Understanding ERC-20 And BEP-20 Tokens' Differences The technical specification for fungible tokens produced on the Ethereum network is called ERC-20. In contrast to the well-known non-fungible tokens (NFTs), a fungible token can be exchanged for another token. Tokens with smart contracts that may be used with other goods and services can be created by developers using the ERC-20 standard. These tokens are a representation of anything that is not unique in and of itself but can be transferred, such as an asset, right, ownership, access, or cryptocurrency. A cryptocurrency token called BEP20 was created on the Binance Smart Chain Blockchain platform. As a result, it is termed the BEP20 token after its original blockchain technology, which is currently dominating the global market, particularly on the DeFi platform. In DeFi protocols like Uniswap, PancakeSwap, and others, the BEP20 token is utilized. For More, you Can Visit Our Website At LBMSOLUTIONS Which Is The Best Crypto Token Development company. https://lbmsolutions.in/difference-between-erc-20-and-bep-20-tokens/?utm_source=Neha+&utm_medium=+Cryptotoken