BEP-20 is a technical standard used for creating and issuing tokens on the [[Binance Smart Chain (BSC)]] blockchain. It is the BSC equivalent of the [[Ethereum]]-based [[ERC-20]] token standard. Key features and characteristics of BEP-20 tokens: 1. Standardization: BEP-20 provides a common set of rules and guidelines for developers to create compatible and interoperable tokens on the Binance Smart Chain. 2. Token Creation: BEP-20 specifies the required functions and events that a token contract must implement, such as the ability to transfer tokens, approve spending, and query token balances. 3. Compatibility: BEP-20 tokens are designed to be compatible with existing wallets, exchanges, and other decentralized applications ([[dApp]]s) built on the Binance Smart Chain. 4. Fungibility: BEP-20 tokens are fungible, meaning each token is interchangeable and of equal value to any other token of the same type. 5. Scalability: The Binance Smart Chain, on which BEP-20 tokens are issued, is designed to be more scalable than the Ethereum network, enabling faster and cheaper token transactions. 6. Ecosystem Integration: BEP-20 tokens can be easily integrated into the broader Binance ecosystem, including the Binance DEX, Binance Chain, and Binance Wallet. Overall, the BEP-20 token standard provides a well-defined and widely-adopted framework for creating and managing tokens on the Binance Smart Chain, facilitating the development of a diverse range of decentralized applications and financial instruments.