What is BEP20 Token?

[Ember madison]

BEP20  tokens are digital assets on the binance smart chain, following a standard  for creating and managing tokens. They enable various functionalities  like Defi and gaming are compatible with the binance ecosystem and offer interoperability with other BSC based applications.

[UNIVERSE]

That's really famous. It works like a pipeline to send tokens or receive tokens. One point that I'm impressed with about Bep20 is the low cost of transaction fees.

BNB has quite high transaction fees and network security, therefore to date they have succeeded in having many users because the product they have is very useful for many people. However, my advice is that BNB continues to develop because currently there are new products that are trying to compete with the Binance platform.

I think from the start, BNB Smart Chain transactions have been small. Because at that time, they made it one of the things that could compete with the Ethereum network. At that time, transaction fees on the Ethereum network were very high. Because of this, BSC is present as the best alternative for projects that build their tokens on this network. And the use of this network is increasingly widespread, because the transaction fees for BSC tokens are quite low, especially compared to the Ethereum network.

[rizqillah]

That's really famous. It works like a pipeline to send tokens or receive tokens. One point that I'm impressed with about Bep20 is the low cost of transaction fees.

BNB has quite high transaction fees and network security, therefore to date they have succeeded in having many users because the product they have is very useful for many people. However, my advice is that BNB continues to develop because currently there are new products that are trying to compete with the Binance platform.

I think from the start, BNB Smart Chain transactions have been small. Because at that time, they made it one of the things that could compete with the Ethereum network. At that time, transaction fees on the Ethereum network were very high. Because of this, BSC is present as the best alternative for projects that build their tokens on this network. And the use of this network is increasingly widespread, because the transaction fees for BSC tokens are quite low, especially compared to the Ethereum network.

When compared to ethereum, of course Binance Smart Chain has cheaper gas fees, and is now starting to become popular because Binance Exchange always supports it. Ethereum has always had the same problem from the past and there has never been a solution, high gas fees. It is likely that many projects will switch to BSC and some to Solana

[IvugeoEvolutionCoin]

When compared to ethereum, of course Binance Smart Chain has cheaper gas fees, and is now starting to become popular because Binance Exchange always supports it. Ethereum has always had the same problem from the past and there has never been a solution, high gas fees. It is likely that many projects will switch to BSC and some to Solana

Many have switched to Binance Smart Chain and Solana, as has happened in several projects which have been trending quite a lot on the Solana network for some time. With this, the Solana network is increasing and has many users. At least Ethereum already has two opponents to compete with. consider it carefully so that Ethereum can immediately solve the problem well.

[rizqillah]

When compared to ethereum, of course Binance Smart Chain has cheaper gas fees, and is now starting to become popular because Binance Exchange always supports it. Ethereum has always had the same problem from the past and there has never been a solution, high gas fees. It is likely that many projects will switch to BSC and some to Solana

Many have switched to Binance Smart Chain and Solana, as has happened in several projects which have been trending quite a lot on the Solana network for some time. With this, the Solana network is increasing and has many users. At least Ethereum already has two opponents to compete with. consider it carefully so that Ethereum can immediately solve the problem well.

You are right, ethereum should immediately solve its problem so that its users do not turn to other networks such as Solanan and BSC, because as time goes on more and more will leave ethereum because BSC and Solana are much cheaper compared to ethereum

[IvugeoEvolutionCoin]

When compared to ethereum, of course Binance Smart Chain has cheaper gas fees, and is now starting to become popular because Binance Exchange always supports it. Ethereum has always had the same problem from the past and there has never been a solution, high gas fees. It is likely that many projects will switch to BSC and some to Solana

Many have switched to Binance Smart Chain and Solana, as has happened in several projects which have been trending quite a lot on the Solana network for some time. With this, the Solana network is increasing and has many users. At least Ethereum already has two opponents to compete with. consider it carefully so that Ethereum can immediately solve the problem well.

You are right, ethereum should immediately solve its problem so that its users do not turn to other networks such as Solanan and BSC, because as time goes on more and more will leave ethereum because BSC and Solana are much cheaper compared to ethereum

The increase in gas fees required when making Ethereum transactions seems to have increased quite sharply, from January to April this was very scary. In January it was recorded that Etheruem only needed 35 Gwei to be used as gas fees. Then, starting in February, it rose even higher to an average of 60 Gwei due to the hype of the ERC-404 token. In March it was recorded that it reached a maximum Gwei of 98 Gwei. to carry out Ethereum transactions. Luckily, this month the highest was only recorded at 47 Gwei on April 13th.

[de_prof]

The increase in gas fees required when making Ethereum transactions seems to have increased quite sharply, from January to April this was very scary. In January it was recorded that Etheruem only needed 35 Gwei to be used as gas fees. Then, starting in February, it rose even higher to an average of 60 Gwei due to the hype of the ERC-404 token. In March it was recorded that it reached a maximum Gwei of 98 Gwei. to carry out Ethereum transactions. Luckily, this month the highest was only recorded at 47 Gwei on April 13th.

