What is the difference between On chain and installed smart contracts? Has it do with Address or node? If yes, what is the address?
Asked
Active
Viewed 306 times
0
-
What kind of blockchain are you talking about? – Arkady Aug 08 '18 at 08:40
-
Private blockchain like hyperledger. – Gulshan Aug 08 '18 at 08:44
-
@ArkadyPrivate blockchains like hyperledger – Gulshan Aug 08 '18 at 08:50
1 Answers
0
The diference is simple:
On-chain Smart Contracts
These are executed when a transaction happens on the blockchain. And they are stored right inside the blockchain as well.
Installed Smart Contracts
These Smart contracts are executed before the commit happens to the ledger or before the network is launched.
You could find more info at source
Arkady
- 1,178
- 14
- 35
-
This is the basic difference i know. But where are these on chain smart contracts stored. In address or node? If it is address, what is it? – Gulshan Aug 08 '18 at 08:55
-
@Gulshan take a look at https://stackoverflow.com/questions/42081194/where-do-smart-contracts-reside-in-blockchain-ethereum-or-hyperledger, probably it will be useful for you – Arkady Aug 08 '18 at 09:03