The new blockchain was designed to be compatible with the Ethereum Virtual Machine (EVM), Ethereum’s platform for developing smart contracts. BEP20 is the token standard used by BSC, and is a versatile standard designed to be compatible with both BEP2 and Ethereum’s ERC20 .
Read moreWhat is XRP BEP20?
BEP20 is a developer-friendly token standard that allows anyone to deploy fungible digital currencies or tokens on Binance Smart Chain . What’s more, leading digital assets on other chains can be ported onto Binance Smart Chain in the form of pegged BEP20 tokens.
Read moreIs Ethereum BEP20 or ERC-20?
BEP20 is tokens run on the binance chain while ERC20 tokens are run on the ethereum chain . Both function and operate very similar infact binance tokens were initially released as an ERC token using the ether chain.
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