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Thank you @alberto and let's say If I developed one social media platform and successfully deployed on live network. After some days I updated the code and migrate --reset and deployed again (the new JSON) to the live network. Does it means previous smart contract works perfectly fine ? new one is act as new smart contract ?
Thanks for your explanation @Lauri Peltonen . Let's say there is a huge traffic to my dapp its around 1cr active nodes in my dapp. How much time it will take to validate by all 1 cr nodes for single transaction. ?