Peterzion808 on Nostr: Is this accurate? From Google Translate: In 2015, Fabian Vogelsteller proposed the ...
Is this accurate?
From Google Translate:
In 2015, Fabian Vogelsteller proposed the ERC-20 token standard, which later became the main framework for developers to design various tokens such as virtual tokens, pledged tokens, and virtual currencies.
The ERC-20 token standard develops fungible (i.e. non-fungible) assets that follow common rules. So, if you create 1,000 ERC-20 tokens, each one serves the same function.
The BEP-20 standard is similar to the ERC-20. Note: But they belong to very different blockchain networks. The ERC-20 token standard applies to the Ethereum blockchain, while BEP-20 applies to the BNB Smart Chain (BSC).
From Google Translate:
In 2015, Fabian Vogelsteller proposed the ERC-20 token standard, which later became the main framework for developers to design various tokens such as virtual tokens, pledged tokens, and virtual currencies.
The ERC-20 token standard develops fungible (i.e. non-fungible) assets that follow common rules. So, if you create 1,000 ERC-20 tokens, each one serves the same function.
The BEP-20 standard is similar to the ERC-20. Note: But they belong to very different blockchain networks. The ERC-20 token standard applies to the Ethereum blockchain, while BEP-20 applies to the BNB Smart Chain (BSC).