# Why do we need BEP-20 Token and What is the Ultimate Solution? Binance Smart Chain (BSC) is a fast and low cost blockchain running on Ethereum’s standards. Ethereum is the industry-standard for crypto projects and will stay that way. This is because EVM contracts The BEP-20 token standard is similar to Ethereum ERC20 token standard. Just as Ethereum tokens, BEP-20 tokens also work on the Ethereum Virtual Machine (EVM) and developers can easily build scalable projects. When you create a BEP20 token, you can easily scale it to other blockchains and achieve cross-chain functionality. If you have an idea for a broad spectrum of users, then BEP20 token development is your best bet to success. The higher transaction speeds and lower transaction costs of the BSC networks allow users of all walks of life to use your tokens easily. BEP-20 tokens are smart contracts that can reside on the Binance Smart Chain (BSC) blockchain network. They are compatible with Ethereum’s EVM and can be deployed using the Remix IDE or a framework such as Truffle. Whilz is the only solution because it is set to revolutionise the crypto world by providing the fusion of cryptocurrency and technology, which is user-friendly to establish an unbreakable bond between people only. It is very easy to use just like PayPal and, above all, no commission. Sounds interesting, right? In this case, I will indicate you the benefits of using WIZ Coin. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whilz.gitbook.io/whilz-whitepaper/why-do-we-need-bep-20-token-and-what-is-the-ultimate-solution.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.