1.2.1 LEP100 vs. ERC-20, ERC1155 & BEP-20

LEP100 and ERC-20 token standards have many similarities. LEP100 is an extended Version of the ERC20 and ERC-1155 standard and has similar functions for providing Foundational elements, such as token issuance, token transfer, and ownership.

Lithosphere has recently introduced a cross-chain bridging service called the Litho Bridge, which provides interoperability between different blockchains. The Project currently supports cross chain transfers for BEP-20, ERC-20, ERC1155, and TRC-20 tokens.

With Litho Bridge, you can convert your native crypto assets to LEP100 tokens.

Let's discuss this with the following example: If you're transferring ERC-20 Stablecoin to Lithosphere, Litho Bridge will do the cross-chain conversion, from the ERC-20 to LEP100 tokens, which can be used on either Lithosphere or dapps running On the Lithosphere network.

Litho Bridge charges no conversion fees at all, and you only have to pay the network Fees of the blockchain associated with the transaction. You have to be patient for a while, waiting for conversion because it takes a few minutes.

This conversion process from the native blockchain (ERC-20, ERC1155, BEP-20) To LEP100 is called Peg-in. This conversion also works opposite (called Peg-out), i.e., Converting back from LEP100 to the native blockchain (ERC-20, ERC1155, BEP-20). A Compatible wallet such as Thanes wallet or Meta Mask is needed to complete the Peg-in and Peg-out process.