BNB Chain resulted from a merger of Binance Chain and BNB Smart Chain. The company now faces multiple legal and regulatory issues.
just like ERC20 for creating tokens on Ethereum. It is a critical tool for facilitating smart contract development on the Binance Smart Chain. We shall arrive at a detailed discussion on ‘what is BEP20’ later. For now, you must note that BEP stands for “Binance Smart Chain Evolution Pr...
The first is the Binance Evolution Proposal (BEP)-95 burning mechanism. Through BEP-95, BNB is burned in real-time by burning a portion of the gas fees spent on BSC. Since the 2021 upgrade of the BNB Smart Chain, BEP-95 has continued to burn around 860 BNB daily. Binance CEO Changpen...
Wrapped BNB Wrapped BNB (WBNB) is a tokenized version ofBNBthat conforms to the BEP20 standard. Consequently, you can use wrapped BNB on the Binance Smart Chain (BSC) and not BNB. WBNB can be traded directly with alt tokens on the Binance Smart Chain. Wrapped BNB also extended to ERC...
Rather than depending on traditional buyers and sellers in a market, Automated Market Maker use liquidity pools to make the DeFi ecosystem liquid high all the time.
most of which are called ERC-20 tokens. BSC’s native token is BNB, and its platforms can use other tokens on the network (most called BEP-20 tokens). BSC is still cheaper to send transactions, but at the time of writing, Ethereum gas fees have dropped since DeFi became so popular....
The dictionary scammer’s entire rug pull process is visible on the blockchain. The typical steps in this process are: The scammer deploys the scam token The scammer pairs either Ether (ETH) or Binance Coin (BNB) with this token in a Uniswap or PancakeSwap liquidity pool ...
Introducing MOBOX, a vibrant gaming platform on BNB Smart Chain
Instead of buying CAKE outright, it's more common to trade for it using another BEP20 token. The best option is BNB, which you can find on Binance.US. After you buy BNB, transfer it to a crypto wallet, connect your wallet to PancakeSwap, and swap your BNB for CAKE. It's a little...
Binance also has created a side chain that runs alongside the Binance Chain called the Binance Smart Chain. This chain is compatible with ERC-20 tokens, the Ethereum Virtual Machine, and the Binance Chain; however, it uses a newer standard called BEP-20, which creates cross-chain compatibility...