We can observe that many tokens exist on multiple blockchains, such as USDT and SHIB, which are present on both Ethereum and BSC chains, with their prices remaining largely consistent. How is this achieved?
There are two methods to create tokens across multiple blockchains:
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Method 1: First, create the token on one blockchain, then gradually expand to other chains. Tokens on different blockchains are connected via cross-chain bridges.
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Features: Token contract addresses differ across chains, and there is no total supply cap.
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Method 2: Deploy token contracts simultaneously on multiple blockchains (e.g., Ethereum, Base, BSC), ensuring all token contract addresses are identical. Tokens on different chains are connected via cross-chain bridges.
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Features: The total combined supply across all blockchains must remain consistent, and token contract addresses are the same on every chain.
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Key Differences:
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Tokens created via Method 1 have distinct contract addresses on different chains and no fixed total supply.
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Tokens created via Method 2 enforce a consistent total supply across all chains and use identical contract addresses.