Blockchain Smart Contracts
Blockchain Smart Contracts:
It’s Easier Than You Think
We have heard about the benifits of smart contract technology alot. But it is a trustless tool and know how to boot the middleman when they are exchanging the money, assests, or anything which are very valuable to them.But the latest news is smart contract bugs are causing untold choas. Now we will discuss blockchain smart contract.
Anybody can build a Blockchain smart contract
Smart contracts will make easier how you do your business in this decision making world.Most of smart contracts are made on Dapp (Decentralized Application) Like Ethereum, Lisk or cardano and big companies like Ibm, Google, and facebook already started to build thier own business planning by building smart contracts.There are so plenty of companies to build a product and later on try a new technologies on thier own companies.
Smart contract development can make marketable skills for the developers who know very well how to build them.Very suprising part of smart contracts is it is not that difficult to build them. The Dapp platform tool and remaining tools which are very near to dapp make it possible to create them and make easier to build your own Blockchain technology.
Planning to create Smart contract Technology
But first when you are creating about smart contract you should decide how to make it easier.
For example, Take big event ticketing .Ticketing may have issues because huge number of people are buying bulk ticket by creating fake tickets or account. But blockchain technology will excels on many things. If two men are making transaction on same account it will track full information .
This Prevents Scraplers who are buying a bunch of tickets because who are selling the tickets will now become unprofitble.But by using smart contracts you can sell by giving tokens for them and cant be cheated.If anybody likes to attend the events,festivals and any sporting events you can see thier appeal.
How smart contract works
Its worth noting that bitcoin was the first one to support the basics of smart contract in the sense of that network transfer from one person to another.The network of nodes will only validate the transcations in case certainconditions are met with them.
But we have rember one thing is that bitcoin is limited to the currency use.
Ethereum allows developers to program their own smart contracts, or ‘autonomous agents’, as the ethereum white paper calls them. The language is ‘Turing-complete’, meaning it supports a broader set of computational instructions.
Smart contracts can:
- Function as multi signatures account, so the funds are spent only when it is required percentage for the people.
- It can manage agreements between users or anyone.
- Provides utility to other contracts.
- It stores information about the application such as membership and domain registration.
Dapp platform options
The next very important thing is to choose is in which dapp platform to build the contract on.
Ethereum is one of the largest and most established platform. It has also more number of active users and in any type of development and and active community to answer to your questions to finish your product and to write its own language.
You can also try out Cardano which was build by the founder of etereum and it has a huge members of impressive team. This product is new but it will fullfil thier information to separate information about transactional data.
Building a smart contract
while creating your first ethereum contract we recommed to use the developement environement at remix.solidity.org It gives you an interactive environment to deploy your contract and interact with it from different Ethereum accounts.
The first thing of indicating your contract is to move it to your test network.Truffle provides thier own RPC,a separate ethereum network called Ganche.If you are seeing for more information truffle is best for this type of oulining it in thier documents.
Another difficult topic is to overcome while creating a smart contract is how to think about it. Thinking of blockchain like a web developer,you can see it as replacement for the database.Because blockchain is like a database and the natural things to do in contract to your server.Creating an API layer for the contract makes accessing information from the client side of the application as easy as making an AJAX request.
Can Smart contract be fixed?
A fair question but the fact remains that bugs are not unfixable. Huge number of projects tried to solve the problem but no one succeed in this.
One company has engineered solution is certik an upcoming platform for all components of blockchain ecosystem,including smart contracts and dapp.CertiK would point to the fact that testing can only identify when bugs are present, and never certify their absence. Instead, CertiK’s platform will mathematically prove that any items are free of bugs and hacker-resistant.
Having previously built one of the world’s first hacker-resistant operating systems, the CertiK team is a blend of academic and corporate verification experience.Blockchain itself is untrusted but if ignore the bugs present in them,they are as good as multi-billion dollar safes with faulty locks.
To Know more info click here