BEP-20 is a Binance Smart Chain token standard created with the intention of extending ERC-20, which is one of the most common Ethereum token standards out there. BEP-20 is a blueprint as to how a token can be spent, who can spend it, and it even has rules about its overall usage.

Is ETH ERC20 or BEP2?

What is BEP20? The new blockchain was designed to be compatible with the Ethereum Virtual Machine (EVM), Ethereum's platform for developing smart contracts. BEP20 is the token standard used by BSC, and is a versatile standard designed to be compatible with both BEP2 and Ethereum's ERC20.

What are the BEP-20 tokens?

BEP-20 is the token standard for the Binance Smart Chain(BSC) and is an extension of Ethereum's ERC-20. Token standards help ensure smart contracts remain composable, so for instance when a new project issues a token, that it remains compatible with existing decentralized exchanges.