Imagine an improved recipe for tokens, inspired by another popular recipe. BEP-20 is another token standard on the Binance Chain, but it's actually an improvement over an existing standard called ERC-20, which is used on the Ethereum blockchain. BEP-20 offers similar functionalities as ERC-20, but it aims to be faster and cheaper to use. So, think of it as a more efficient way to create tokens that can interact with the Binance Chain network.
