Understand the cryptocurrency scenario: a deep dive in BEP2 and BEP20
In the constant global evolution of cryptocurrencies, two popular models have become crucial components of the ecosystem: Chain Smart Smart (BSC) and its variants. The main difference between the native tokens BSC, BEP20 and BEP2 is in their case of token, utility and utility. In this article, we will deepen the main characteristics of each standard, exploring their differences and similarities.
What is Binance Smart Chain (BSC)?
Binance Smart Chain is a layer 1 blockchain integrated into the architecture of the Ethereum virtual machine (EVM). It is designed to provide rapid transactions treatment speeds, which makes it suitable for decentralized finances (DEFI), games and other high performance applications. The native token of BSC, BNB, is used for various purposes, including governance, inventory and trade.
BEP20: Decentralized Tercement tokens (Dex)
The BEP20, abbreviated for the Base-20 Toke, is a useful token specially designed for decentralized changes in the smart chain of Binance. It is built on the ERC-20 standard, which allows perfect interoperability in different blockchain networks.
Main characteristics of BEP20:
* Decentralized exchange support (DEX) : BEP20 is designed to facilitate negotiations in decentralized exchanges, providing a safe and transparent way to buy, sell and exchange tokens.
* ERC-20 Compatibility: BEP20 can be used in conjunction with any ERC-20 token, allowing the perfect interaction between different chains and ecosystems.
* Low rate : BEP20 transactions are generally cheaper than other blockchain networks, making it an attractive option for Dex users.
BEP2: The standard for intelligent smart contracts at low cost
BEP2 is a set of public service tokens developed by Binance Labs, designed to allow a low cost cost to introduce intelligent intelligent contracts and to interpert into the smart chain of Binance. It is built using the Weba Sisman standard and uses the native token of Binance Smart Chain, BNB.
Main characteristics of BEP2:
* Interoperability : BEP2 provides continuous interaction between different blockchain networks, allowing the creation of decentralized applications (DAPP) which can be executed in various chains.
* Low transaction rate : BEP2 transactions are generally cheaper than other blockchain networks, making it an attractive option for developers and users.
* SECURITY : BEP2 has been designed in thinking about security, with advanced cryptographic techniques to avoid intelligent contract vulnerabilities.
** Main differences in
Although the two standards offer advantages, there are significant differences between them:
* Use cases
: BEP20 is designed mainly for decentralized exchanges (DEX), while BEP2 is focused on the creation of intelligent contracts involved and at low cost.
* Tokenomics : BEP20 has a larger market capitalization than BEP2, with more developers and project users. The Bep2 Tokenomics is more focused on scalability and conviviality.
* Evolution
: BEP2 is designed to be more evolving than BEP20, allowing higher transaction volumes and greater adoption of low -cost interpretable intelligent contracts.
Conclusion
In conclusion, understanding the differences between the native tokens of Binance Smart Chain, BEP20 and BEP2 is crucial for developers, users and investors. Although the two standards offer advantages, they meet different use cases and have different characteristics that differentiate them.
While the cryptocurrency scenario continues to evolve, it is essential to remain informed of the latest developments in BSC tokens, intelligent contract platforms and decentralized applications. In doing so, you will be better equipped to sail in this complex ecosystem and make informed decisions as a participant or investor.