An Ethereum smart contract is a type of account executed as a program with a code and data collection. It resides at a particular address on the Ethereum blockchain.
Functioning as a type of Ethereum account, smart contracts can hold a balance and send transactions over the network. However, it is noteworthy that they are deployed to the network instead of being controlled by a user. They run according to how they are programmed, and user accounts can interact with them by submitting transactions according to the specific smart contract functions.
Just like a regular contract, smart contracts define rules. However, the difference lies in its execution. Instead of just defining rules, smart contracts enforce them through code. Also, interactions with smart contracts are irreversible and they can’t be deleted by default.
Complex blockchain programs like Ethereum are highly experimental. There are constant changes and whenever new bugs or loopholes are discovered, new best practices are introduced. Hence, the security landscape is always changing and differs from one aspect to the other.
In this article, we will discuss all the best practices for Ethereum smart contracts in detail. Let’s begin by discussing the general best practices about the developers’ philosophies and approaches.
Read more: https://www.leewayhertz.com/best-practices-for-ethereum-smart-contract/
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