Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ether is a cryptocurrency generated by the Ethereum platform and used to compensate mining nodes for computations performed.
[3] Each Ethereum account has an address, and transactions sent to or from an address are processed by the Ethereum network. Addresses can be created offline.[4].
NOTE: Warning: Ethereum does not have a contract address. Ethereum contracts are deployed to the Ethereum blockchain and stored in a unique address, however, this address is not a contract address but rather an account address. It is important to understand the difference between an account address and a contract address when engaging with Ethereum contracts.
Contract addresses are derived from the sender and recipient’s public keys and the nonce.[5] The sender’s public key is used to identify them on the blockchain, and the recipient’s public key is used to identify the specific contract they would like to interact with.
The nonce is a number that increments with each transaction, ensuring that each transaction has a unique hash.
The contract address is generated by taking the keccak-256 hash of the concatenation of the sender’s address, the recipient’s address, and the nonce.[6] This gives each contract address a deterministic relationship to a specific user’s addresses and allows for easy verification of who sent or received ETH to/from a given contract address.
To answer your question: Yes, Ethereum does have contract addresses. These addresses are generated deterministically from the sender and recipient’s public keys and the nonce associated with each transaction.
5 Related Question Answers Found
Yes, Ethereum has smart contracts. A smart contract is a computer protocol that facilitates, verifies, or enforces the negotiation or performance of a contract. Smart contracts were first proposed by Nick Szabo in 1996.
Yes, Ethereum supports smart contracts. A smart contract is a computer protocol that allows for the verification, enforcement, or performance of a contract. Smart contracts were first proposed by Nick Szabo in 1996 as a way to create “electronic commerce” or “e-commerce” without the need for third-party intermediaries.
Ethereum contract address is a code that is used to identify a specific smart contract on the Ethereum blockchain. It is also sometimes referred to as an Ethereum contract hash. Every smart contract on the Ethereum blockchain has a unique contract address.
As of January 2020, Ethereum does not have a stock. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is built on a blockchain, a shared ledger of all transactions that have ever taken place on the network.
Ethereum has been a hot topic in the cryptocurrency world since its launch in 2015. The Ethereum network is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
