BEP2

BEP2, short for Binance Chain Evolution Proposal 2, is a token standard used on Binance Chain to issue and manage assets. It defines how assets on Binance Chain are represented and transferred, enabling the issuance, transfer, and burning of tokens on the chain without smart contracts.

Assets built under BEP2 have a name, a symbol, and a defined supply that can be fixed or adjustable at issuance. Each BEP2 token has an issuer account responsible for minting and burning according to the rules of Binance Chain. Transfers move unit balances between accounts using the network’s native transaction system. BEP2 tokens are native to Binance Chain and are not implemented as smart-contract assets; operations are handled by the chain’s built-in asset module.

Binance Chain, which uses BEP2, is separate from the Binance Smart Chain ecosystem, where BEP20 tokens operate and smart contracts are supported. BEP2 tokens are typically designed for fast, straightforward asset transfers on Binance Chain and can include tokens representing real-world assets or bridges to other chains in some setups.

In practice, BEP2 tokens can be used to represent a variety of assets within the Binance Chain ecosystem, including asset-backed tokens minted by issuers and traded on the network. The BEP2 framework is part of the broader asset issuance and transfer infrastructure that underpins Binance Chain, alongside governance and interoperability features. While BEP2 remains a foundational standard for Binance Chain, newer standards on related networks complement or supersede certain use cases where smart contracts and programmability are required.