Which blockchain networks support BEP2, BEP20, and ERC20 tokens?

Priyanshu HaldarMar 30, 2022 · 3 years ago3 answers

Can you provide information on the blockchain networks that support BEP2, BEP20, and ERC20 tokens? I am interested in knowing which networks are compatible with these token standards and how they can be utilized.

Blockchain

BEP2

BEP20

3 answers

Mar 30, 2022 · 3 years ago
Certainly! BEP2 tokens are primarily supported on the Binance Chain, which is a blockchain developed by Binance. This chain offers fast and low-cost transactions for BEP2 tokens. On the other hand, BEP20 tokens are based on the Binance Smart Chain (BSC), which is a parallel blockchain to the Binance Chain. BSC is compatible with the Ethereum Virtual Machine (EVM) and supports the same tools and ecosystem as ERC20 tokens. Lastly, ERC20 tokens are supported on the Ethereum blockchain, which is one of the most widely used blockchain networks for decentralized applications and token issuance. These tokens can be utilized for various purposes such as crowdfunding, governance, and utility within the Ethereum ecosystem.
Mar 30, 2022 · 3 years ago
The blockchain networks that support BEP2, BEP20, and ERC20 tokens are Binance Chain, Binance Smart Chain (BSC), and Ethereum respectively. Binance Chain is known for its fast and efficient transactions, making it suitable for BEP2 tokens. BSC, on the other hand, offers compatibility with ERC20 tokens and provides additional features like smart contracts and decentralized applications. Ethereum, being the pioneer in smart contract functionality, is widely used for ERC20 tokens and offers a robust ecosystem for token development and utilization.
Mar 30, 2022 · 3 years ago
BEP2 tokens are primarily supported on the Binance Chain, which is a blockchain developed by Binance. This chain offers fast and low-cost transactions for BEP2 tokens. On the other hand, BEP20 tokens are based on the Binance Smart Chain (BSC), which is a parallel blockchain to the Binance Chain. BSC is compatible with the Ethereum Virtual Machine (EVM) and supports the same tools and ecosystem as ERC20 tokens. As for ERC20 tokens, they are supported on various blockchain networks, including Ethereum, Binance Smart Chain, and other platforms that have implemented ERC20 compatibility. It's important to note that each network may have its own unique features and advantages, so it's worth exploring the specific benefits of each blockchain when considering token issuance or utilization.