What is BEP20 in Binance?

BEP20 is the token standard of Binance Smart Chain . … BEP20 sets rules that all tokens created on BSC need to follow. The BEP20 token standard on BSC applies to any token that is launched or created on Binance Smart Chain’s platform. Examples of such tokens are utility tokens, stablecoins, and security tokens.

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What is Binance smart chain network?

Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications . BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.

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