What does the contract address of the currency circle mean?
Smart contract address is the unique identifier of the smart contract code on the blockchain and is used to identify the contract, interact with the contract, track transactions and verify assets. The contract address is automatically generated when creating a smart contract and is based on the hash of the contract code. It is unchangeable and varies from blockchain platform to blockchain platform.
Contract Address:
A contract address is a unique identifier on the blockchain used to identify where a specific smart contract code is stored.
The role of the contract address:
- Identifying the contract: The contract address is used to identify smart contracts, similar to the physical address identifying a building.
- Interaction: Users can use the contract address to interact with the contract, such as calling contract functions or sending transactions.
- Track transactions: Contract addresses can be used to track contract-related transaction records on the blockchain browser.
- Verify Assets: Some tokens and NFTs are associated with smart contracts, and their authenticity and ownership can be verified through the contract address.
Create contract address:
The contract address is automatically generated by the blockchain when creating a smart contract, based on the hash value of the contract code, so each contract has a unique address.
Note:
- The contract address cannot be changed. Once the contract is deployed to the blockchain, its address is determined.
- The authenticity of the contract address should always be verified to prevent fraudsters from creating fake contracts to steal funds or assets.
- Different blockchain platforms have their own contract address formats. For example, Ethereum contract addresses start with 0x, while Bitcoin contract addresses start with bc1.
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