Are BSC and BEP20 the same?

Are BSC and BEP20 indeed one and the same, or do they serve distinct purposes within the world of cryptocurrency? It's a question that's been on the minds of many investors and enthusiasts alike, as the two terms are often mentioned in the same breath. Could you clarify the relationship between BSC, or Binance Smart Chain, and BEP20, the token standard it utilizes? Understanding the distinction, if any, between these two entities is crucial for navigating the ever-evolving landscape of digital assets.