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Yogesh Sahu Oodles

Yogesh Sahu (Backend-Associate Consultant L2- Development)

Experience:2+ yrs

Yogesh is a highly experienced backend developer with a strong command over Node.js, MongoDB, Express, and Git/GitHub. He specializes in developing scalable and reliable web applications using JavaScript and Node.js. Additionally he has extensive knowledge of Ethereum, Solidity, and Smart Contracts, and he has worked on various blockchain projects, smart contracts, and implementing various blockchain protocols as well. With a background in backend development, he has built RESTful APIs, implemented authentication and authorization mechanisms, and developed expertise in blockchain technology.

Yogesh Sahu Oodles
Yogesh Sahu
(Associate Consultant L2- Development)

Yogesh is a highly experienced backend developer with a strong command over Node.js, MongoDB, Express, and Git/GitHub. He specializes in developing scalable and reliable web applications using JavaScript and Node.js. Additionally he has extensive knowledge of Ethereum, Solidity, and Smart Contracts, and he has worked on various blockchain projects, smart contracts, and implementing various blockchain protocols as well. With a background in backend development, he has built RESTful APIs, implemented authentication and authorization mechanisms, and developed expertise in blockchain technology.

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ExpWork Experience / Trainings / Internship

Oct 2022-Present

Associate Consultant - Development

Gurgaon


Oodles Technologies

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IGNOU

BACHLOR OF SCIENCE-PHYSICS , CHEMISTRY AND MATH

Top Blog Posts
Decentralized Prediction Market Development on Ethereum

Decentralized Prediction Market Development on Ethereum

 

Prediction markets offer a fascinating blend of finance, information aggregation, and blockchain technology, enabling users to bet on future events transparently and autonomously. In this blog, we'll walk through creating a decentralized prediction market on Ethereum, exploring its structure, coding it in Solidity, and deploying it on the blockchain. By the end, you'll have a foundational understanding of decentralized prediction markets and the knowledge to build one yourself. If you are looking for more about DeFi, visit our DeFi development services

 

Prerequisites

 

  1. Basic knowledge of Solidity and Ethereum Smart Contracts.
  2. Installed tools: Node.js, npm, Truffle, and Ganache or Hardhat.
  3. Ethereum wallet: MetaMask for testing on a public testnet like Rinkeby or Goerli.

 

You may also like | How to Create a Yield Farming Contract

 

What is a Decentralized Prediction Market?

 

A decentralized prediction market allows users to place bets on the outcome of a specific event. Outcomes are decided based on real-world data, and payouts are distributed depending on the result. Events could range from elections to sports outcomes or even crypto price forecasts. The decentralized nature of Ethereum-based prediction markets offers users transparency, fairness, and immutability.

 

Designing the Prediction Market Smart Contract

 

Our smart contract will allow users to:

 

  1. Create markets for predicting events.
  2. Place bets on available outcomes.
  3. Settle markets based on outcomes.
  4. Distribute winnings based on the outcome.

 

Key Functions

 

  1. Creating a Market: Allow a user to create a prediction market.
  2. Placing Bets: Allow users to place bets on specified outcomes.
  3. Finalizing Market: After the outcome is known, finalize the market and distribute winnings.

 

Also, Explore | How to Create a Liquid Staking Pool

 

A Step-by-Step Code Explanation

 

Here's a basic Solidity smart contract to get started:

 

solidity

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

contract PredictionMarket {
    enum MarketOutcome { None, Yes, No }
    
    struct Market {
        string description;
        uint256 deadline;
        MarketOutcome outcome;
        bool finalized;
        uint256 totalYesBets;
        uint256 totalNoBets;
        mapping(address => uint256) yesBets;
        mapping(address => uint256) noBets;
    }
    
    mapping(uint256 => Market) public markets;
    uint256 public marketCount;
    address public admin;

    event MarketCreated(uint256 marketId, string description, uint256 deadline);
    event BetPlaced(uint256 marketId, address indexed user, MarketOutcome outcome, uint256 amount);
    event MarketFinalized(uint256 marketId, MarketOutcome outcome);

    modifier onlyAdmin() {
        require(msg.sender == admin, "Only admin can execute");
        _;
    }

    constructor() {
        admin = msg.sender;
    }

    // Create a new market
    function createMarket(string memory _description, uint256 _deadline) public onlyAdmin {
        require(_deadline > block.timestamp, "Deadline must be in the future");

