Difference between revisions of "Contract address"
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== Uses == | == Uses == | ||
Contract addresses can be cross-referenced to the blockchain specific block explorer to verify activity. For example, we can see that Ethereum user 0xngmi bridged some 500 USDC tokens via Hopper bridge [https://etherscan.io/tx/0x76a7dd6f3a666b7332a45d5660c0afe58a3e1061479f059675d9b1ac14e85000 using etherscan.] Contract addresses are a fundamental part of what makes DeFi so transparent and verifiable. The ability to simply [https://etherscan.io/address/0x165cd37b4c644c2921454429e7f9358d18a45e14 check how many dollars Ukraine has received] to their wallet via smart contracts is what separates DeFi from the traditional finance world. | Contract addresses can be cross-referenced to the blockchain specific block explorer to verify activity. For example, we can see that Ethereum user 0xngmi bridged some 500 USDC tokens via Hopper bridge [https://etherscan.io/tx/0x76a7dd6f3a666b7332a45d5660c0afe58a3e1061479f059675d9b1ac14e85000 using etherscan.] Contract addresses are a fundamental part of what makes DeFi so transparent and verifiable. The ability to simply [https://etherscan.io/address/0x165cd37b4c644c2921454429e7f9358d18a45e14 check how many dollars Ukraine has received] to their wallet via smart contracts is what separates DeFi from the traditional finance world. | ||
[[Category:Glossary]] | |||
Latest revision as of 18:38, 7 May 2022
A contract address is a string of randomly-generated letters and numbers that enable users to trace smart contract activity.
Conventions
Ethereum and all EVM-compatible chains use 0x prefixes (indicating a hexadecimal format).
Solana uses Base58 encoding.
Harmony uses the "one" prefix.
Uses
Contract addresses can be cross-referenced to the blockchain specific block explorer to verify activity. For example, we can see that Ethereum user 0xngmi bridged some 500 USDC tokens via Hopper bridge using etherscan. Contract addresses are a fundamental part of what makes DeFi so transparent and verifiable. The ability to simply check how many dollars Ukraine has received to their wallet via smart contracts is what separates DeFi from the traditional finance world.