In a way, developing smart contracts is a throwback to a time where software was disseminated on cds with code that, once installed, must be as bug free as possible and work every time. The mantra of “move fast and break things” does not apply when it comes to smart contracts. When you deploy a smart contract, you are mostly commiting to a set of features and implementation details. While upgrade mechanisms exist, there are still potential minefields because of complications such as the existing memory layout, the compiler version, etc. — it’s best to just get it right the…

Ilan Gitter

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