{"id":8564,"date":"2021-12-13T12:44:05","date_gmt":"2021-12-13T12:44:05","guid":{"rendered":"https:\/\/yourcryptolibrary.com\/?page_id=8564"},"modified":"2024-05-04T14:24:38","modified_gmt":"2024-05-04T14:24:38","slug":"what-are-bep-20-tokens","status":"publish","type":"page","link":"https:\/\/yourcryptolibrary.com\/nl\/cryptocurrency-types\/what-are-bep-20-tokens\/","title":{"rendered":"BEP-20 Tokens"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"8564\" class=\"elementor elementor-8564\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3632157 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3632157\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac3ce25\" data-id=\"ac3ce25\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6ef0fab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ef0fab\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-131bedd\" data-id=\"131bedd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30e6fa9 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"30e6fa9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more about cryptocurrrencies<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ba01c13\" data-id=\"ba01c13\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3eecaf6 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"3eecaf6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/exchanges\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Trade Crypto<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-40e6f3b elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"40e6f3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;Er zijn geen kopteksten gevonden op deze pagina.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__40e6f3b\" aria-expanded=\"true\" aria-label=\"Open inhoudsopgave\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__40e6f3b\" aria-expanded=\"true\" aria-label=\"Sluit inhoudsopgave\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__40e6f3b\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c34844b elementor-widget elementor-widget-text-editor\" data-id=\"c34844b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>What is the BEP-20 token standard?<\/h2><p>BEP-20 tokens are cryptocurrency that are minted on the <a href=\"https:\/\/www.binance.org\/en\/smartChain\" target=\"_blank\" rel=\"noopener\">Binance (Smart) Chain<\/a>. The Binance Smart Chain is a parallel Binance Chain that enables smart contracts. It allows developers to build decentralized applications and digital assets that make it possible to benefit from the Binance Chain while also taking advantage of fast trading on the smart chain.<\/p><p>The BEP-20 standard is fully derived from the ERC-20 standard, which is the most common standard used on the <a href=\"\/ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum Network<\/a>. BEP-20 tokens are also fully compatible with the ERC-20 standard. These s<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">tandards basically decide how a token can be created, transacted, spent, who can spent them, etc.<\/span><\/p><p>Various modifications were made to improve the protocol, while decreasing transaction costs and increasing transaction speed. The Smart Chain is also fully compatible with smart contracts, meaning that BEP-20 tokens can reflect value of all sorts of assets, such as shares in a company to dollars (stablecoins) and real-world assets (synthetic assets).<\/p><p class=\"p2\">Besides the BEP-20 variant, Binance also introduced BEP-2 tokens. These are used on the Binance Chain, but can be directly \u2018bridged\u2019 to the smart chain, a BEP-20 token.<\/p><h2>Why did BEP-20 tokens become popular?<\/h2><p>BEP-20 tokens became incredibly popular during the fourth quarter of 2020<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">\u00a0and to date are still very popular for decentralized finance (DeFi) applications.<\/span><\/p><p>This is mainly due to the low transaction costs the Binance Smart Chain charges for transactions. While the Ethereum Network is camping with high transaction fees ($10-25), the smart chain pushes transactions through for about $0.3.<\/p><h4>Examples of projects that use BEP-20 tokens<\/h4><p><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/categories\/binance-smart-chain\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">CoinGecko<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0offers an overview of all BSC projects. Though, some examples of well-known projects that launched on the BSC are:<\/span><\/p><ul><li><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/binance-coin\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">BNB<\/span><\/a><\/li><li><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/pancakeswap\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">CAKE<\/span><\/a><\/li><li><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/the-graph\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">GRT<\/span><\/a><\/li><li><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/1inch\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">1INCH<\/span><\/a><\/li><li><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bakeryswap\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">BAKE<\/span><\/a><\/li><\/ul><div>\u00a0<\/div><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\" data-preserver-spaces=\"true\">Interested in learning more about different types of cryptocurrency?\u00a0<\/span><a class=\"editor-rtfLink\" style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); background-color: #ffffff; font-size: 1rem;\" href=\"https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Check out our overview<\/span><\/a><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\" data-preserver-spaces=\"true\">, where we explain utility tokens, security tokens, non-fungible tokens, and many more.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Learn more about cryptocurrrencies Trade Crypto Table of Contents What is the BEP-20 token standard? BEP-20 tokens are cryptocurrency that are minted on the Binance (Smart) Chain. The Binance Smart Chain is a parallel Binance Chain that enables smart contracts. It allows developers to build decentralized applications and digital assets that make it possible to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8562,"parent":1379,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-8564","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BEP-20 Tokens<\/title>\n<meta name=\"description\" content=\"BEP-20 tokens are cryptocurrency that are minted on the Binance (Smart) Chain. 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De BEP-20-standaard is volledig afgeleid van de ERC-20-standaard.","breadcrumb":{"@id":"https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/what-are-bep-20-tokens\/#breadcrumb"},"inLanguage":"nl-NL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/what-are-bep-20-tokens\/"]}]},{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/what-are-bep-20-tokens\/#primaryimage","url":"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/Bep-20-Tokens.png","contentUrl":"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/12\/Bep-20-Tokens.png","width":300,"height":123,"caption":"Bep-20 Tokens"},{"@type":"BreadcrumbList","@id":"https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/what-are-bep-20-tokens\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/yourcryptolibrary.com\/"},{"@type":"ListItem","position":2,"name":"Cryptocurrency types","item":"https:\/\/yourcryptolibrary.com\/cryptocurrency-types\/"},{"@type":"ListItem","position":3,"name":"BEP-20 Tokens"}]},{"@type":"WebSite","@id":"https:\/\/yourcryptolibrary.com\/nl\/#website","url":"https:\/\/yourcryptolibrary.com\/nl\/","name":"YourCryptoLibrary","description":"Meer informatie over cryptovaluta","publisher":{"@id":"https:\/\/yourcryptolibrary.com\/nl\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/yourcryptolibrary.com\/nl\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"nl-NL"},{"@type":"Organization","@id":"https:\/\/yourcryptolibrary.com\/nl\/#organization","name":"YourCryptoLibrary","url":"https:\/\/yourcryptolibrary.com\/nl\/","logo":{"@type":"ImageObject","inLanguage":"nl-NL","@id":"https:\/\/yourcryptolibrary.com\/nl\/#\/schema\/logo\/image\/","url":"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/09\/Yourcryptolibrary-logo.svg","contentUrl":"https:\/\/yourcryptolibrary.com\/wp-content\/uploads\/2021\/09\/Yourcryptolibrary-logo.svg","width":780,"height":200,"caption":"YourCryptoLibrary"},"image":{"@id":"https:\/\/yourcryptolibrary.com\/nl\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/pages\/8564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/comments?post=8564"}],"version-history":[{"count":0,"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/pages\/8564\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/pages\/1379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/media\/8562"}],"wp:attachment":[{"href":"https:\/\/yourcryptolibrary.com\/nl\/wp-json\/wp\/v2\/media?parent=8564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}