Altcoins Talks - Cryptocurrency Forum

Archive => Sorting Box => Topic started by: Cherrysix on April 05, 2023, 06:51:38 PM

Title: What is PancakeSwap
Post by: Cherrysix on April 05, 2023, 06:51:38 PM

PancakeSwap is a decentralized exchange built on the BNB Chain (previously BSC and Binance Chain) instead of Ethereum. It enables its users to swap BEP-20 standard tokens easily.

BNB - (Binance Chain) a blockchain platform developed by the popular centralized cryptocurrency exchange to support Binance DEX, a decentralized exchange that allows users to directly trade with each other.

BEP-20 is a token standard on BNB Smart Chain that extends ERC-20, the most common Ethereum token standard.

(Correct me if im wrong, because im a newbie too)

Title: Re: What is PancakeSwap
Post by: Alex Frizz on April 05, 2023, 07:26:16 PM

You got me interested, need to read more about it.

Title: Re: What is PancakeSwap
Post by: Cherrysix on April 05, 2023, 07:41:55 PM

Quote from: Alex Frizz on April 05, 2023, 07:26:16 PM

You got me interested, need to read more about it.

Yes, you should always add your own understanding and analysis to other people's knowledge, glad I helped you.