FAQs
Typically, blockchain developers are the ones creating smart contracts, using their expertise in coding languages and frameworks like blockchain. However, thanks to the wealth of resources available, anyone can become a developer and enter the world of writing smart contracts.
Is it possible to upgrade a smart contract once deployed? ›
Typically, smart contracts are unchangeable once deployed. This immutability builds trust among DeFi parties since even the contract's creator can't alter it. However, this also means they can't be updated, posing risks if security or other issues arise.
What are the top 10 smart contracts examples? ›
The top 10 best smart contract platforms in 2024 are Ethereum, Binance Smart Chain (BSC), TRON, Arbitrum, Cardano, Solana, Polygon, Algorand, Avalanche, and Tezos.
Can AI write smart contracts? ›
Developers can leverage machine learning algorithms and AI's analytical capabilities for optimization of the complete smart contract development lifecycle. AI-powered smart contracts can automate time-intensive tasks and minimize human errors, thereby improving efficiency and performance of smart contracts.
What is the latest version of OpenZeppelin? ›
OpenZeppelin Contracts 5.0 is the first major release of the Solidity library since 2021, allowing the team to modernize the library and improve efficiency while keeping state-of-the-art security practices.
Can you edit smart contracts? ›
Smart contracts are immutable, meaning that once they are deployed on the blockchain, they cannot be changed or deleted. This ensures that they are tamper-proof and reliable, but also limits their flexibility and adaptability.
What is storage gaps in OpenZeppelin? ›
Storage Gaps
This is empty reserved space in storage that is put in place in Upgrade Safe contracts. It allows us to freely add new state variables in the future without compromising the storage compatibility with existing deployments.
What does upgrade contract mean? ›
More Definitions of Upgrade Contract
Upgrade Contract means a contract in accordance with Section 6 for obtaining Upgrades. An Upgrade Contract is either concluded when purchasing a new Core Version license or by separate agreement for an already activated Core Version.
What is the difference between upgrade and new contract? ›
An upgrade is when you choose to renew your existing mobile contract with the same network provider. If you choose to switch network the industry classes this as a new connection.
What is the process for updating a smart contract? ›
If only the expiration time is being modified, then no signature is needed on this transaction other than for the account paying for the transaction itself. If any other smart contract entity property is being modified, the transaction must be signed by the admin key.
Smart contracts are immutable, meaning that once they are deployed on the blockchain, they cannot be changed or deleted. This ensures that they are tamper-proof and reliable, but also limits their flexibility and adaptability.
