Is 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.

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 .

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.