reviewed on
35 reviews

BEP20 vs ERC20 vs BEP2: Which Is the Best?

Vitaliy Basiuk
Contributor
Alissa Adams
Editor Fact checked
March 24, 2023 | UPD: April 26, 2023 | 10 mins min. reading | 482
BEP20 vs ERC20 vs BEP2

BEP20 vs ERC20 vs BEP2

The crypto market is thriving today, creating excellent opportunities for those who’ve decided to tap into the crypto world. Among the multiple ways to capitalize on crypto, token development looks especially promising. If you’re considering token development, this guide is for you. It explores and compares the most popular token standards and more. Let’s get down to business.

Expert DeFi Token Development

We build decentralized financial tokens for a variety of uses.

Go to service

Our Web3 Case Studies

Go to case

BEP20 vs BEP2 vs ERC20 FAQ

What is a token standard?

A token standard is a set of rules determining how a token will operate on a particular network. It contains technical specifications, such as the programming language used to run the token, and business rules, such as the specific functions of the token.

What does BEP20 mean?

In a nutshell, BEP20 can be defined as a token standard on the BNB Smart Chain (BSC) that extends ERC20, the most common Ethereum blockchain token standard. It’s a set of rules for using tokens. The acronym BEP stands for Binance Smart Chain Evolution Proposal. BEP20 is designed to be compatible with both BEP2 and ERC20 standards, ensuring compatibility with the Ethereum Virtual Machine.

Is BEP20 the same as BSC?

No. You can’t compare BEP20 vs BSC since they refer to different things. BSC is a blockchain dedicated to running smart contracts while BEP20 is a token standard that is used for creating tokens on the BSC blockchain. Likewise, you can’t compare ERC20 vs BSC or BEP2 vs BSC, since ERC20 and BEP2 are token standards while BSC is a blockchain.

BSC vs ERC20: What’s the difference?

You can’t compare or choose between ERC20 or BSC because they mean quite different things. BSC, rebranded as the BNB Chain in February 2022, is a blockchain network designed for running smart-contract-based applications. ERC20 is a token standard that governs blockchain tokens on the Ethereum network.

Categories:
Blockchain
BSC
DeFi
Ethereum
Tokens
Written by
Vitaliy Basiuk
COO & Co-founder

Written by Vitaliy Basiuk
COO & Co-founder at EvaCodes | Blockchain Enthusiast | Providing software development solutions in the blockchain industry

Let's discuss your idea

    Choose your interest:


    Pavlo Famulyak
    Head Of Sales at EvaCodes

    Related Articles

    KYC Blockchain

    Why KYC Is a Good Verification Solution

    Blockchain

    Metaverse gaming

    How Could Metaverse Be a Game Changer for the Virtual Gaming Industry?

    Metaverse

    AI in Web3

    How AI Manifests in Web3?

    Web3