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I deployed an ERC20 smart contract, but I need to make some changes on it. How do I do that? Heard that it is not possible to do it, once the contract is deployed. An experienced developer must have an alternative available. Can anyone help?

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Indeed it is not currently possible to update a deployed smart contract. If you want to build "updatable" smart contracts in the future you could follow the pattern given in this answer Upgradeable smart contracts

Adil
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