When setting up a contract, what do the fields mean?

Question

When you set up a contract, you must provide, manager, delegate, spendable and delegatable. What do these fields mean?

lefessan · Accepted Answer · 2019-03-15 00:34:37Z

5

Manager : the keyhash (tz) of the account that can spend the money on the contract, if the contract is spendable, or change the delegate
Spendable : is it possible to spend the money on this account without running any code (transfer money from this account)
Delegatable : is it possible to change the contract by which all proof-of-stake activities for this contract should be performed
Delegate : the contract that should perform all POS activities for this contract (can be changed later only if Delegatable)

(Updated thanks to Tom)

answered Mar 14, 2019 at 19:28

lefessan

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if there is a smart contract, can there be no manager, and transactions can only be done by function calls?
– Rob
Mar 14, 2019 at 20:07
Two nits: Delegate is allowed even if not delegatable. Delegatable could be explained more clearly like spendable: whether the manager can change the contract's delegate.
– Tom
Mar 14, 2019 at 21:01

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