Can we copy a smart contract?

+1 vote

If smart contracts are completely open source and viewable to the public, then what stops someone from copying someone else's work to create an exact copy of their service? Is the value completely tied to the UX/UI of a blockchain organisation's application using a smart contract?

Apr 6, 2018 in Blockchain by nsv999
• 5,090 points
67 views

1 answer to this question.

+1 vote

While the contract is open-source, if you were to copy the source and deploy it on the ethereum network yourself, it would have a different address and you would have to convince people to use your contract over the creator's. For that you would either have to offer lower fees, build a better brand value, add more features or build a better advertising campaign.

Keep in mind that open source doesn't always mean free to use. If the contract is not published with a license, maybe that gives you permission to copy or deploy it

answered Apr 6, 2018 by Christine
• 15,790 points

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