How do you recognise a smart contract Ethereum wallet??

[Carson20t]

Basically how it operates on the smart contract is that the code controls the execution, and transactions are trackable and irreversible. Smart contracts permit trusted transactions and agreements to be carried out among , anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.This in turn protects both parties from a fraud.So ensure that your wallet support this before using it as many platforms are beginning to adopt the smart contract in order to increase their security features on
Ethereum blockchain.

 

[Sincerem]

Basically how it operates on the smart contract is that the code controls the execution, and transactions are trackable and irreversible. Smart contracts permit trusted transactions and agreements to be carried out among , anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.This in turn protects both parties from a fraud.So ensure that your wallet support this before using it as many platforms are beginning to adopt the smart contract in order to increase their security features on
Ethereum blockchain.

So how can you recognise the one that features smart contracts method via their platform?? I'm confuse when it comes to ascertain which one is smart contract Ethereum and non_smart contract Ethereum.

 

[Akinwale701]

Another misplacement of coins happened to me recently, when I was transferring funds from a different wallet that uses smart contract on its platform. I don't really know which wallet uses smart contract or not. I sent my Ethereum coin to a wallet that doesn't feature the smart contract. Unfortunately my coins got stacked at the blockchair network. It didn't go through, that left another soured feelings in my life, I lost total of $25 worth of Ethereum. Because, i couldn't know which wallet consist of the smart contract features. I don't think I will be dealing with anything that has to do with Eth in my crypto adventure.

I think the first thing is not to look for the wallet but how to recognize a smart contract Cryptocurrency on its own. Most of these smart contract end up being scamming activities even after one has invested a whole lot of time and effort on it.

 

[Sincerem]

I think the first thing is not to look for the wallet but how to recognize a smart contract Cryptocurrency on its own. Most of these smart contract end up being scamming activities even after one has invested a whole lot of time and effort on it.

That's why I no longer use Ethereum to do any online transactions. I prefer to use other Cryptocurrencies to transact with, cos I don't want to incur such kind of disheartening mistake again. I just want to be careful when it comes to sending my coins to a another wallet address.

 

[Mrallison]

Actually i love this post and am willing to learn about smart contract because I've heard both positive and negative things about smart contract and am really confused cause i don't want to invest wrongly

 

[Ralphjoe]

I am so sorry for the loss of your ethereum, this is actually so painful, please when next you want to invest in Ethereum or transfer the coins, make sure you google the Ethereum wallet that you want to use for it if it has ethereum smart contract. This smart contract of a thing is just making Ethereum very complex to operate and use.

 

[EMMANUEL]

Try to transfer some tokens to other ethereum wallet address and then check the balance of that address by calling balanceOf method. Try to get totalSupply by run totalSupply method.

 

[Goldentaby]

I think it has to do with the transfer protocol of the hosting wallet. For instance you can send BNB using BEP SC (binance smart chain) or ordinarily BEP20 protocol. There is ERC20 protocol and recently TRC20 protocol for transfers on ethereum and Tron blockchain respectively. This are some of the red flags to look out for. Sorry for your loss.

Smart contracts are protocols integrated as execution guidelines into a blockchain network. Once sales reach a certain level, the company wants to purchase more products. After execution of the order, smart contracts will do that. They help to facilitate, verify and enforce the negotiation of a contract, which would be the legally binding conditions in this case. Making crptocurrency more competitive with ethreum wallet.

 

[Emma Aneni]

expand...

I also had a very similar problem to be honest. A couple months back i decided to make a deposit into the yobit exchange platform in Ethereum. This was my first transaction with Ethereum and as a result i was unaware that these happen over smart contracts.

 

[Trojan8]

The meaning of smart contracts that I am aware of is actually different from this one. If a smart contract is built on a particular platform it will only accept payment from a specific coin. With this you will know on what coin that smart contract is built on. I am sorry about your experience it is rather sad that you lost that much.

 

[Nomad]

I do not use smart contract for any coins and tokens. When I have t send and receive crypto currency I only use the standard wallet. If possible I use the option to scan the address

 

[Nurudeen]

This is really a big loss from your end. Even if you know the Wallet that uses smart chain contract for Ethereum or any other crypto currency I just don't think you can recover coin back after transaction

 

[Justin]

I have not used ethereum, therefore, I have never been in this situation. However, I think you can avoid making such mistake by sending the coins to the same kind of wallet.

 

[Ceeny007]

I'm so sorry about your loss, I've learnt from your experience and I pray never to experience such I hope you've learnt from the experience too

 

[Dagm1]

I'm therefore sorry for the reduction of your Ethereum, this is actually really therefore unpleasant, feel free to when following you wish to purchase Ethereum or even move the coins, ensure you google the Ethereum purse that you wish to utilize for it if it possesses Ethereum wise agreement. This wise agreement of a point is actually simply creating Ethereum extremely complicated to run as well as utilize.