I'm trying to figure out whether
BNB is based on the BEP20 or ERC-20 standard. I need this information to understand how BNB tokens are structured and which blockchain network they operate on.
7 answers
Mon Jan 13 2025
BEP20
BNB operates on the BNB Smart Chain network.
Sun Jan 12 2025
By utilizing the BNB Smart Chain, BEP20 token transactions can be executed more quickly.
Sun Jan 12 2025
The BNB Smart Chain, also known as BSC, is equipped with smart contract functionality.
Sun Jan 12 2025
Additionally, network fees associated with these transactions are lower, making it a more cost-effective option for users.
Sun Jan 12 2025
This functionality enables the network to perform various complex operations.