BEP-20 is a token standard on the Binance Smart Chain (BSC), designed to extend the functionality of Ethereum's ERC-20 standard. It provides a set of guidelines for creating and managing tokens that are interoperable within the BSC ecosystem. BEP-20 tokens can represent a wide variety of assets, from stablecoins to utility tokens and more, and are used across numerous decentralized applications (dApps) and DeFi protocols on the Binance Smart Chain. The BEP-20 standard ensures that tokens can be easily transferred, spent, and managed, offering features such as minting, burning, and freezing of tokens. This standardization promotes ease of integration and compatibility within the BSC network, facilitating smooth and efficient token operations across its growing ecosystem.
