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Understanding of Binance’s Standard Token: BEP2 VS. bep20
The world of cryptocurrency has evolved significantly from the introduction of Bitcoin in 2009. One of the main innovations that guided this growth is the standardization mechanism of the tokens, which allows developers to create and manage their cryptocurrencies without relying on a central authority. Two standards of popular tokens that attracted significant attention are Binance Smart Chain (BSC) Standard #2 (also known as BEP2) and Binance Smart Chain (BSC) standard token #20 (also known as Bep20).
What is Binance Smart Chain (BSC)?
BSC is a decentralized public network that allows the creation of token, including cryptocurrency, non -fixable activities (NFT) and other digital goods. It was launched in 2019 by Binance, one of the greatest exchanges of cryptocurrency in the world. BSC’S TOKEN STANDARD #2, BEP2, provides a framework for the creation and management of BSC -based token, making it an attractive choice for developers.
BEP20 VS. Bep2: understanding of key differences
Bep20 and BEP2 are two distinct token standards that have gained popularity in recent years. While both standards are used to create token Binance Smart Chain (BSC), they differ significantly in terms of design and functionality.
Bep20:
Bep20 is a standard #20 token (also known as Bep20) that was introduced by Binance in 2020. It provides a more flexible and adaptable picture for creating tokens based on BSC compared to BEP2. Some key features of Bep20 include:
* TOKEN NAMES: Binance allows users to create personalized token names using alphanumeric characters.
* TOKEN size: tokens can be created with a minimum size of 1 bytes (8 decimal digits) and a maximum size of 100 bytes.
* ERC-721 support: BEP20 supports ERC-721, which is used for non-whistling activities (NFT).
* Integration of intelligent contracts: BEP20 allows developers to create intelligent contracts using popular framework such as OPENZEPPELIN.
Bep2:
Bep2, also known as Binance Smart Chain Taken Standard #2, provides a more rigid framework for creating tokens based on BSC compared to BEP20. Some key features of Bep2 include:
* TOKEN NAMES: Binance has specific requirements for token names, which must join certain guidelines.
* TOKEN size: tokens can be created with a minimum size of 4 bytes (32 decimal digits) and a maximum size of 100 bytes.
* ERC-721 Support: BEP2 supports ERC-721, but with more restrictive rules of bep20.
* Integration of intelligent contracts: BEP2 requires developers to use specific intelligent contracts that adhere to the binance guidelines.
Choose the right token standard:
When choosing a standard token for your project, it is essential to consider the following factors:
- Complexity of development:
BEP2 may be more suitable for projects with complex intelligent contract requirements.
- Dimensions of the token and denomination conventions: If you want to create tokens with specific denomination conventions or token dimensions, bep20 could be more suitable.
- ERC-721 support: If the project requires ERC-721 functionality, BEP20 is the way to go.
In conclusion, Binance Smart Chain (BSC) and its token standards have evolved significantly in recent years. While both Bep2 and BEP20 provide precious characteristics for the creation and management of token, differ in terms of design and functionality. By understanding the key differences between these two standard tokens, developers can make informed decisions on which to use for their projects.
Additional resources:
- [Documentation Binance Smart Chain Taken Standard #2 (bep2)] (
- [Binance Smart Chain Taken Standard #20 (bep20) Documentation] (
Conclusion:
The choice of the standard standard is essential for the success of any project.
