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As the heading says, is it mandatory to do a full sync for token creation and contract deployment?

I have downloaded the etherelum wallet and geth, and right now it is syncing as I write this post. But is it necessary to achieve all the features in the wallet?

What are the disadvantages of a lightly synced wallet (syncmode=light)?

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You can deploy contracts directly from myetherwallet.com without having to download the Mist/Ethereum wallet.

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