common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What are the differences between BNB, BEP2, and BEP20 in the world of cryptocurrency?

avatarGogo TipsNov 24, 2021 · 3 years ago1 answers

Can you explain the key differences between BNB, BEP2, and BEP20 in the cryptocurrency space? What are their unique features and use cases?

What are the differences between BNB, BEP2, and BEP20 in the world of cryptocurrency?
Cryptocurrency
BNB
BEP2

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BNB, BEP2, and BEP20 are all part of the Binance ecosystem, but they have different functions. BNB, or Binance Coin, is the native cryptocurrency of the Binance exchange. It can be used for trading, paying fees, and participating in token sales on Binance. BEP2 tokens are tokens that follow the BEP2 token standard on the Binance Chain. They are used for transferring assets within the Binance ecosystem. BEP20 tokens, on the other hand, are tokens that follow the BEP20 token standard on the Binance Smart Chain. They are compatible with the Ethereum Virtual Machine and can be used for creating decentralized applications and smart contracts. In summary, BNB is the main cryptocurrency, BEP2 tokens are for the Binance Chain, and BEP20 tokens are for the Binance Smart Chain, which supports Ethereum compatibility.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions