What is another name for BEP20?

Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive range of services. BTCC offers a variety of trading options, including spot and futures trading, catering to the diverse needs of its users.

The BEP-20 token standard is an extension of ERC-20, which is widely regarded as the most common Ethereum token standard. This extension builds upon the foundation laid by ERC-20 and introduces additional features tailored for the Binance Smart Chain (BSC).

In addition to trading services, BTCC also provides a secure and reliable wallet for storing crypto assets. This wallet is designed to ensure the safety and security of users' funds, giving them peace of mind when transacting on the platform. With its spot, futures, and wallet services, BTCC has established itself as a one-stop-shop for all cryptocurrency needs.

BEP-20 is specifically designed to represent a diverse array of crypto assets on the BSC. This makes it an essential component of the Binance ecosystem, enabling developers to create and issue tokens that are compatible with the Binance Smart Chain.

The acronym BEP stands for Binance Smart Chain Evolution Proposal. This name reflects the standard's role in driving the evolution and development of the Binance Smart Chain. By introducing BEP-20, Binance has demonstrated its commitment to innovation and progress within the blockchain industry.