What is BNB Chain BEP20 Standard?

BEP20 is a token standard that is used on the BNB Chain. It is similar to the ERC20 token standard used on the Ethereum blockchain, but BEP20 tokens are specifically designed to be used on the BSC. Like ERC20 tokens, BEP20 tokens are smart contracts that can be created and managed using the BNB Chain. They usually have a fixed supply and can be traded on cryptocurrency exchanges or used in other applications. One key difference between BEP20 and ERC20…