        Market storage market = markets[marketCount++];
        market.description = _description;
        market.deadline = _deadline;

        emit MarketCreated(marketCount - 1, _description, _deadline);
    }

    // Place a bet
    function placeBet(uint256 _marketId, MarketOutcome _outcome) public payable {
        Market storage market = markets[_marketId];
        require(block.timestamp < market.deadline, "Betting period is over");
        require(_outcome == MarketOutcome.Yes || _outcome == MarketOutcome.No, "Invalid outcome");
        require(msg.value > 0, "Bet amount must be greater than zero");

        if (_outcome == MarketOutcome.Yes) {
            market.yesBets[msg.sender] += msg.value;
            market.totalYesBets += msg.value;
        } else {
            market.noBets[msg.sender] += msg.value;
            market.totalNoBets += msg.value;
        }

        emit BetPlaced(_marketId, msg.sender, _outcome, msg.value);
    }

    // Finalize the market with the actual outcome
    function finalizeMarket(uint256 _marketId, MarketOutcome _outcome) public onlyAdmin {
        Market storage market = markets[_marketId];
        require(block.timestamp >= market.deadline, "Market cannot be finalized before deadline");
        require(!market.finalized, "Market already finalized");

        market.outcome = _outcome;
        market.finalized = true;

        emit MarketFinalized(_marketId, _outcome);
    }

    // Claim winnings
    function claimWinnings(uint256 _marketId) public {
        Market storage market = markets[_marketId];
        require(market.finalized, "Market not finalized yet");

        uint256 payout;

        if (market.outcome == MarketOutcome.Yes) {
            uint256 userBet = market.yesBets[msg.sender];
            payout = userBet + (userBet * market.totalNoBets / market.totalYesBets);
            market.yesBets[msg.sender] = 0;
        } else if (market.outcome == MarketOutcome.No) {
            uint256 userBet = market.noBets[msg.sender];
            payout = userBet + (userBet * market.totalYesBets / market.totalNoBets);
            market.noBets[msg.sender] = 0;
        }

        require(payout > 0, "No winnings to claim");
        payable(msg.sender).transfer(payout);
    }
}

 

Also, Check | How to Swap Tokens on Uniswap V3

 

Explanation of the Code

 

  1. Structs and Enums: We define a Market struct to store the details of each prediction market, and an enum MarketOutcome to represent the possible outcomes (Yes, No, or None).
  2. Market Creation: The createMarket function lets the admin create a market, specifying a description and a deadline.
  3. Betting on Outcomes: placeBet allows users to bet on an outcome (Yes or No) with an amount in Ether.
  4. Finalizing the Market: finalizeMarket enables the admin to lock in the actual outcome once the event is over.
  5. Claiming Winnings: Users can call claimWinnings to receive their payout if they bet on the correct outcome.

 

Conclusion

 

In conclusion, developing a decentralized prediction market on Ethereum provides a powerful way to leverage blockchain's transparency, security, and trustlessness. By following the outlined steps, developers can create platforms that foster open participation and reliable forecasting. This innovation empowers users to make informed predictions while maintaining trust in the system, ultimately contributing to a more decentralized and efficient financial ecosystem. Embrace this opportunity to build solutions that harness the full potential of blockchain technology. Connect with our skilled blockchain developers for more information. 

Category: Blockchain
ERC 4337 : Account Abstraction for Ethereum Smart Contract Wallets

Understanding Account Abstraction on Ethereum for Smart Contract Wallets

 

A novel concept in blockchain, account abstraction aims to improve and harmonize user account functionality in decentralized systems. Contract wallets, also known as smart contract accounts, can replace traditional externally held accounts thanks to account abstraction and smart contract development. A contract wallet can be controlled by a single key, multiple keys, or even a complex system encoded into the contract itself. This opens up numerous possibilities and benefits for Ethereum and other blockchain networks. Account abstraction allows for more flexible and secure management of contract wallets compared to traditional externally held accounts. For more about blockchain, Ethereum, and smart contracts, visit our smart contract development services.

 

In the Ethereum network, two types of accounts currently exist:

 

Externally Owned Accounts (EOAs): controlled by private keys and typically of specific people or organizations.

 

Contract Accounts: smart contracts whose code is run according to predetermined logic.

 

Account abstraction seeks to unify the two types of Ethereum accounts:
 

This implies that smart contracts can now manage and carry out transactions on behalf of users rather than exclusively depending on private keys (as with EOAs), providing users with more flexibility and opening the door to new features like customizable security models, automated and gasless transactions, meta-transactions, and improved privacy. These developments streamline user interactions and increase the Ethereum ecosystem's potential.

 

Also, Read | How to Create an NFT Rental Marketplace using ERC 4907

 

Why do we need Account Abstraction ?

 

The current configuration of the Ethereum network has several drawbacks:

 

Security Risks: Due to their binary structure, private keys can be lost or stolen, which can result in an irreversible loss of money.
User Experience: For new users who could find wallet security and gas principles confusing, EOAs demand private keys and gas costs in Ether, which causes friction.Hazards to Security: Due to their binary structure, private keys can be lost or stolen, which can result in an irreversible loss of money.
Limited Features: Advanced features like multi-signature wallets and daily transaction restrictions cannot be implemented on EOAs due to their lack of programmability.

 

By addressing these problems, account abstraction seeks to enhance the functionality, security, and usability of the network.

