📌 Today's key insight: Upgradeable contracts
When upgrading, an account with upgrade permissions changes the proxy contract to point to a new logic contract. The address users interact with stays the same, but the logic being executed changes.
Before depositing funds, check a block explorer to see whether the contract is a proxy, which address has upgrade privileges, and whether there's a timelock.
Don't place an order just because everyone around you is buying.
Market update: $ETH current price 2227.11 (24h -8.18%).
#ETH
When upgrading, an account with upgrade permissions changes the proxy contract to point to a new logic contract. The address users interact with stays the same, but the logic being executed changes.
Before depositing funds, check a block explorer to see whether the contract is a proxy, which address has upgrade privileges, and whether there's a timelock.
Don't place an order just because everyone around you is buying.
Market update: $ETH current price 2227.11 (24h -8.18%).
#ETH
