Cryptocurrency Basics: Smart Contracts
· In 2016, The DAO contract was attacked due to a code vulnerability. Ethereum subsequently underwent a hard fork, and the chain that did not follow the fork became Ethereum Classic (ETC).
· A smart contract is a set of programs stored on a blockchain. Once the specified conditions are met, nodes across the network automatically execute it according to the rules.
Deploying smart contracts on Ethereum requires paying Gas with $ETH . Currently: 2428.6.
· In 2016, The DAO contract was attacked due to a code vulnerability. Ethereum subsequently underwent a hard fork, and the chain that did not follow the fork became Ethereum Classic (ETC).
· A smart contract is a set of programs stored on a blockchain. Once the specified conditions are met, nodes across the network automatically execute it according to the rules.
Deploying smart contracts on Ethereum requires paying Gas with $ETH . Currently: 2428.6.