 

Also, Read | A Guide to Implementing NFT Royalties on ERC-721 & ERC-1155

 

Approaches to Implement Account Abstraction:


Protocol-Level Changes

 

It entails modifying the Ethereum protocol to allow native wallets for smart contracts. Consensus is required for this strategy throughout the Ethereum network.


Layer 2 Solutions

 

Layer 2 networks provide the ability to offload transaction processing and implement unique transaction validation procedures.

 

ERC 4337 (Ethereum Request for Comments)

 

It suggests implementing account abstraction just at the application level, eliminating the need for protocol modifications.

 

Also, Read | How to Create and Deploy a Token Bound Account | ERC-6551


What is ERC 4337?

 

A new transaction handling mechanism called UserOperation objects is introduced in ERC 4337. By signing UserOperation objects, which bundlers aggregate and transmit to the network, users avoid submitting transactions straight to the Ethereum blockchain. Without relying on the current transaction flow, this method enables smart contract wallets to safely start transactions.  


Implementation of ERC 4337:

 

A number of essential elements are involved in the Solidity implementation of ERC 4337 (Account Abstraction), which combined allow for flexible and intuitive interactions with smart contracts. These are the primary elements to pay attention to:


1. UserOperation Struct


Purpose: Represents a single user operation with all necessary information.
  
Key Fields:


sender: The address of the user or wallet executing the operation.
nonce: To prevent replay attacks and track the order of operations.
callData: The encoded data for the function call.
gasLimit: The maximum amount of gas that can be used for the operation.
maxFeePerGas & maxPriorityFeePerGas: Control over gas fees.

 

You may also like | How to Create an ERC 721C Contract

 

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

contract UserOperationExample {
    
    struct UserOperation {
        address sender;            // Address of the user sending the operation
        uint256 nonce;            // Unique nonce to prevent replay attacks
        bytes callData;           // Encoded data for the function call
        uint256 gasLimit;         // Maximum gas limit for the operation
        uint256 maxFeePerGas;     // Maximum fee per gas unit the user is willing to pay
        uint256 maxPriorityFeePerGas; // Max priority fee per gas
    }

    // Example function to demonstrate the use of UserOperation
    function exampleFunction(UserOperation calldata userOp) external {
        // Validate the user operation (you would typically check nonce, gas limits, etc.)
        require(userOp.sender != address(0), "Invalid sender");
        require(userOp.gasLimit > 0, "Gas limit must be greater than zero");

        // Here you would implement the logic to execute the operation
        (bool success, ) = userOp.sender.call{gas: userOp.gasLimit}(userOp.callData);
        require(success, "Operation failed");
        
        // You could also emit an event here for tracking purposes
    }
}

 

Also, Discover | How to Create and Deploy an ERC404 token contract


2. EntryPoint Contract


Purpose: Central contract that receives user operations and executes them.
  

Key Functions:
 

executeUserOperation: Validates and executes the user operation, checking the sender's nonce, ensuring gas limits, and processing the call data.
Security Checks: Implement checks to prevent issues like underflow/overflow, invalid addresses, and ensure gas payment.
 

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

contract EntryPoint {
    event UserOperationExecuted(address indexed sender, bytes callData);
    event UserOperationFailed(address indexed sender, bytes callData, string reason);

    // This mapping tracks the nonce for each user to prevent replay attacks
    mapping(address => uint256) public nonces;

    function executeUserOperation(UserOperation calldata userOp) external {
        // Validate the user operation
        require(userOp.sender != address(0), "Invalid sender");
        require(userOp.nonce == nonces[userOp.sender], "Invalid nonce");
        require(userOp.gasLimit > 0, "Gas limit must be greater than zero");

        // Update the nonce
        nonces[userOp.sender]++;

        // Execute the operation
        (bool success, bytes memory returnData) = userOp.sender.call{gas: userOp.gasLimit}(userOp.callData);

        if (success) {
            emit UserOperationExecuted(userOp.sender, userOp.callData);
        } else {
            emit UserOperationFailed(userOp.sender, userOp.callData, _getRevertMsg(returnData));
        }
    }

    // Helper function to extract revert reason
    function _getRevertMsg(bytes memory returnData) internal pure returns (string memory) {
        if (returnData.length < 68) return "Transaction reverted silently";
        assembly {
            returnData := add(returnData, 0x04)
        }
        return abi.decode(returnData, (string));
    }
}

 

Also, Discover | ERC 3643 A Protocol for Real World Asset Tokenization

 

3. User Wallet Contract


Purpose: Acts as the user's wallet to create and submit user operations.

 

Key Functions:


submitUserOperation: Collects user operation parameters and sends them to the Entry Point.
Nonce Management: Increments the nonce after a successful operation to prevent replay attacks.
 

