Some are simple, such as name, while others, such as those discussed in the following section, are far more complicated. To give the name of your token, for example, include a line of code string public name = "MyToken" in your contract code. The full specification is referred to as a smart contract and is written in the Solidity programming language. Simply put, creating a BEP-20 token entails filling out all of the token's characteristics according to the BEP-20 specifications. What does it mean to create a BEP-20 token? So, you're all excited to make your BEP-20 token, but where do you start? Let's answer some of the important questions first: The BEP-20 tokens, after mint, could be used as a digital currency for a variety of projects, including payment of goods and community awards. Before using BSC to deploy your own token, you must first create a BEP-20 token. It can also process a greater number of transactions in a shorter amount of time.īSC is currently the fastest growing blockchain, attracting investors thanks to its low transaction costs and excellent speed. Binance Smart Chain (BSC) is a blockchain platform that uses similar technology to Ethereum but, thanks to a few tweaks, has significantly reduced transaction fees. A simple token exchange on the Ethereum network can cost as much as $10. Because of rising transaction volumes, Ethereum, the most widely used blockchain, is experiencing congestion, poor transaction rates, and high transaction costs. Without this transaction database, no one can trade or use your token properly. The blockchain serves as a distributed ledger for your token, recording all transactions in a verifiable manner. ![]() A cryptocurrency token must be deployed on a blockchain before it can be launched.
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