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BEP20 token development - an Overview!
BEP20 token development - Everyone in the crypto space might be aware of it because of the popularity the Binance attains since its inception. The crypto tokens created on the Binance smart chain are widely used for financial transactions, trading, and various purposes based on the business requirement. BEP20 token took the immeasurable place in the market that we are going to discuss in this blog. So, What is BEP20 Token? BEP20 is a token standard used to create the crypto token on the Binance Smart Chain. The main purpose of this token standard is to create a smart contract over the Binance Smart Chain. This also helps to create the decentralized application (dapps) and other features. It is supported by the Trust Wallet. And transactions are fast compared to other standard tokens in the market. In binance smart chain, the token can be easily converted into a Non-fungible token. Because BEP20 tokens were introduced when NFT where introduced. The ultimate goal of the BEP20 token standard is to provide a flexible structure for blockchain developers to create and deploy the bulk of crypto tokens on the Binance Smart Chain platform. The functionality of BEP20 tokens 1/2
