ERC20 vs BEP2 vs BEP20 Token Standards

Blockchain Networks

What Is a Token Standard?

ERC 20

ERC 20 Limitations

BEP 2

BEP2 Limitations

BEP 20

Token Standard Requirements

  • Total Token Supply
  • Token Minting Process (to issue a new token)
  • Token Burning Process (to reduce supply or increase demand)
  • The process of conducting transactions with the fungible tokens

ERC20, BEP20, and BEP2 Token Standard Differences

Gas Fees

Block Verification Speed

Security

Importance of the Token Standards

The Main Aspects of Token Development

What Is Token Minting?

What Is a Token Balance?

What Is Token Development?

Takeaway

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