	// SPDX-License-Identifier: MIT
	pragma solidity ^0.8.0;

	import "./EntryPoint.sol"; // Import the EntryPoint contract

	contract UserWallet {
    	address public entryPoint; // Address of the EntryPoint contract
    	uint256 public nonce; // Nonce for tracking user operations

    	constructor(address _entryPoint) {
        entryPoint = _entryPoint; // Set the EntryPoint contract address
    	}

    	// Function to submit a user operation
    	function submitUserOperation(
        	bytes calldata callData,
        	uint256 gasLimit,
        	uint256 maxFeePerGas,
        	uint256 maxPriorityFeePerGas
   	 ) external {
        // Create the UserOperation struct
        UserOperation memory userOp = UserOperation({
            sender: address(this),
            nonce: nonce,
            callData: callData,
            gasLimit: gasLimit,
            maxFeePerGas: maxFeePerGas,
            maxPriorityFeePerGas: maxPriorityFeePerGas
        });

        // Submit the user operation to the Entry Point
        EntryPoint(entryPoint).executeUserOperation(userOp);
        
        // Increment the nonce for the next operation
        nonce++;
    }

    // Example function to demonstrate a callable function from the wallet
    function exampleFunction(uint256 value) external {
        // Implementation of the function logic
    }
}

 

Also, Check | A Guide to Gasless ERC20 Token Transfer

 

4. Gas Payment Mechanism
 

Purpose: Determines how the gas for executing user operations is paid.
 

Considerations:
 

You might want to allow users to pay gas fees in tokens or implement a mechanism for sponsor payments (where another entity pays the gas).
 

	// SPDX-License-Identifier: MIT
	pragma solidity ^0.8.0;

	import "@openzeppelin/contracts/token/ERC20/IERC20.sol";

	contract EntryPoint {
    	event UserOperationExecuted(address indexed sender, bytes callData);
    	event UserOperationFailed(address indexed sender, bytes callData, string reason);

    	mapping(address => uint256) public nonces;

    	// Function to execute user operation with gas payment
    	function executeUserOperation(
        UserOperation calldata userOp,
        address paymentToken,
        uint256 paymentAmount
    	) external payable {
        require(userOp.sender != address(0), "Invalid sender");
        require(userOp.nonce == nonces[userOp.sender], "Invalid nonce");
        require(userOp.gasLimit > 0, "Gas limit must be greater than zero");

        // Validate gas payment
        if (paymentToken == address(0)) {
            // Pay with Ether
            require(msg.value >= paymentAmount, "Insufficient Ether sent");
        } else {
            // Pay with ERC-20 token
            require(IERC20(paymentToken).transferFrom(msg.sender, address(this), paymentAmount), "Token transfer failed");
        }

        nonces[userOp.sender]++;

        (bool success, bytes memory returnData) = userOp.sender.call{gas: userOp.gasLimit}(userOp.callData);

        if (success) {
            emit UserOperationExecuted(userOp.sender, userOp.callData);
        } else {
            emit UserOperationFailed(userOp.sender, userOp.callData, _getRevertMsg(returnData));
        }
    }

    function _getRevertMsg(bytes memory returnData) internal pure returns (string memory) {
        if (returnData.length < 68) return "Transaction reverted silently";
        assembly {
            returnData := add(returnData, 0x04)
        }
        return abi.decode(returnData, (string));
    }
}

 

5. Account Abstraction Wallet
 

Purpose:
 

To manage user actions, an Entry Point contract communicates with the Abstracted Account Wallet, which functions as a user-defined wallet. By offering a means of verifying and carrying out these procedures, it guarantees that activities may only be carried out by authorized users.
 

   // SPDX-License-Identifier: UNLICENSED
   pragma solidity ^0.8.9;

   import "./library/UserOperation.sol";
   import "@openzeppelin/contracts/utils/cryptography/ECDSA.sol";

   contract AbstractedAccountWallet {

    using ECDSA for bytes32;

    uint256 public constant SIG_VALIDATION_FAILED = 1;
    uint256 public constant NONCE_VALIDATION_FAILED = 2;
    uint256 public constant VALIDATION_SUCCESS = 0;

    address public owner;
    uint256 public nonce;
    address public entryPoint;

    // Events for logging important actions
    event ExecutedOperation(address indexed sender, uint256 value, bytes data);

    constructor(address _entryPoint) {
        owner = msg.sender;
        nonce = 0;
        entryPoint = _entryPoint;
    }

    // Modifier to check if the caller is the owner of the contract
    modifier onlyOwner() {
        require(msg.sender == owner, "You are not the owner");
        _;
    }

    modifier onlyEntryPoint() {
        require(
            msg.sender == entryPoint,
            "Only EntryPoint can call this function"
        );
        _;
    }

    // Function to validate a user-defined operation
    function validateOp(
        UserOperation calldata op,
        uint256 requiredPayment
    ) public returns (uint256) {
        // Send requiredPayment to EntryPoint
        if (requiredPayment != 0) {
            payable(entryPoint).transfer(requiredPayment);
        }

        // Check nonce
        require(op.nonce == nonce++, "Invalid nonce");

