Assets, Ethereum

What Is Contract Address Ethereum?

When it comes to cryptocurrency, a contract address is simply the address that stores the contract code. In Ethereum, a contract address is generated by taking the keccak-256 hash of the RLP encoding of the account’s nonce, the account’s owner public key, and the account’s default code hash.

NOTE: WARNING: Contract addresses in Ethereum are immutable and cannot be changed, so it is important to double check the address of any contract you are sending funds to. Be sure to use a reliable source when obtaining the contract address, and never enter a contract address manually. Sending funds to the wrong address can result in irreversible losses.

The reason why contract addresses are generated this way is to ensure that there is no possibility of two contracts having the same address. This is important because if two contracts had the same address, then it would be impossible to tell which contract was which, and this would lead to all sorts of problems.

So, in summary, a contract address is just the address that stores the code for a particular contract. It is generated by taking the keccak-256 hash of the RLP encoding of the account’s nonce, the account’s owner public key, and the account’s default code hash.

Previous ArticleNext Article