BEP-20 is the token general of the Binance Smart Chain (BSC). The Binance Smart Chain is one of the programmable blockchain with the support for EVM compatibility and smart contracts. This makes for construct up decentralized applications. Binance Smart Chain is a latest development that benefits its users with a rich and grows up digital asset ecosystem like never seen before in the decentralized exchange spectrum.
To interact with the Binance smart chain blockchain, a token based on the BEP-20 Token standard, BNB, is required to pay for transactions, simply like Ether is used to pay for fuel cost in the Ethereum blockchain. In fact, the BEP-20 token standard is an extension of the ERC–20 standard on Ethereum. This makes it possible to building up decentralized apps on the Binance Smart Chain using current Ethereum tooling.
Features of BEP20 Token Development:
- No Intermediaries
- Smart Contract
- Dual Chain Architecture
- Cross-chain Compatible
Using Binance Smart Chain, anyone can launch and create their digital token. Developing a BEP-20 token on Binance Smart Chain is pretty a easy task. BEP-20 token standard, install it to the Binance Smart Chain testnet the usage of Remix, verify the token source code on BscScan, and, finally, import the deployed token into MetaMask.
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