        // Check signature
        if (
            owner !=
            getHash(op).toEthSignedMessageHash().recover(
                // op.signature[32:]

                op.signature
            )
        ) {
            return SIG_VALIDATION_FAILED;
        } else {
            // return uint256(bytes32(op.signature[0:32]));
            return VALIDATION_SUCCESS;
        }
    }

 
    function getHash(
        UserOperation memory userOp
    ) public view returns (bytes32) {
        return
            keccak256(
                abi.encode(
                    bytes32(block.chainid),
                    userOp.sender,
                    userOp.nonce,
                    keccak256(userOp.initCode),
                    keccak256(userOp.callData),
                    userOp.callGasLimit,
                    userOp.verificationGasLimit,
                    userOp.preVerificationGas,
                    userOp.maxFeePerGas,
                    userOp.maxPriorityFeePerGas,
                    keccak256(userOp.paymasterAndData),
                    entryPoint
                    // uint256(bytes32(userOp.signature[0:32]))
                )
            );
    }
}

 

You may also like | How to Create an ERC 721 NFT Token

 

A recent breakthrough: EIP-4337
 

Since the account abstraction effort moved to a different strategy, which was unveiled in EIP-4337 in late 2021, both EIP-2938 and EIP-3074 are presently dormant. Building on the idea of a smart contract wallet is the goal of the new strategy.

 

However, remember that we already mentioned that the lack of proper infrastructure makes smart contract wallets challenging to use? Nevertheless, EIP-4337 seeks to address that without altering the L1 protocol in the process.

 

The proposal introduces a higher-level mempool that operates with a new object called UserOperations. Instead of traditional transactions, users will send UserOperations to this mempool. Validators then select these UserOperations, bundle them into a transaction, and submit them to a specialized smart contract called the EntryPoint contract. This contract manages transaction execution and validator rewards.

 

The method outlined in EIP-4337 simplifies the process for developers to create custom smart contract wallets.

 

Also, Know | Create a Simple Dividend ERC20 token


Conclusion of Account Abstraction Using ERC 4337:
 

Account abstraction and ERC 4337 are two progressive approaches to Ethereum's development. This strategy is well-positioned to promote the wider use of blockchain technology and decentralised apps by giving priority to user experience, flexibility, and security, so making them more accessible and useful for regular users. The ideas and applications resulting from ERC 4337 will probably influence the direction of decentralised finance in the future and beyond as the ecosystem develops. In case you are looking to build your project using emerging ERC standards, connect without our skilled Solidity developers to get started. 

Category: Blockchain
How to Simplify Transactions with ERC 2771

Ever wished your users could interact with your Ethereum smart contract without worrying about gas fees? ERC-2771, a meta-transactions standard, offers a solution! This blog dives into ERC-2771, guiding developers through its implementation with an easy-to-understand code example. For more about Ethereum, visit our Ethereum blockchain development services

 

Implementing ERC-2771

 

Prerequisites

 

Before we delve into the code, ensure you have a basic understanding of:

 

  • Solidity: The programming language for Ethereum smart contracts.
  • Meta Transactions: Transactions where a third-party covers the gas fees on behalf of the user.

 

Implementation

 

Here's how to integrate ERC-2771 into your smart contract:

 

Embrace the Inheritance:

 

  • Utilize libraries like OpenZeppelin's ERC2771Context for a smoother experience.
  • In your contract, inherit from ERC2771Context.

 

Trusted Delivery Partner:

 

  • Deploy a separate "trusted forwarder" contract. This acts as the relayer, receiving signed messages from users and forwarding them to your main contract.
  • OpenZeppelin provides a "MinimalForwarder" contract for this purpose.

 

Constructor Configuration:

 

  • During your main contract's deployment, provide the address of the trusted forwarder contract. This establishes trust.
  •  

Overriding the Messenger:

 

  • Override the _msgSender()
  •  function within your contract.
  • This function retrieves the original user address from the meta transaction data using the parent contract's implementation in ERC2771Context.

 

Also, Explore |  Understanding ERC-404 | The Unofficial Token Standard

 

1. MyContract.sol (ERC-2771 enabled contract)

 

pragma solidity ^0.8.0;

import "@openzeppelin/contracts/metatx/ERC2771Context.sol";

contract MyContract is ERC2771Context {
  address private __trustedForwarder;

  constructor(address _trustedForwarder) ERC2771Context(_trustedForwarder) {
    __trustedForwarder = _trustedForwarder;
  }

  function someFunction(uint256 data) public {
    // Access the real user address using _msgSender()
    address user = _msgSender();
    // Your function logic using user address and data
    msg.sender; // This will return the address of the trusted forwarder contract (for informational purposes)
    // Use user for further processing
  }

  function _msgSender() internal view override(ERC2771Context) returns (address sender) {
    return super._msgSender();
  }

}

 

Explanation:

 

  • We import ERC2771Context from OpenZeppelin.
  • The contract inherits from ERC2771Context.
  • The constructor takes the trusted forwarder address and sets it during deployment.
  • The someFunction demonstrates how to access the user's address retrieved by the overridden _msgSender() function.
  • We've also included the isTrustedForwarder function, which is required by ERC-2771 to identify the trusted forwarder contract
     

