Understand Binance -token -Standards: Bep2 vs. Bep20

The world of cryptocurrency significantly developed the introduction of Bitcoin in 2009. One of the most important innovations driven by this growth two popular token standards that were considerably observed are Binance Smart Chain (BSC) token Standard No. 2 (also known as BEP2) and Binance Smart Chain (BSC) token Standard No. 20 (also known as Bep20).

** What is Binance Smart Chain (BSC)?

BSC is a decentralized public network that enables the creation of tokens, including cryptocurrency, non-accountable assets (NFTS) and other digital goods. Binance started in 2019, one of the world’s largest cryptocurrency exchanges. BSCS TOKEN Standard No. 2, Bep2, offers a framework for the creation and management of BSC-based tokens, which makes it an attractive choice for developers.

Bep20 vs. Bep2: Understanding the most important differences

Bep20 and Bep2 are two different token standards that have gained popularity in recent years. While both standards are used to create Binance Smart Chain (BSC) token, they differ significantly in terms of their design and functionality.

Bep20:

Bep20 is a token standard no. 20 (also known as Bep20), which was introduced by Binance in 2020. It offers a more flexible and adaptable frame for the creation of BSC-based tokens compared to BEP2. Some important functions of Bep20 are:

* TOKEN NAMES: Binance enables users to create user -defined token names with alphanumeric characters.

* TOKEN Sizes: token can be created with a minimum size or a byte (8 decimal places) and a maximum size or 100 bytes.

* ERC-721 support:

Bep20 supports ERC-721, which is used for non-mixable assets (NFTS).

* Smart Contract Integration: Bep20 enables developers to create intelligent contracts with popular frameworks such as Open Heppelin.

Bep2:

Bep2, also known as Binance Smart Chain token Standard No. 2, offers a rigid frame for the creation of BSC-based tokens compared to Bep20. Some important features of Bep2 are:

* TOKEN NAMES: Binance has specific requirements for token names that have to adhere to certain guidelines.

* TOKEN Sizes: token can be created with a minimum size or 4 bytes (32 decimal places) and a maximum size or 100 bytes.

* ERC-721 Support: Bep2 supports ERC-721, but with more restrictive rules than Bep20.

* Smart Contract Integration: Bep2 requires developers to use certain intelligent contracts that comply with Binance’s guidelines.

Select the right -token standard:

When choosing a token standard for your project, it is important to take the following factors into account:

• Development complexity: Bep2 may be better suited for projects with complex smart contract requirements.

• Token size and name conventions: If you want to create tokens with specific name conventions or tokens sizes, Bet20 may be more suitable.

• ERC-721 Support: If your project requests ERC 721 functionality, Bep20 is the right way.

In summary, Binance Smart Chain (BSC) and its token standards have developed considerably in recent years. While both Bep2 and Bep20 offer valuable functions for creating and managing tokens, they differ in terms of design and functionality. By understanding the key differences between these Two Token standards, developers can make sound decisions that should be used for their projects.

Additional resources:

• [Binance Smart Chain token Standard #2 (Bep2) Documentation] (

• [Binance Smart Chain token Standard #20 (BEP20) Documentation] (

Diploma:

The choice of the token standard is of crucial importance for the success of a project.

AVALANCHE AVAX SMART