Dec 25, 2021 · 3 years ago
  Binance Smart Chain (BSC) and BEP20 tokens 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 issue tokens. On the other hand, BEP20 is a token standard on the Binance Smart Chain that defines how tokens can be created and interacted with. In summary, BSC is the platform, while BEP20 is the token standard used on that platform.
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• Dec 25, 2021 · 3 years ago
  BSC and BEP20 tokens are like a platform and a language. BSC is the platform that provides the infrastructure for creating and running decentralized applications, while BEP20 is the language that defines how tokens can be created and used on the BSC platform. So, BSC is like the operating system, and BEP20 is like the programming language used to build applications on that system.
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• Dec 25, 2021 · 3 years ago
  BEP20 tokens are a type of token that can be created and used on the Binance Smart Chain (BSC). BSC, on the other hand, is a blockchain platform that offers a high-performance and low-cost environment for developers to build decentralized applications. BSC is gaining popularity due to its compatibility with the Ethereum Virtual Machine (EVM), which allows developers to easily port their existing Ethereum-based projects to BSC. By leveraging the BSC platform, developers can take advantage of its fast transaction speeds and low fees while benefiting from the existing Binance ecosystem.
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