Also, Explore | ERC-721 Non-Fungible Token Standard Development
 

2. MinimalForwarder.sol (Trusted Forwarder Contract):

 

pragma solidity ^0.8.0;

contract MinimalForwarder {
    bytes32 private constant DOMAIN_SEPARATOR = keccak256(
        abi.encodePacked(
            "EIP712Domain(string name,string version,uint256 chainId,address verifyingContract)"
        )
    );

    mapping(address => uint256) private nonces;

    function getMessageHash(
        address from,
        address to,
        uint256 value,
        uint256 gas,
        uint256 nonce,
        bytes memory data
    ) public pure returns (bytes32) {
        bytes32 message = keccak256(
            abi.encodePacked(from, to, value, gas, nonce, data)
        );
        return keccak256(abi.encodePacked(message));

    }

    function verify(bytes memory sig, bytes32 messageHash, address from)
        public
        view
        returns (bool)
    {
        return recoverSigner(messageHash, sig) == from;
    }

    function recoverSigner(bytes32 messageHash, bytes memory sig)
    public
    pure
    returns (address)
{
    uint8 v = uint8(sig[64]);
    if (v < 27) {
        v += 27;
    }
    bytes32 r;
    bytes32 s;
    assembly {
        r := mload(add(sig, 32))
        s := mload(add(sig, 64))
    }
    return ecrecover(messageHash, v, r, s);
}


    function execute(
        address from,
        address to,
        uint256 value,
        uint256 gas,
        uint256 nonce,
        bytes memory data,
        bytes memory sig
    ) public {
        require(verify(sig, getMessageHash(from, to, value, gas, nonce, data), from), "Invalid signature");
        require(nonces[from] == nonce, "Invalid nonce");
        nonces[from] = nonce + 1;
        (bool success, bytes memory result) = to.call{value: value, gas: gas}(data);
        if (!success) {
            assembly {
                revert(result, mload(result))
            }
        }
    }
}

 

Explanation:

 

  • This contract is a simplified version of OpenZeppelin's MinimalForwarder.

 

You may also like | A Comprehensive Guide to ERC-6551 Token Standard

 

Conclusion


In conclusion, ERC-2771 offers a significant advancement in simplifying transactions within the Ethereum ecosystem. By providing a seamless method for smart contracts to cover gas costs, it reduces friction for users, fosters better adoption, and opens doors to new possibilities in decentralized applications. With its potential to enhance user experience and streamline interactions, ERC-2771 stands as a promising solution for the Ethereum community's ongoing development and growth.

 

If you are interested in developing your token on a popular ERC standard and wondering how to get started? Connect with Ethereum Developers for 

for more information.

 

References:

 

Category: Blockchain
Write an ERC 4626 Token Contract for Yield Bearing Vaults

In the world of decentralized finance (DeFi), yield-bearing vaults have become a popular mechanism for users to earn passive income on their crypto assets. These vaults typically involve the pooling of funds, which are then deployed into various DeFi protocols to generate yields. In this tutorial, we'll explore how to build an ERC-4626 token contract for such yield-bearing vaults. For more things related to DeFi, explore our deFi development services

 

Understanding ERC-4626:
 

ERC-4626 is a proposed standard for yield-bearing tokens in Ethereum, introduced to address the specific needs of tokens associated with yield-generating strategies. Unlike traditional ERC-20 tokens, ERC-4626 tokens are designed to represent ownership in a yield-bearing vault and may entitle holders to a share of the yields generated by the underlying assets.

 

Also, Read | A Comprehensive Guide to ERC-6551 Token Standard

 

Prerequisites:
 

Before diving into the implementation, make sure you have a basic understanding of Solidity, Ethereum smart contracts, and the ERC-20 token standard. You should also be familiar with concepts related to DeFi, such as liquidity provision, yield farming, and smart contract security.

 

Implementation:
 

We'll start by outlining the key features of our ERC-4626 token contract:

 

ERC-20 Compatibility: Our contract will extend the ERC-20 standard, allowing it to interact seamlessly with existing Ethereum wallets and decentralized exchanges (DEXs).

 

Vault Management: We'll incorporate functionality to allow a designated manager to control the vault's operations, including depositing and withdrawing assets, as well as updating parameters such as the yield-generating strategy.

 

Deposit and Withdrawal: Users should be able to deposit their assets into the vault to participate in yield generation and withdraw their holdings at any time.

 

Yield Generation: While the specifics of yield generation will vary depending on the chosen strategy, our contract will provide hooks for integrating with external DeFi protocols or custom logic.

