BEP-20 tokens are a token standard on the BNB Chain, derived from the ERC-20 framework, allowing for interchangeable tokens similar to fiat currency. The BNB Chain, created from a hard fork of the Go Ethereum protocol, uses a Proof of Staked Authority (PoSA) consensus mechanism with 21 validators supported by BNB holders. This network is EVM-compatible, enabling the deployment of Ethereum contracts and offering advantages such as faster and cheaper transactions. Assets can be bridged from Ethereum to the BNB Chain using Binance Bridge, which securely transfers assets by creating a BEP-20 version on the BNB Chain. Developing on the BNB Chain requires standard EVM-compatible tools, such as Remix for Solidity coding, Brave Wallet for transactions, and OpenZeppelin for secure contracts. The tutorial outlines the steps to create a BEP-20 token, BSCCoin, using OpenZeppelin's ERC-20 contract, and deploy it on the BNB Chain testnet, emphasizing the ease of developing on EVM-compatible networks and opening possibilities for further DeFi integrations and token functionalities.