Unfortunately, the ethereum team doesn't seem to care about the issue of high gas fees. Is there really no solution to overcome the problem of high gas fees, or is it because the costs required to repair their project are very high. But it seems there has been no clarification from ethereum

[EthereumDev_]

BEP20  tokens are digital assets on the binance smart chain, following a standard  for creating and managing tokens. They enable various functionalities  like Defi and gaming are compatible with the binance ecosystem and offer interoperability with other BSC based applications.

That's right, BEP20 is a smart chain produced from the Binance, Defi and Game platforms. It is indeed the best choice for developing BEP20-based tokens. With low costs and a fairly high transaction speed, game developers prefer to use BSC for the transactions they choose.

[DAMKAR]

BEP20  tokens are digital assets on the binance smart chain, following a standard  for creating and managing tokens. They enable various functionalities  like Defi and gaming are compatible with the binance ecosystem and offer interoperability with other BSC based applications.

That's right, BEP20 is a smart chain produced from the Binance, Defi and Game platforms. It is indeed the best choice for developing BEP20-based tokens. With low costs and a fairly high transaction speed, game developers prefer to use BSC for the transactions they choose.

Binance smart chain is a good choice when ethereum gas fees have problems because they are too high. Many projects are switching to Binance Smart Chain, we know it as BEP20, with the advantages of cheap gas fees and fast transactions. Unfortunately now BSC has also found its competitor, fellow platform Solana also offers advantages

[Google+]

Binance smart chain is a good choice when ethereum gas fees have problems because they are too high. Many projects are switching to Binance Smart Chain, we know it as BEP20, with the advantages of cheap gas fees and fast transactions. Unfortunately now BSC has also found its competitor, fellow platform Solana also offers advantages

It is natural that Binance is a very strong supporter of BNB price movements. The future of BNB is in Binance's hands. As long as the Binance platform still provides many programs that use BNB, the price of BNB on the market will always increase.

[de_prof]

Binance smart chain is a good choice when ethereum gas fees have problems because they are too high. Many projects are switching to Binance Smart Chain, we know it as BEP20, with the advantages of cheap gas fees and fast transactions. Unfortunately now BSC has also found its competitor, fellow platform Solana also offers advantages

It is natural that Binance is a very strong supporter of BNB price movements. The future of BNB is in Binance's hands. As long as the Binance platform still provides many programs that use BNB, the price of BNB on the market will always increase.

The Binance team always thinks about the sustainability of its coin BNB and also its smart chain project BSC. Currently Binance is the biggest exchange and good reputation, with the launchpool event we see that the BNB price is still moving quite well.

[TopT3ns]

The Binance team always thinks about the sustainability of its coin BNB and also its smart chain project BSC. Currently Binance is the biggest exchange and good reputation, with the launchpool event we see that the BNB price is still moving quite well.

It's true, currently there are lots of new projects being launched on the Binance platform, of course Binance will continue to consider BNB to stay at the top. Binance realizes that its platform has very high users and a good reputation, so they are smart to provide many events that require BNB to participate.

[rizqillah]

The Binance team always thinks about the sustainability of its coin BNB and also its smart chain project BSC. Currently Binance is the biggest exchange and good reputation, with the launchpool event we see that the BNB price is still moving quite well.

It's true, currently there are lots of new projects being launched on the Binance platform, of course Binance will continue to consider BNB to stay at the top. Binance realizes that its platform has very high users and a good reputation, so they are smart to provide many events that require BNB to participate.

The launchpad event by using BNB coins is a Binance team strategy. they want BNB coins to still have a good price.
With more and more projects using the BSC network, the price of the BNB coin is improving. Because we know that BSC or Binance smart chain is increasingly popular by offering the advantages of lower gas fees and fast transactions

[TopT3ns]

The launchpad event by using BNB coins is a Binance team strategy. they want BNB coins to still have a good price.
With more and more projects using the BSC network, the price of the BNB coin is improving. Because we know that BSC or Binance smart chain is increasingly popular by offering the advantages of lower gas fees and fast transactions

Exactly, that way, at least Binance has the opportunity to always increase prices and manipulate BNB prices easily, because if there is no Launchpad program like the one that Binance provides to its users, BNB prices will be difficult to manipulate.

[DAMKAR]

The launchpad event by using BNB coins is a Binance team strategy. they want BNB coins to still have a good price.
With more and more projects using the BSC network, the price of the BNB coin is improving. Because we know that BSC or Binance smart chain is increasingly popular by offering the advantages of lower gas fees and fast transactions

Exactly, that way, at least Binance has the opportunity to always increase prices and manipulate BNB prices easily, because if there is no Launchpad program like the one that Binance provides to its users, BNB prices will be difficult to manipulate.

Binance can manipulate BNB prices but it's not that big, because we have to go back to the basic factors that influence prices, namely demand and supply. Unless BNB burns its coins in large quantities, it will have a huge impact on the price of BNB. Binance is just trying to keep BNB from falling, that's all