 

You may also like | ERC-1155 | An Introduction to Multi Token Standard Development

 


//SPDX-License-Identifier: MIT
pragma solidity 0.8.7;
import "https://github.com/Rari-Capital/solmate/blob/main/src/tokens/ERC20.sol";

interface IERC20{
   function transferFrom(address A, address B, uint C) external view returns(bool);
   function approve() external view returns(uint256);
   function decimals() external view returns(uint256);
   function totalSupply() external view returns(uint256);
   function balanceOf(address account) external view returns(uint256);
   function transfer(address D, uint amount) external ;
}

interface IERC4626 { 
   function totalAssets() external view returns (uint256); 
}

contract vault is IERC4626, ERC20 {

   event Deposit(address caller, uint256 amt);
   event Withdraw(address caller, uint256 amt, uint256 per);
   ERC20 public immutable  token;
   
   mapping(address => uint256) shareHolder;
   constructor(ERC20 _token, string memory _name, string memory _symbol )
    ERC20(_name, _symbol, 18) {
       token = _token;
   }
   
   function deposit(uint256 _amount) public{
       require (_amount > 0, "Deposit less than Zero");
       token.transferFrom(msg.sender, address(this), _amount);
       shareHolder[msg.sender] += _amount;
       _mint(msg.sender, _amount);
       emit Deposit(msg.sender,  _amount);
   }

   function totalAssets() public view override returns(uint256) {
       return token.balanceOf(address(this));
   }    
   
   function redeem(uint256 _amount, address receiver ) internal  returns (uint256 assets) {
       require(shareHolder[msg.sender] > 0, "Not a share holder");
       shareHolder[msg.sender] -= _amount;
       uint256 per = (10 * _amount) / 100;
       
       _burn(msg.sender, _amount);
       assets =_amount + per;
       emit Withdraw(receiver, assets, per);
       return assets;
   }
   
   //  allow msg.sender to withdraw his deposit plus interest
   function withdraw(uint256 _amount, address receiver) public  {
       uint256 payout = redeem(_amount, receiver);
       token.transfer(receiver, payout);
   }
}

 

This contract provides basic functionality for depositing and withdrawing tokens from the vault. Users can deposit assets into the vault by calling the deposit function and withdrawing their holdings using the withdraw function. The contract also allows the owner to update the address of the yield-generating token.

 

Also, Explore | ERC-4337: Ethereum's Account Abstraction Proposal

 

Conclusion:


In this tutorial, we've explored the concept of building an ERC-4626 token contract for yield-bearing vaults in Ethereum. While the provided contract is a simplified example, it serves as a foundation that can be expanded upon to incorporate more sophisticated yield generation strategies and additional features.

 

When deploying such contracts to the Ethereum mainnet or any other blockchain, it's essential to thoroughly test the code, conduct audits, and ensure robust security measures are in place to protect users' funds.

 

By leveraging the power of smart contracts and DeFi protocols, developers can create innovative financial products that enable users to earn passive income and participate in the growing ecosystem of decentralized finance.

 

Interested in developing your project using one of the ERC standards, connect with our Ethereum developers to get started. 

 

References:

 

ERC-4626 Proposal: https://ethereum.org/developers/docs/standards/tokens/erc-4626 

Category: Blockchain
A Guide on How to Develop a Dutch Auction Smart Contract

This comprehensive guide takes you through the process of creating a Dutch Auction smart contract using Solidity. From explaining the concept of Dutch auctions and prerequisites to Hardhat project setup, this blog gives you insights into the entire smart contract development process. 

 

Understanding a Dutch Auction

 

Auctions function as public selling platforms, employing a bidding process where the highest bidder typically emerges as the winner, securing ownership of the item. A Dutch auction is like a special sale where the price of something starts high and gradually goes down. It's commonly used for things like flowers or food that can't last long. 

 

People can bid on the item, and whoever bids the most when the price is right wins. The tricky part is that the longer you wait, the cheaper it gets, but someone else might grab it first if you wait too long. So, it's a bit of a game to get a good deal without waiting too much.

 

Suggested Read | Top 5 Smart Contract Development Companies

 

Prerequisites for Dutch Auction Smart Contract Development

 

  • A MetaMask wallet
  • ETH on Sepolia testnet
  • Understanding of creating an ERC721 (NFT) smart contract

 

Multiple Step Explanation

 

Setup Hardhat Project

 

  • Step 1: Create a New Project Directory

 

Open your terminal and create a new directory for your Hardhat project:

 

mkdir your-project-name
cd your-project-name

 

  • Step 2: Initialize the Hardhat Project

 

Run the following command to initialize your project with Hardhat:

 

npx hardhat init

 

This command will set up the basic structure and configuration files for your Ethereum project.

 

  • Step 3: Project Structure

 

Your project structure will look something like this:

 

your-project-name/
|-- contracts/
|-- scripts/
|-- test/
|-- hardhat.config.js
|-- .gitignore
|-- artifacts/
|-- cache/
|-- node_modules/
|-- README.md
- contracts: This is where your Solidity smart contracts will reside.
- scripts: You can place your deployment scripts here.
- test: Write your tests for smart contracts here.
- hardhat.config.js: Configuration file for Hardhat.
- .gitignore: Gitignore file to exclude unnecessary files from version control.
- artifacts, cache, node_modules: Directories generated by Hardhat.

