BEP2 Vs. BEP20: Understanding Binance Token Standards

Understanding of Binance Token standards: Bep2 vs. Bep20

The world of cryptocurrency has evolved significantly since the introduction of Bitcoin in 2009. One of the key innovations that this growth has promoted is the mechanism of token standardization, which allows developers to create and administer their own cryptocurrencies without depending on a central authority. Two popular Token standards that have gained significant attention are the intelligent chain token standard (BSC) Binance Standard #2 (also known as Bep2) and Binance Smart Chain (BSC) Token Standard N.

What is Binance Smart Chain (BSC)?

BSC is a decentralized public network that allows the creation of tokens, including cryptocurrency, non -fungible assets (NFT) and other digital goods. It was launched in 2019 by Binance, one of the largest cryptocurrency exchanges in the world. The BSC #2, Bep2 token standard provides a framework to create and manage BSC -based tokens, which makes it an attractive option for developers.

Bep20 vs. Bep2: Understand key 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 tokens (BSC), they differ significantly in terms of their design and functionality.

Bep20:

Bep20 is a Token #20 standard (also known as Bep20) that was introduced by Binance in 2020. It provides a more flexible and adaptable frame to create BSC -based tokens compared to Bep2. Some key BEP20 features include:

* Token names: Binance allows users to create custom token names using alphanumeric characters.

* Token sizes: Tokens can be created with a minimum size of 1 byte (8 decimal digits) and a maximum size of 100 bytes.

* ERC-721 support:

Bep20 admits ERC-721, which is used for non-fungible assets (NFT).

* INTEGRATION OF INTELLIGENT CONTRACTS: BEP20 allows developers to create intelligent contracts using popular frameworks such as Openzepepepepepepepelin.

Bep2:

Bep2, also known as Binance Smart Chain Token Standard #2, provides a more rigid frame to create BSC -based tokens compared to Bep20. Some key Bep2 features include:

* Tokens names: Binance has specific requirements for tokens names, which must meet certain guidelines.

* Token sizes: 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 admits ERC-721, but with more restrictive rules than BEP20.

* Intelligent contract integration: Bep2 requires that developers use specific intelligent contracts that adhere to Binance guidelines.

Choose the right token standard:

When choosing a Token standard for your project, it is essential to consider the following factors:

• Complexity of development: Bep2 could be more appropriate for projects with complex intelligent contract requirements.

• Token size and names of names: If you want to create tokens with specific nomenclature conventions or token sizes, Bep20 could be a better adjustment.

• ERC-721 support: If your project requires ERC-721 functionality, Bep20 is the way to follow.

In conclusion, Binance Smart Chain (BSC) and its tokens standards have evolved significantly in recent years. While both Bep2 and BEP20 provide valuable characteristics to create and manage tokens, they differ in terms of design and functionality. By understanding the key differences between these two tokens standards, developers can make informed decisions about which to use for their projects.

Additional resources:

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

• [Binance Smart Chain Token Standard #20 (Bep20) Documentation] (

Conclusion:

The choice of Token standard is crucial for the success of any project.