I'm trying to understand the difference between a smart contract and a contract address. I know they are related, but what exactly distinguishes one from the other? How do they function together in the blockchain ecosystem?
6
answers
MysticEchoFirefly
Tue Feb 11 2025
The contract address plays a crucial role in identifying a deployed smart contract on the blockchain.
Lucia
Tue Feb 11 2025
This unique identifier ensures that each smart contract can be accurately distinguished from others.
Caterina
Tue Feb 11 2025
Smart contracts represent a revolutionary concept in the blockchain industry.
PhoenixRising
Tue Feb 11 2025
They are essentially self-executing agreements that operate based on predefined rules.
Bianca
Tue Feb 11 2025
These agreements automatically execute specific actions once predetermined conditions are met.