Difference between BEP-2, BEP-20 and ERC-20 standards
By definition, tokens are cryptocurrencies that are built using the existing blockchain. While many blockchains support the development of tokens, they all have a particular token standard by which a token is developed. For example, ERC20 token development is a standard of Ethereum Blockchain while BEP-2 and BEP-20 are the token standards of Binance Chain and Binance Smart Chain respectively. These standards define a common list of rules such as the process for transferring a token, how transactions will be approved, how users can access token data, and what the total token supply will be. In a nutshell, these standards provide all the necessary information about a token.