Understanding Binance Marker Standards: Bep2 vs. Bep20

The cryptocurrency world has developed significantly since the introduction of Bitcoin in 2009. One of the main innovations that has driven this growth is the Marker Standardization Mechanism, which allows developers to establish and manage their cryptocurrencies without relying on the central authority. Two popular marker standards with considerable attention are Binance Smart Chain (BSC) marker standard no. 2 (also known as Bep2) and Binance Smart Chain (BSC) marker standard no. 20 (also known as BEP20).

What is Binance Smart Chain (BSC)?

BSC is a decentralized public network that allows to create tokens, including cryptocurrencies, non -minted assets (NFT) and other digital goods. This was launched in 2019, one of the largest cryptocurrency exchange in the world. BSC marker standard no. 2, Bep2, provides a frame to create and manage BSC -based badge, making it an attractive choice for developers.

BEP20 vs. Bep2: Understanding the main differences

Bep20 and Bep2 have two different markers standards that have gained popularity in recent years. Although both standards are used to create Binance smart chains (BSC) markers, they vary considerably in their design and functionality.

Bep20:

The BEP20 is a marker standard no. 20 (also known as BEP20), which was introduced in 2020 by Binance. It provides a more flexible and customizable system for the creation of BSC -based tokens compared to BEP2. Some major BEP20 features are:

* Token words: Binance allows users to create custom marker names using alphanumeric characters.

* Token Dimensions: Markers can be created with a minimum size of 1 byte (8 decimal numbers) and a maximum size of 100 bytes.

* ERC-721 Support: BEP20 Supports ERC-721 used for non-minted assets (NFT).

* Smart Contract Integration: BEP20 allows developers to create smart contracts using popular frameworks such as Openzeppelin.

Bep2:

Bep2, also known as Binance Smart Chain Token Standard no. 2, provides a tougher system to create a BSC -based badge compared to BEP20. Some main features of BEP2 are:

* Token words: Binance are special requirements for the names of the tokens that must follow certain guidelines.

* Chip Dimensions: Markers can be created with a minimum size of 4 bytes (32 decimal digits) and a maximum of 100 bytes.

* ERC-721 Support: BEP2 Supports ERC-721, but with more restrictive rules than BEP20.

* Integration of smart contract: BEP2 requires developers to use special smart contracts that follow Binance guidelines.

Selection of the standard marker of law:

When choosing the standard of your project marker, it is important to consider the following factors:

1
Development Complexity: Bep2 could be more suitable for projects with complex smart contract requirements.

• Token size and name conventions: If you want to create chips with special naming conventions or markers, the BEP20 might be better suited.

3
ERC-721 Support:

If your project requires ERC-721 functionality, the BEP20 is a way to go.

In conclusion, Binance’s smart chain (BSC) and its marker standards have developed significantly in recent years. Although both BEP2 and BEP20 provide valuable functions for the creation and management of the tokens, they differ in design and functionality. Understanding the main differences between these two marker standards, developers can make deliberate decisions on which to use for their projects.

Additional resources:

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Conclusion:

Token’s standard choice is essential for the success of any project.

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