The BBA on Nostr: 🚨 Can a Smart Contract be upgraded *AFTER* deployment on a Blockchain? The answer ...
🚨 Can a Smart Contract be upgraded *AFTER* deployment on a Blockchain?
The answer is YES—and it’s a game-changer for Blockchain innovation!
🔍 Here’s what you need to know, inspired by groundbreaking research by Professor vladimiro sassone et al from the University of Southampton, UK 🇬🇧:
➡️ Tamper-Proof, Yet Evolving:
Smart contracts are designed to be tamper-proof, ensuring security and trust. However, like all software, they need maintenance—whether it’s fixing bugs or adding new features.
➡️ Challenges of Re-Deployment:
Deploying a new version of a smart contract each time can cause issues, such as migrating contract state or ensuring users connect to the latest version without delays.
➡️ The OpenZeppelin Solution: OpenZeppelin offers a framework to deploy upgradeable smart contracts using proxies—an intermediary that allows updates to the contract seamlessly and transparently for users.
📊 This research explores the security, cost, and performance of OpenZeppelin’s upgradeable patterns, and shows their growing adoption on Ethereum over the last four years.
✨ Innovation never stops—neither should smart contracts. By embracing upgradeable frameworks like OpenZeppelin, Blockchain continues to evolve, unlocking new possibilities in DeFi, dApps, and beyond.
Read more: https://www.linkedin.com/posts/britishblockchain_upgrade-able-smart-contracts-activity-7285364186480562178-nOlZ
#SmartContracts #BlockchainInnovation #OpenZeppelin #Ethereum #DeFi #JBBA #BBA #EvidenceBasedBlockchain
The answer is YES—and it’s a game-changer for Blockchain innovation!
🔍 Here’s what you need to know, inspired by groundbreaking research by Professor vladimiro sassone et al from the University of Southampton, UK 🇬🇧:
➡️ Tamper-Proof, Yet Evolving:
Smart contracts are designed to be tamper-proof, ensuring security and trust. However, like all software, they need maintenance—whether it’s fixing bugs or adding new features.
➡️ Challenges of Re-Deployment:
Deploying a new version of a smart contract each time can cause issues, such as migrating contract state or ensuring users connect to the latest version without delays.
➡️ The OpenZeppelin Solution: OpenZeppelin offers a framework to deploy upgradeable smart contracts using proxies—an intermediary that allows updates to the contract seamlessly and transparently for users.
📊 This research explores the security, cost, and performance of OpenZeppelin’s upgradeable patterns, and shows their growing adoption on Ethereum over the last four years.
✨ Innovation never stops—neither should smart contracts. By embracing upgradeable frameworks like OpenZeppelin, Blockchain continues to evolve, unlocking new possibilities in DeFi, dApps, and beyond.
Read more: https://www.linkedin.com/posts/britishblockchain_upgrade-able-smart-contracts-activity-7285364186480562178-nOlZ
#SmartContracts #BlockchainInnovation #OpenZeppelin #Ethereum #DeFi #JBBA #BBA #EvidenceBasedBlockchain