#lesson9
lesson9
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What is a Token Standard?
Not all tokens are created the same — they follow different standards depending on the blockchain they’re built on.
A token standard is like a rulebook.
It tells the blockchain how tokens should behave, move, and interact.
🔸 ERC-20
Used on the Ethereum network
Most popular for DeFi tokens
Examples: UNI, LINK, USDC (on ETH)
🔹 BEP-20
Used on the BNB Smart Chain (BSC)
Cheaper and faster transactions
Examples: CAKE, BUSD, USDT (on BSC)
📌 So if you send a BEP-20 token to an ERC-20 wallet — it won’t work.
✅ Always check the network before sending or receiving tokens!
#TokenStandards #ERC20vsBEP20 #CryptoEducation #Lesson9
Not all tokens are created the same — they follow different standards depending on the blockchain they’re built on.
A token standard is like a rulebook.
It tells the blockchain how tokens should behave, move, and interact.
🔸 ERC-20
Used on the Ethereum network
Most popular for DeFi tokens
Examples: UNI, LINK, USDC (on ETH)
🔹 BEP-20
Used on the BNB Smart Chain (BSC)
Cheaper and faster transactions
Examples: CAKE, BUSD, USDT (on BSC)
📌 So if you send a BEP-20 token to an ERC-20 wallet — it won’t work.
✅ Always check the network before sending or receiving tokens!
#TokenStandards #ERC20vsBEP20 #CryptoEducation #Lesson9
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