When developing smart contracts, key considerations include security and code audit to prevent vulnerabilities, as smart contracts are immutable once deployed. Efficiency is crucial, as complex operations can increase gas costs. Scalability should be considered to ensure the contract can handle growing demands. Compliance with legal regulations is essential, particularly in areas like data privacy and financial transactions. Additionally, the choice of blockchain platform affects compatibility, performance, and transaction fees. Lastly, ensure clear documentation and thorough testing to avoid errors and facilitate future upgrades or maintenance.
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