Cryptocurrency Basics | What Exactly Is a Smart Contract?
Most contracts on Ethereum are written in Solidity, compiled into bytecode, and then deployed on the blockchain, where they run in the Ethereum Virtual Machine (EVM).
“Smart” doesn’t mean the contract can think. It means that once the rules are written as code, they can execute automatically without an intermediary overseeing them.
Deploying a smart contract on Ethereum requires $ETH to pay for gas. Currently, 2509.1.
Understand the principles before getting started, and don’t place an order on impulse.
The above is compiled from public information. Please verify it yourself.
Most contracts on Ethereum are written in Solidity, compiled into bytecode, and then deployed on the blockchain, where they run in the Ethereum Virtual Machine (EVM).
“Smart” doesn’t mean the contract can think. It means that once the rules are written as code, they can execute automatically without an intermediary overseeing them.
Deploying a smart contract on Ethereum requires $ETH to pay for gas. Currently, 2509.1.
Understand the principles before getting started, and don’t place an order on impulse.
The above is compiled from public information. Please verify it yourself.