What are BEP-20 tokens?

BEP-20 is a special token standard on the BNB Smart Chain (BSC) designed to extend popular standards such as ERC-20 and BEP-2. Using the BEP-20 standard allows you to transfer tokens between different blockchains. The BEP-20 standard is highly flexible and developers choose it very often. Such tokens were specifically created for the decentralized finance industry.