The tokens you see on BNB Chain basically all follow the BEP-20 standard. Simply put, it’s the “translated version” of Ethereum’s ERC-20 standard on BSC.
Core Mechanism
BEP-20 allows developers to issue various digital assets on BSC. These tokens support transfers, holding, and interactions. Gas fees for transfers are paid in BNB, just like ETH is used for gas on Ethereum.
Cross-Chain Compatibility
The key advantage of BEP-20 is its strong compatibility:
Can bridge Ethereum ERC-20 tokens
Can convert Binance Chain BEP-2 tokens
Allows users to flexibly move assets across different ecosystems
That’s why the BSC ecosystem is so vibrant—developers have full freedom to issue assets, and users can easily conduct cross-chain operations.
Risk Warning: Token investment carries risks. Be cautious and verify addresses carefully when using cross-chain bridges to prevent asset loss.
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BEP-20 Token Standard: The Passport of the BSC Ecosystem
The tokens you see on BNB Chain basically all follow the BEP-20 standard. Simply put, it’s the “translated version” of Ethereum’s ERC-20 standard on BSC.
Core Mechanism
BEP-20 allows developers to issue various digital assets on BSC. These tokens support transfers, holding, and interactions. Gas fees for transfers are paid in BNB, just like ETH is used for gas on Ethereum.
Cross-Chain Compatibility
The key advantage of BEP-20 is its strong compatibility:
That’s why the BSC ecosystem is so vibrant—developers have full freedom to issue assets, and users can easily conduct cross-chain operations.
Risk Warning: Token investment carries risks. Be cautious and verify addresses carefully when using cross-chain bridges to prevent asset loss.