Which token standard, BEP2 or ERC20, is more widely adopted by the cryptocurrency community?

3 answers

• DFGH HUGHESOct 09, 2022 · 3 years ago
  From my observation, ERC20 is currently the more widely adopted token standard in the cryptocurrency community. It has been around for a longer time and has gained significant popularity due to its compatibility with the Ethereum blockchain. Many cryptocurrency projects choose ERC20 tokens because of the large developer community and the availability of various tools and resources to support ERC20 tokens. However, BEP2 is also gaining traction, especially within the Binance ecosystem. Binance, one of the largest cryptocurrency exchanges, has introduced the BEP2 token standard, which has been adopted by several projects listed on the Binance platform. So while ERC20 is more widely adopted overall, BEP2 is gaining prominence within the Binance community.
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• JAYASHRI MATHEWMar 11, 2022 · 3 years ago
  When it comes to token standards, there's no clear winner between BEP2 and ERC20 in terms of wider adoption. Both standards have their own advantages and are widely used in different contexts. ERC20, being the token standard for the Ethereum blockchain, has a larger user base and a more established ecosystem. Many decentralized applications (dApps) and projects are built on the Ethereum platform, which naturally leads to a higher adoption of ERC20 tokens. On the other hand, BEP2, introduced by Binance, has gained popularity within the Binance community and is being adopted by projects listed on the Binance exchange. So, the choice between BEP2 and ERC20 depends on the specific requirements and goals of a project or community.
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• Jesús Caleb Oria BastosNov 05, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can confidently say that ERC20 is the most widely adopted token standard in the cryptocurrency community. It has become the de facto standard for creating and managing tokens on the Ethereum blockchain. ERC20 tokens are supported by a vast number of wallets, exchanges, and other infrastructure providers, making them easily tradable and accessible to users. While BEP2 has gained some traction within the Binance ecosystem, it is still not as widely adopted as ERC20. However, it's worth noting that the choice between BEP2 and ERC20 depends on the specific needs and preferences of projects and users. Some projects may prefer BEP2 for its integration with Binance services, while others may opt for ERC20 due to its broader compatibility and established ecosystem.
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