What exactly is “smart” about smart contracts?
Once a contract is deployed, its code usually can’t be modified directly. However, many projects use proxy contracts to retain the ability to upgrade.
Code audits can uncover many vulnerabilities, but being audited doesn’t mean there are no vulnerabilities, nor does it mean the project team is trustworthy.
Deploying a contract on Ethereum requires $ETH to pay for gas. Currently, 2044.44.
If you’re unfamiliar with something, avoid taking a large position in it. It’s safer to try with a small amount.
#ETH
Once a contract is deployed, its code usually can’t be modified directly. However, many projects use proxy contracts to retain the ability to upgrade.
Code audits can uncover many vulnerabilities, but being audited doesn’t mean there are no vulnerabilities, nor does it mean the project team is trustworthy.
Deploying a contract on Ethereum requires $ETH to pay for gas. Currently, 2044.44.
If you’re unfamiliar with something, avoid taking a large position in it. It’s safer to try with a small amount.
#ETH