What is BEP20 BSC network?

BEP20 is a Binance token standard which allows users to deploy fungible tokens or cryptocurrencies on BSC . More specifically, leading crypto assets on other chains can be transferred to the Binance smart chain in the form of pegged BEP20 tokens. Creating a token on the bsc platform is surpassingly easy.

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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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