ERC-20, FRC-20, BEP-2 Fantom
FRC-20 is the native Fantom assets protocol. It is very similar to the ERC-20 protocol running on the Ethereum network. Digital assets and tokens can be created and managed on the Fantom FRC-20 protocol. FRC-20 tokens are Fantom blockchain-based assets that have value and can be sent and received.
This is the same token as the FRC-20 Fantom. ERC-20 emerged as the technical standard used for all smart contracts on the EVM compatible blockchains for token implementation. ERC-20 Fantom can be freely bought, swapped, exchanged, and bridged to back to the Fantom Mainnet.
You can convert ERC-20 Fantom into Mainnet Fantom at no cost here - https://coinspot.com.au/ will let you deposit FTM from any network and withdraw to Mainnet!
BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance Chain. Binance uses pegged tokens that 1:1 with the original token. For example Fantom (ERC-20) token is pegged at 1:1 ratio with Fantom (BEP-2) token. With these pegged tokens Binance can even has tokenized versions of Bitcoin, Ethereum, Litecoin and etc.
How to bridge your Fantom
Why does this matter to me?
On other networks Fantom $FTM is just a token to trade, but on the Fantom Mainnet it can be staked, used for on-chain governance, and interact with DeFi. To truly enjoy the full potential of Fantom, it recommended that you use it on its native network.
Fantom has native dAPPs within its built in wallet. It is here where you can stake your FTM, vote on proposals, and use DeFi without ever leaving the official wallet. And with that I segue into our next guide Native DeFi on Fantom.