Understand the binance token standards: BEP2 vs bep20
The world of cryptocurrency has evolved considerably since the introduction of Bitcoin in 2009. One of the main innovations that motivated this growth is the mechanism of normalization of tokens, which allows developers to create and manage their own crypto -Monaies without counting on a central authority. Two popular token standards that have drawn significant attention are the standard of Smart Chain (BSC) Binance (BSC)
2 (also known as Bep2) and Binance Smart Chain (BSC) token standard
20 (also known under the name of BEP20).
What is Binance Smart Chain (BSC)?
BSC is a decentralized public network which allows the creation of tokens, in particular cryptocurrency, non-funsible assets (NFT) and other digital goods. It was launched in 2019 by Binance, one of the greatest exchanges of cryptocurrency in the world. The BSC
2 tokens standard, BEP2, provides a framework to create and manage tokens based on BSC, making it an attractive choice for developers.
BEP20 against Bep2: Understanding the main differences
BEP20 and BEP2 are two distinct token standards that have gained popularity in recent years. Although the two standards are used to create Binance Smart Chain (BSC) tokens, they differ considerably in terms of design and functionality.
BEP20:
BEP20 is a standard of token
20 (also known as BEP20) which was introduced by Binance in 2020. It provides a more flexible and adaptable frame to create tokens based on BSC compared to BEP2. Certain key features of BEP20 include:
- Letter names: Binance allows users to create personalized tokens names using alphanumeric characters.
- Token sizes: The tokens can be created with a minimum size of 1 byte (8 decimal figures) and a maximum size of 100 bytes.
- Management of the ERC-721: BEP20 supports ERC-721, which is used for non-buttocks (NFT).
- Integration of intelligent contracts:
BEP20 allows developers to create smart contracts using popular frameworks like OpenZeppelin.
Bep2:
BEP2, also known as Binance Smart Chain Token Standard
2, provides a more rigid frame to create tokens based on BSC compared to BEP20. Some key BEP2 features include:
- Names of tokens: Binance has specific requirements for token names, which must adhere to certain directives.
- Token sizes: The tokens can be created with a minimum size of 4 bytes (32 decimal figures) and a maximum size of 100 bytes.
- Management of the ERC-721: BEP2 supports ERC-721, but with more restrictive rules than BEP20.
- Integration of intelligent contracts: 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:
- Development complexity: BEP2 could be more suitable for projects with complex intelligent contract requirements.
- Size of tokens and names of name: If you want to create tokens with specific name conventions or tokel sizes, BEP20 could be a better adjustment.
- Support for ERC-721: If your project requires an ERC-721 functionality, BEP20 is the way to follow.
In conclusion, Binance Smart Chain (BSC) and its token standards have evolved considerably in recent years. Although BEP2 and BEP20 provide valuable features for the creation and management of tokens, they differ in terms of design and functionality. By understanding the main differences between these two token standards, developers can make informed decisions on which 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.