A contract address is an identifier on a blockchain that corresponds to a smart contract. Smart contracts are self-executing agreements with the terms directly written into code. When a smart contract is deployed on a blockchain, it is assigned a unique address, allowing users to interact with it.This address enables users to send transactions and execute functions defined within the smart contract. For example, in decentralized applications (dApps) or decentralized finance (DeFi) platforms, the contract address is crucial for users to engage with the services or products offered.Contract addresses are typically in the format of hexadecimal codes and can be found on blockchain explorers, which provide transparency by allowing anyone to view the contract’s code and transactions. It’s essential for users to verify the contract address before interacting with a smart contract to avoid scams or mistakes.