BEP-95 Key Points
- BEP-95 is a token standard on the Binance Smart Chain (BSC).
- It is an upgrade from the previous BEP-20 token standard.
- This standard incorporates the ability to burn tokens from any holder’s address.
- It is designed to enable more flexibility and control over token supply.
- It is used by developers to create digital assets on the BSC network.
BEP-95 Definition
BEP-95 is an enhanced token standard proposed on the Binance Smart Chain (BSC). This standard allows a token contract owner to burn tokens from any holder’s address, providing more flexibility and control over token supply. It is a variant of the BEP-20 token standard and is used to create digital assets on the Binance Smart Chain.
What is BEP-95?
BEP-95 is a token standard developed for the Binance Smart Chain. It is designed to provide developers with the ability to create more flexible and controllable digital assets.
This standard is an upgrade from the previous BEP-20 standard, incorporating new features that allow for the burning of tokens from any holder’s address.
Who uses BEP-95?
BEP-95 is primarily used by developers creating digital assets on the Binance Smart Chain. It provides them with the tools and functionality required to build tokens with more flexibility and control over the token’s supply.
When was BEP-95 introduced?
The exact date of BEP-95’s introduction is not specified, but it was proposed as an enhancement to the BEP-20 token standard, which has been in use since the inception of the Binance Smart Chain.
Where is BEP-95 used?
BEP-95 is used on the Binance Smart Chain, a blockchain network developed by Binance. This network is known for its high performance and low transaction costs, making it a popular choice for developers creating decentralized applications and digital assets.
Why is BEP-95 important?
BEP-95 is important because it provides developers with more control over their tokens. The ability to burn tokens from any holder’s address allows for better management of a token’s supply, which can be crucial for maintaining a token’s value and stability.
How does BEP-95 work?
BEP-95 works by allowing the token contract owner to burn tokens from any holder’s address. This is done through a specific function in the token’s smart contract. Upon execution, the specified amount of tokens is removed from the holder’s address and the total supply of the token is reduced accordingly.
This feature provides the token owner with more control over the token’s supply, potentially helping to maintain its value and stability.
