Solidity language to create Smart Contracts

  • finance

Solidity is a high level programming language that we can use to create smart contracts in ethereum, solidity as a language was design to target the EVM machine. The contracts that can be created are  applications, machine code, that will running on ethereum blockchain. Examples of such contracts could be a voting mechanism, an auction, a currency and also many other ideas can be applicable there. If you are already using nodejs, the solidity compiler can be installed easily through nodejs's packaging system. In a linux enviroment with nodejs and npm, the installation of solidity can be achieved through command line by using the following command.

sudo npm install -g solc 

To check if the command line utility and the compiler was installed successfully we press

solcjs --help

Let's create a file with name first_contract.sol then there are plenty code of samples to test let's choose the remote purchase paste the code file you find in the previous link in the file we just created then we have to compile the contract using this command

 solcjs --bin --abi first_contract.sol

the previous command will output two files the first one has extension .bin  is the contract compiled code (bytecode) that we will use in ethereum client to deploy the contract. The other file with file extension .abi is the application binary interface and describes how a user will interact with the contract..

There are a lot of applications that can be created, the previous example we provided a  link with the code for a remote purchase do not use it in real life only to study the code, there is flaw  if the buyer goes rogue and doesn't confirm that he received the product the etheur will not be released to the seller.

Initial Coin Offer (ICO)

One of the most notable applications that somebody can create with smart contracts are the ICOs, initial coin offer.  It's a form of crowdfunding that you are able to collect funds for a project by selling rights of ownership. The fundamental difference between this and classic crowdfunding campaign, through a website like indiegogo, is that the backers control the release  of the money for making decisions with voting. A library for writing secure contracts such as various kinds of ICOs  is OpenZeppelin.

consulting in ethereum contracts

SaaS software, easy to use platform and interface to setup quickly your eshop .