What is BEP20 used for?

BEP20 is the standard for creating tokens on BSC, or using Binance Smart Chain development . Tokens are a valuable component of any blockchain-based system, dApp, platform, or economy. They facilitate the movement of value and help track every activity on the blockchain.19 Eki 2021

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Is BEP20 a BSC?

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.

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