BEP2 vs BEP20: Understanding the Differences and Benefits
The Binance Smart Chain ecosystem is an ambitious project aimed at becoming a comprehensive blockchain platform. It offers many features, including the creation and management of digital assets like tokens and coins. In this article, we'll take a look at the technical dіffеrеncеs between two types of tokens: BEP2 and BEP20. We'll also discuss how these types of tokens work in your smart contracts. The technical differences between BEP2 and BEP20 BEP2, or "Basic Ethereum Payment", is a smart contract. It was originally developed by Vitalik Buterin, who is the fоundеr of Ethereum. BEP20, on the other hand, is not a smart contract but rather just a token standard developed by ConsenSys that has become popular because it allows users to create more functional tokens than BEP2 does. BEP20 tokens…