In April 2019, Binance launched Binance Chain, a network optimized for fast transactions, hosting the BNB token and allowing various token operations but lacking EVM compatibility and smart contract support. To address this, Binance also introduced Binance Smart Chain (BSC), an EVM-compatible network using a Proof of Staked Authority consensus algorithm that supports smart contracts, enabling developers to build decentralized applications (dApps). This dual-chain architecture, described by Binance as "CeDeFi" or "Centralized Decentralized Finance," combines centralized efficiency with decentralized application deployment. The tutorial explores setting up a development environment using tools like Brownie, a Python smart contract framework, to create and deploy smart contracts on a locally forked version of the Binance Smart Chain using Chainlink Price Feeds for tamper-proof data inputs. The guide includes instructions for deploying a smart contract locally and encourages participation in hackathons to further hone smart contract development skills.