BLOCKCHAINS and TOKENS – How do they work togeher? What are ERC-20 and BEP-2 Tokens?

Published on November 9, 2021

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BLOCKCHAINS and TOKENS – How do they work togeher? What are ERC-20 and BEP-2 Tokens?

In this video I explain how different tokens / assets / coins live on different chains. It explains what ERC-20 Token is, what a BEPP-2 Token, where they live, how Bitcoin fits in and how tokens can be moved from one asset to another.
This information will be required for some future videos I have planned.

Coins and Tokens are often used interchangeabily. Seehttps://coinguides.org/coin-token-the-difference/ for more detail.

#Ethereum #Bitcoin #Blockchain #Thorchian #Binance #GrassRoots Crypto #DeFi

Links used in the video
https://www.investopedia.com/terms/c/crypto-token.asp#:~:text=Crypto%20tokens%2C%20which%20are%20also,a%20substitute%20for%20other%20things
https://coinmarketcap.com/currencies/bitcoin/
https://coinmarketcap.com/currencies/ethereum/
https://en.wikipedia.org/wiki/Ethereum
https://eips.ethereum.org/EIPS/eip-20
https://eips.ethereum.org/erc
https://etherscan.io/tokens
https://medium.com/coinmonks/what-is-defi-pulse-22245edeea29
https://coinmarketcap.com/currencies/binance-coin/
https://academy.binance.com/en/glossary/bep-2
https://defipulse.com/
https://thorchain.org/
https://www.google.com/search?rlz=1C1CHBF_enAU821AU821&sxsrf=ALeKk01b70MvEBfdwTZ10TdC_J29Qhw1Kw:1609813884989&q=square+peg+round+hole+toy&tbm=isch&chips=q:square+peg+round+hole+toy,online_chips:wooden&usg=AI4_-kT1CXv4I5MnWKpiwCRtCijJ8Q2u_Q&sa=X&ved=2ahUKEwj4pZOG4IPuAhURXnwKHR7IAJgQgIoDKAB6BAgFEAc&biw=2560&bih=1272
https://defipulse.com/btc
https://info.uniswap.org/pair/0xbb2b8038a1640196fbe3e38816f3e67cba72d940
https://chaosnet.bepswap.com/pool/BTCB-1DE
https://medium.com/wanchain-foundation/how-safe-are-todays-wrapped-btc-bridges-b0f35a7b15e2

Music
Average – Patrick Patrikios Provided by Youtube
Moons – Patrick Patrikios Provided by Youtube
Ocean View – Patrick Patrikios Provided by Youtube
Find Your Way Beat – Nana Kwabena Provided by Youtube
Forget Me Not – Patrick Patrikios Provided by Youtube

NOTE: These are general concepts. Each system including BepSwapm and UniSwap have their own fee and incentive structure and specific details that you need to be aware of before using the system. The information is provided to understand the general concepts only and not meat to be a 100% accurate.

Disclaimer:
THIS IS NOT FINANCIAL, TAX OR LEGAL ADVICE. DO YOUR OWN RESEARCH, TAKE RESPONSIBILITY FOR YOUR OWN FINANCES AND DECISIONS.
This is videos are starting point for your learning. They are not mean to be fully comprehensive or provide all the facts. You are encouraged to review other information and make your own decisions. While effort is made to make the content accurate – it may not be accurate or its accuracy may change over time. The information provided are opinions based on publicly available information.

What Are Blockchains

What Are Blockchains, BLOCKCHAINS and TOKENS – How do they work togeher? What are ERC-20 and BEP-2 Tokens?.

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