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ERC20 vs BEP20 Token - Which is best?

In recent times, the crypto market takes a splendid growth. The crypto ecosystem paves the way for an enormous audience to kickstart the crypto business to generate passive income. The crypto business remains stable due to the prominent usage of crypto tokens - a subset of cryptocurrency. To get started with any kind of crypto business tokens are required at a huge scale.

While speaking of crypto token creation, it is important to focus on the blockchain and token standard. Crypto ecosystem supports various blockchain to augment the token creation process. Whereas, the Ethereum and Binance smart chain has good technical specifications in the enhancement of crypto business activities.

As many users prefer Ethereum and Binance based tokens in recent times most specifically choosing ERC20 and BEP20 tokens. Let us discuss a quick analogy of the ERC20 and BEP20 tokens.

ERC20 token standard

ERC20 is a technical standard of Ethereum blockchain. It can be created on the existing blockchain and deployed easily. The ERC20 token is a fungible token hence it is preferred by the crypto users and preferred in fundraising platforms like ICO too. The ERC20 token standard is highly preferred by crypto users as it was cost-effective and secure.

Benefits of ERC20 token
  • Liquidity
  • Mintable
  • Faster and secure transaction
  • High scalability
  • Secure smart contract and contract breaking risk is less.
  • Fosters quick Fundraising and more.

BEP20 token standard

BEP20 is a native standard of the Binance smart chain. BEP 20 is an extension of the ERC20 token. BEP20 token can be backed by BNB and the tokens from other frameworks can be pegged on BEP20 token representing Peggy coins. The BEP20 token

Benefits of BEP20 token
  • Compatible with BEP2 and ERC20 platform
  • Supports token swap with BEP2
  • Includes Minting and Burnable feature
  • Low transaction cost and more.

Create a BEP20 token and ERC20 token as per your business requirements,  As you can compare the analogy of ERC20 and BEP20 token standards for token creation.

If you are interested to create a crypto token without learning a solidity, you can better approach a good service provider to get a token creation service.

I would like to suggest Icoclone a reputed service provider with a professional team, assist you to create a crypto token.

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