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How Are BEP 20 Tokens Developed

vishakha verma12925 Nov 2022 Technology

“Binance” is a word derived from “Binance Smart Chain” which specifies the team responsible for the Binance’s leading exchange who must be appreciated for bringing such an incredible chain to life. This chain might not be as decentralized as we expect it to be, but as per the blockchain trilemma, you can enhance its scalability and security by sacrificing decentralization.

Even if you are unfamiliar with blockchain technology, let's take a quick look at how are BEP 20 tokens developed

In a systematic way, building BEP 20 tokens go through 5 main Stages:

  1. Get A Node

  2. Install Custom RCP

  3. Gather Your BNB

  4. Create BEP-20 Token

  5. Deploy Smart Contract

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