BEP-95 is a proposal for the Binance Chain, a high-performance blockchain platform developed by Binance, one of the world's largest cryptocurrency exchanges. BEP-95 defines a new token standard for the Binance Chain, known as the Multi-Collateral Binance Chain Token (MCB).
The MCB standard was created to allow for the issuance of tokens that are backed by multiple assets, as opposed to the traditional single-collateral tokens that were previously available on the Binance Chain. This allows for a greater degree of flexibility and diversity in the types of tokens that can be issued and traded on the Binance Chain.
BEP-95 specifies the requirements for creating, issuing, and trading MCB tokens on the Binance Chain. For example, it defines the minimum and maximum amounts of collateral that must be held in order to issue an MCB token, as well as the rules for adjusting the collateral ratio in response to market conditions.
The BEP-95 standard also includes provisions for the creation of decentralized exchanges (DEXs) that allow for the trading of MCB tokens. This enables users to trade MCB tokens in a secure, trustless manner, without the need for centralized intermediaries.

Magnet URI Scheme: The Magnet URI scheme is a standard for identifying and locating files using a URI (Uniform Resource Identifier) that includes cryptographic hash values of the file. This allows for decentralized distribution of files without the need for a central server or tracker.
Metalink: Metalink is a file format that includes metadata about a file, such as its hash values, size, and URLs for downloading the file from multiple sources. This allows for efficient and reliable downloading of large files from distributed sources.
IPFS: IPFS (InterPlanetary File System) is a distributed file system that uses content-addressing to identify and locate files. Similar to the Magnet URI scheme, IPFS uses cryptographic hash values to ensure the integrity and authenticity of files, and allows for decentralized distribution of files without the need for a central server or tracker.

BEP-95 can be compared to a set of standardized instructions for a puzzle. Just as a puzzle might come with standardized instructions on how to assemble the pieces, BEP-95 provides standardized instructions for creating and using tokens on the Binance Smart Chain. Just as different puzzles might have different numbers of pieces and different designs, different tokens on the Binance Smart Chain might have different information and properties. Just as a puzzle must be assembled correctly to be complete, tokens must be created and used correctly to function as intended, and BEP-95 provides the instructions needed to do so.