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Want to Speak Crypto?
ATAIX glossary all you need to know.
Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
B
- Bag
- Bagholder
- Bank Secrecy Act (BSA)
- Banking as a Service (BaaS)
- Beacon Chain
- Bear
- Bear Trap
- Bearwhale
- Benchmark
- BEP-2 (Binance Chain Tokenization Standard)
- BEP-20
- Bid Price
- Bid-Ask Spread
- Binance Labs
- Bitcoin Pizza
- Bitcoiner
- Bitcointalk
- BitLicense
- BitPay
- Blockchain
- Blockchain Trilemma
- Brian Armstrong
- Bull
- Bull Trap
- Bull vs Bear Crypto Market
What is a BEP-20?
The BEP-20 token standard was designed to be compatible with the ERC-20 standard and offers several benefits beyond that. For example, the BEP-20 standard defines how tokens can be spent and specifies rules about who can spend them. This makes it easier for businesses and individuals to use tokens within their operations. Additionally, the BEP-20 code is based on the ERC-20 code, which means that developers already familiar with the ERC-20 standard will find it easy to work with BEP-20 tokens. As a result, using BEP-20 tokens is an excellent way to use blockchain technology.
BEP-20 was designed to improve the speed and reduce the costs of transactions while also being flexible enough to allow for different tokens to be created and used. This makes it an ideal format for the Binance Smart Chain, which can be used to develop stablecoins and other tokens representing assets like shares in a business.
The Binance Smart Chain offers the ability to create native assets as BEP-20 tokens. This includes the ability to peg tokens from other blockchains, making them usable on the Binance Smart Chain.
Creating a BSC token is easy and conforms to the standard known as BEP-20. This standard provides basic functionality for the token, such as transferring, returning a balance, viewing token ownership, etc.