Hello guys. Someone can explain what is the difference between ETH BEP2 and Ethereum on Trust wallet?
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BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance Chain. This standard defines a set of rules that tokens should follow to function in the Binance Chain ecosystem. A comparable token standard for issuing tokens on the Ethereum blockchain is ERC-20.
I can’t post the link but you can read the article on Binance Academy, just look for BEP-2.
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ETH BEP2 is pegged to the Binance Chain!
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Eth BEP2 it’s a token on Binance Chain. It’s not a “real” eth, it’s just reflecting current price of eth. You can use it to take profits from real eth price gains without disadvantage of slow and expensive transaction in eth network. It’s similar like tether or other stablecoins - it’s not a real dollar, but it’s reflecting it’s price.
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ETH BEP2 is a token on Binance Chain pegged to native Ethereum.
On Trust wallet app, ETH cannot be converted to BNB because they are separate blockchains.
These pegged tokens follow the BEP2 format and therefore are supported by trust wallet where they can be held and transacted.
You can swap ETH BEP2 to ETH on Binance(dot)com…just by depositing them to the exchange.
I really hope this is helpful
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