A lot of losses happen simply because people don’t understand these basics.
What exactly is “smart” about smart contracts?
Once a contract is deployed, its code generally can’t be changed directly. However, many projects use upgradeable proxy contracts to allow for upgrades.
Deploying a smart contract on Ethereum requires paying Gas: $ETH .
If you’re unfamiliar with something, it’s best to steer clear; practicing with small amounts is safer.
This is not investment advice. Don’t blindly copy it.
What exactly is “smart” about smart contracts?
Once a contract is deployed, its code generally can’t be changed directly. However, many projects use upgradeable proxy contracts to allow for upgrades.
Deploying a smart contract on Ethereum requires paying Gas: $ETH .
If you’re unfamiliar with something, it’s best to steer clear; practicing with small amounts is safer.
This is not investment advice. Don’t blindly copy it.