BEP-20 is a Binance Smart Chain token standard that was designed with the goal of expanding ERC-20, one of the most widely used Ethereum token standards. BEP-20 is a blueprint for how a token can be used, who can spend it, and how it should be used in general. It's surprisingly simple to make a BSC token. These tokens follow the BEP20 standard, which is comparable to the ERC20 standard used by Ethereum. The token standard ensures that the token has fundamental functions, such as transferring funds, returning a balance, and viewing token ownership, among other things. The BEP20 API can be found here. It's worth noting that BSC tokens can be exchanged for "ordinary" Binance Chain tokens that follow their own BEP2 standard.
BEP-20 is a Binance Smart Chain token standard that builds on the ERC-20 Ethereum token standard. It serves as a template for tokens, describing how they can be used, who can spend them, and other restrictions on their use. Due to its commonalities, it is compatible with both the Binance Chain-powered BEP-2 and the Ethereum-enabled ERC-20.