BEP-20 is a token standard commonly used for fungible tokens on BNB Smart Chain.
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Short definition
BEP-20 is bEP-20 is a token standard commonly used for fungible tokens on BNB Smart Chain.
Simple explanation
BEP-20 is similar in many ways to ERC-20 but is used on BNB Chain.
Why it matters
Users need to know the correct token standard and network before sending, adding, or swapping tokens.
Example context
A token on BNB Smart Chain may appear as a BEP-20 token in wallets and explorers.