In General Discussions
Jun 07, 2022
The BEP-20 token standard is applied to token mint the Binance Smart Chain, Binance's faster and cheaper blockchain that is based on the Ethereum blockchain. This is an intentional match-up of the BEP-20 on the BSC, which replicates the ERC-20 functionality, governs all other tokens' creation on the blockchain, tokenomics, and operations. Binance's traditional blockchain uses the BEP-2 standard in the same way. The three standards are all compatible due to having similar specifications.