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Author: Admin | 2025-04-28
BSC tokens: Common Questions What is BSC?BSC (Binance Smart Chain) is a blockchain made to run on smart contracts, similar to Ethereum. The main purpose of BSC is to optimize fast trading and support the launch of Binance DEX. The original Binance Chain, while being fit for trading, turned out to be incapable of supporting a fully-fledged decentralized exchange. The key missing component was smart contracts, that allow to automate transactions. 'Why not use the already existing Ethereum blockchain for that?' - you might ask. The answer is congestion—a measure of how busy the network is at a given moment. Network overload leads to slower transactions and higher fees. The original Binance Chain was built to avoid congestion and did not have smart contracts. The Ethereum blockchain has smart contracts yet suffers from congestion. The BSC is meant to have the strengths of both and weaknesses of neither! For a more detailed explanation of how the BSC works, check out this article. What are BEP20 and BEP2 tokens?BEP stands for Binance Smart Chain Evolution Proposal. BEP20 tokens are the tokens that run on BSC (referred to as BSC tokens in this article). BEP2 tokens are the ones running on the original Binance Chain. If you have a token in your wallet and you are unsure if it's BEP2 or BEP20, you can figure it out by checking the token address. BEP2 tokens' addresses start with 'bnb' and will match your BNB address. BEP20 tokens' addresses start with '0x' and match your BSC BNB address. Are BSC tokens different from other cryptocurrencies? BSC tokens differ from other coins like BTC or ETH in the same manner as any tokens differ from main net coins. BSC tokens run on the BSC blockchain and they all have the same address. A single address
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