What role do smart contracts play in Ethereum token development?

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Albert9489

Smart contracts are self-executing contracts with predefined rules written in code. In Ethereum token development, they serve as the backbone, automating transactions and ensuring compliance. Smart contracts handle token creation, transfers, and ownership verification, providing a secure and transparent framework. They eliminate the need for intermediaries, enhancing trust and efficiency in token-based transactions on the blockchain.

Read: https://www.blockchainappfacto...um-token-development

Tags: ethereumtoken, ethereumtokendevelopment, Ethereum

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