Token development is one of the basic and important things in the development of Blockchain. Many companies and people create their tokens and publish them for various reasons.
For most people, the well-known ERC 20 standard is based on Ethereum Blockchain.But, there are some other players also present in this game.
TRC 20 and BEP 20. They are similar to ERC 20 and let's see the differences between these three standards.
ERC 20 (Ethereum Request Command 20)
TRC 20 (Tron Request Command 20)
BEP 20 (Binance Smart Chain Evolution Proposal)
Similarities of Token standards:
These three tokens are created in a common programmed language called SOLIDITY.
These three token standards are used to create tokens like Shiba Inu, Pancakeswap, BitTorrent (BTTC), and more.
Each Token standard are based on its own blockchain:
ERC 20 based on Ethereum
TRC 20 based on Tron
BEP 20 based on Binance Smart Chain [Hint: BEP 20 is based on BSC, not Binance chain, both are different]*
