What is a Smart Contract? How to implement Ethereum Smart contract

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Smart Contracts are the logic of business or the protocol by which all transactions on Blockchains Blockchain occur. The main goal of a smart contracts is to meet the common contractual requirements. For instance, if we are planning to create our own token using Ethereum it is necessary to create smart contracts according to which all calculations for our token would take place.

It's a standalone script written in Solidity which is then converted into JSON and then transferred to a specific account on the Blockchain. Similar to calling an URL the endpoint of an RESTful API in order to execute some kind of logic using an HttpRequest, it is possible to execute a deployed smart contracts similar to a specific address by entering precise information along with Ethereum to invoke the implemented and compiled Solidity function.


Smart contracts can be added to the decentralized database at fees proportional to storage capacity of the code. It is also described as a collection of code that is stored on the blockchain network. It defines conditions upon which all parties involved in the contract have to agree.

We will present the example of how to create smart contract on ethereum that uses Solidity. Solidity program language. Therefore, it is important to know the concept of Solidity.


What is Solidity?


Solidity is a language that is JavaScript-like created specifically for the creation of smart contracts. It's typed statically and is compatible with inheritance, libraries, and complicated user-defined types.


Steps to develop the Ethereum Smart Contract


Install MetaMask within the Chrome browser and turn it on. After it has been installed, you can click on its icon at the upper right corner of the page. By clicking on it, you will start it in a brand new tab within the browser.

Choose Create Wallet and agree to the terms and conditions. Click I consent to proceed. It will prompt you to create your password.



1. To go live, connect to the main Ethereum network on metamask

2. Include your own real-ethers.

3. Then, you can use your smart contract to deploy with a remix, as described in the steps above.

4. When a smart contract is deployed successfully, visit http://www.etherscan.io and search your smart contract address there. Choose your smart contract.

5. Now , you must verify your smart contract by clicking here Click "verify this contract."

6. Copy the smart contract's codes and then paste them into Etherscan. Select the version of the compiler that you have selected in remix to build your code.

7. Make sure to set "optimization" and select Yes If you chosen optimization during remix. Otherwise, choose No.

8. Click Verify.

9. It'll take only less than a minute before your smart contract can go active if no issues occur.

10. You can now use your smart contract processes on Etherscan.


Know More- how to create and deploy Ethereum Smart contract

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