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BEP-2

BEP-2 is a token standard on Binance Chain, which is a blockchain platform created by the cryptocurrency exchange Binance. BEP-2 tokens are used to represent assets on the Binance Chain and can be used for a variety of purposes such as payments, trading, and access to decentralized applications (dApps) built on the Binance Chain. The BEP-2 standard provides a set of rules that developers must follow when creating new tokens on the Binance Chain to ensure compatibility with existing wallets and exchanges. Some popular tokens that use the BEP-2 standard include Binance Coin (BNB) and Tether (USDT) on the Binance Chain.

BEP stands for Binance Evolution Proposal. It is a proposal put forward by the Binance team for improving the Binance Chain or Binance Smart Chain network. The purpose of BEPs is to enable the Binance community to contribute to the development and growth of the Binance ecosystem. BEPs can cover a wide range of topics, including new features, technical improvements, and even changes to the network’s governance structure. Once a BEP is approved by the Binance community, it can be implemented by the Binance team.

  • Fork
    A forkA fork in cryptocurrency occurs when there is a divergence in the blockchain, resulting in the creation of a new cryptocurrency. There are two types... More in cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More occurs […]
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  • Public Key
    A public keyA public key is like a lock that everyone can see but only you can unlock. It's a long string of characters that is generated... More is like a lock that everyone can see but only you can unlock. It’s a long string of characters that is generated from your private keyyou may […]
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  • Latency
    LatencyLatency is the delay between when an order is placed and when it is executed on a trading platform. Lower latency is important when making... More is the delay between when an order is placed and when it is executed on a trading platform. Lower latency is important when making trades because it reduces the […]
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