# Why $Martell Is a BEP-20 Token?

The invention of Ethereum was revolutionary to the blockchain ecosystem as a whole, as for the first time ever people gained a way to launch their own tokens and smart contracts. For years, the Ethereum network was the default place for launching innovative blockchain-based projects.

However, the increasing popularity of cryptocurrencies, and the advent of decentralized finance (DeFi) solutions specifically, has caused massive problems with the efficiency of the Ethereum blockchain.

The transaction times and fees on the Ethereum network has become so high that many crypto enthusiasts stopped using ETH altogether, and blockchain developers started to look for a better alternative. That’s what led to the creation of Binance Smart Chain.


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