Cryptocurrency Q&A What is the difference between smart contract and chaincode?

What is the difference between smart contract and chaincode?

Nicola Nicola Mon Nov 25 2024 | 6 answers 1461
I'm trying to understand the distinction between smart contracts and chaincode. I know they are both components of blockchain technology, but what exactly sets them apart from each other? What is the difference between smart contract and chaincode?

6 answers

SolitudePulse SolitudePulse Wed Nov 27 2024
It encapsulates the parameters that dictate how a chaincode operates.

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Bianca Bianca Wed Nov 27 2024
These parameters ensure that the smart contract functions as intended within the network.

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Valentina Valentina Wed Nov 27 2024
The installation of smart contract code takes place within a chaincode package on an organization's peers.

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Maria Maria Wed Nov 27 2024
Channel members are restricted from executing a smart contract until the chaincode has been properly defined on a channel.

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Giuseppe Giuseppe Wed Nov 27 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of digital asset traders.

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