BEP20 is a Token standard used in developing tokens on the platform BinanceSmartChain. It operates similarly to the ERC20 standard used in Ethereum Blockchain. The BEP 20 token is highly efficient, and the fastest transaction compared to the ERC 20 on ethereum. Transaction fees are higher in the Ethereum platform, to resolve the high gas fee, Binance has developed a Binance Smart Chain.BEP20 coins are fit with Binance Chain BEP2 coins. Users can trade in a hassle-free way and can switch between the two networks.
Key Benefits of BEP20 Token Development
Collateralized
Unparalleled Efficacy
Issuance
Staking
Inclusiveness
Validated
Utility
Scalability
Decentralized
A secure structure
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