Perhaps the best metaphor for a smart contract is a vending machine, as described by Nick Szabo. With the right inputs, a certain output is guaranteed. To get a snack from a vending machine: This logic is programmed into the vending machine. A smart contract, like a vending machine, has logic programmed into it.
What is a smart contract address?
There are two types of addresses a smart contract can be referenced by in the system: ➡ Smart Contract EVM Address ➡ Smart Contract ID The standard smart contract EVM address is the address that is compatible with EVM. The EVM contract address is returned by the system once the contract is deployed.
How to create a smart contract address in Ethereum?
There is two method to create a smart contract address in Ethereum. Each smart contract identifies in the blockchain by its address. This address is a long series of numbers and characters. It starts with 0xba… But the question is how this 0xba is computed. Smart contract code deployed on the blockchain it is part of the transaction.
