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BEP-20

BEP-20 is a technical standard on the Binance Smart Chain (BSC) that specifies how tokens can be created, issued, and transferred on the blockchain. It is similar in function to the ERC-20 standard on the Ethereum blockchain. BEP-20 tokens are fungible, meaning that each token is identical and can be exchanged or traded for another token of the same type at a 1:1 ratio. They can be used for a variety of purposes, including as a means of payment, store of value, or as a governance token for decentralized applications (dApps) built on the BSC. The popularity of the BSC and the ease of creating BEP-20 tokens have made it a popular choice for developers looking to launch new tokens or projects on the blockchain.

  • Double Spending
    Double spendingDouble spending is a potential issue in cryptocurrency where the same digital currency is spent more than once. This can happen because digital currency is... is a potential issue 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 […]
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  • Smart Contract
    Smart contracts are self-executing computer programs that automatically enforce the terms of a contract when certain conditions are met. They are typically used in decentralized systems, such as blockchainThe blockchain is a digital ledger that records transactions in a secure and decentralized manner. Think of it like a shared spreadsheet that is constantly... networks, to […]
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  • Decentralization
    Platforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. DecentralizationPlatforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. Decentralization... can also increase transparency and efficiency […]
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