What is BEP2?

BEP2 stands for Binance Chain Evolution Proposal2 , a technical standard for creating and using new tokens in Binance Chain. The purpose of BEP2 is to establish a set of specific rules for the operation of tickets in the Binance Chain platform.

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Is BEP20 the same as ERC20?

BEP-20 Token Standard BEP-20 was created as an extension of the ERC-20 and, therefore, inherits all the ERC20 features . BEP-20 is the primary token standard for the Binance Smart Chain, i.e. all tokens on the BSC are automatically based on the BEP-20 standard.

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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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