🔍 Understanding BEP-20 Tokens and How They Differ from ERC-20

#CryptoEducation #BinanceSmartChain #Ethereum #Web3Basics

New to crypto? Let’s break down two of the most popular token standards: BEP-20 and ERC-20 👇

🟡 BEP-20 (Binance Smart Chain)

Built on BNB Smart Chain (BSC)

Faster, cheaper transactions 💨

Used for tokens like $CAKE, $BAKE, $BUSD

Lower gas fees = better for DeFi users

🔵 ERC-20 (Ethereum Network)

Built on Ethereum

Industry standard for smart contract tokens

Higher fees but greater decentralization

Used by major tokens like $LINK, $UNI, $USDC

⚖️ Key Differences:

FeatureBEP-20ERC-20NetworkBNB Smart ChainEthereumSpeed & FeesFast + Low feesSlower + High feesAdoptionBinance EcosystemBroader Ecosystem

Tip: Always double-check the network when withdrawing or depositing — sending BEP-20 to an ERC-20 wallet (or vice versa) could result in loss of funds!