 

  • Step 4: Customize Configuration (Optional)

 

Open hardhat.config.js to customize your configuration. You can set up networks, add plugins, and define other settings based on your project requirements.

 

Check It Out | Code Analysis Tools for Solidity Smart Contracts

 

Create a Dutch Auction Smart Contract

 

We need to first create and deploy an NFT (non-fungible token) contract and mint the NFT. Create two solidity files, NFT.sol and dutchAuction.sol, in the contracts folder.


NFT.sol

 

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.20;

// Import necessary OpenZeppelin contracts
import "@openzeppelin/contracts/token/ERC721/ERC721.sol";
import "@openzeppelin/contracts/access/Ownable.sol";

// OodlesNFT contract inherits from ERC721 and Ownable
contract OodlesNFT is ERC721, Ownable {

    // Constructor to initialize the contract with the specified initial owner
    constructor(address initialOwner)
        ERC721("OodlesNFT", "ONFT")
        Ownable(initialOwner)
    {}

    // Function to safely mint a new token
    // Only the owner is allowed to call this function
    function safeMint(address to, uint256 tokenId) public onlyOwner {
        _safeMint(to, tokenId);
    }
}

 

This Solidity smart contract defines an ERC-721-compliant NFT named "OodlesNFT." The contract is created to represent unique digital assets on the blockchain. The SPDX-License-Identifier indicates that the contract is released under the MIT license. The contract inherits functionality from two OpenZeppelin contracts: ERC721, which establishes the basic structure for an ERC-721 token, and Ownable, which ensures that only the designated owner can execute certain functions.

 

The contract has a constructor that initializes the ERC721 token with the name "OodlesNFT" and the symbol "ONFT." The Ownable constructor sets the initial owner of the contract, specified during deployment.

 

The primary function of the contract is safeMint, which allows the owner to securely create and assign a new token to a specified address. This function is restricted to the owner only, ensuring that only the designated owner has the authority to mint new tokens. 

 

The minting process adheres to the ERC-721 standard, providing a safe and standardized way to create unique tokens on the Ethereum blockchain. Overall, this contract forms the foundation for managing and transferring ownership of NFTs within the OodlesNFT collection.

 

DutchAuction.sol

 

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/access/Ownable.sol";

// Interface for ERC-721 token
interface IERC721 {
    function transferFrom(
        address fromAddress,
        address toAddress,
        uint tokenId
    ) external;
}

contract DutchAuction is Ownable {
    // Duration of the Dutch auction
    uint private constant AUCTION_DURATION = 15 minutes;

    // Immutable state variables
    IERC721 public immutable nftContract;
    uint public immutable tokenId;
    address payable public immutable sellerAddress;
    uint public immutable initialPrice;
    uint public immutable priceDiscountRate;
    uint public immutable auctionStartTimestamp;
    uint public immutable auctionEndTimestamp;

    address public _owner;
    // Constructor initializes the Dutch auction parameters
    constructor(
        uint _initialPrice,
        uint _priceDiscountRate,
        address _nftContract,
        uint _tokenId,
        address initialOwner
    ) Ownable(initialOwner) {
        // Set the auction parameters
        sellerAddress = payable(msg.sender);
        initialPrice = _initialPrice;
        priceDiscountRate = _priceDiscountRate;
        auctionStartTimestamp = block.timestamp;
        auctionEndTimestamp = block.timestamp + AUCTION_DURATION;

        // Ensure initial price is feasible based on discount rate and duration
        require(_initialPrice >= _priceDiscountRate * AUCTION_DURATION, "Initial price is too low");

        // Initialize ERC-721 token interface
        nftContract = IERC721(_nftContract);
        tokenId = _tokenId;
        _owner = initialOwner;
    }

    // Function to calculate the current price of the token in the auction
    function getCurrentPrice() public view returns (uint) {
        uint timeElapsed = block.timestamp - auctionStartTimestamp;
        uint discount = priceDiscountRate * timeElapsed;
        return initialPrice - discount;
    }

    // Function for buyers to participate in the auction
    function participateInAuction() external payable {
        // Ensure the auction is still active
        require(block.timestamp < auctionEndTimestamp, "This auction has ended");

        // Get the current price of the token
        uint currentPrice = getCurrentPrice();

        // Ensure the sent ETH is sufficient to cover the token price
        require(msg.value >= currentPrice, "Sent ETH is less than the price of the token");

        // Transfer the token from the seller to the buyer
        nftContract.transferFrom(sellerAddress, msg.sender, tokenId);

        // Calculate and refund any excess ETH sent by the buyer
        uint refundAmount = msg.value - currentPrice;
        if (refundAmount > 0) {
            payable(msg.sender).transfer(refundAmount);
        }
    }

    /**
     * @dev Allows the owner to withdraw both ETH and ERC-20 tokens.
     * @param _to The destination address for the withdrawal.
     * @param _ethAmount The amount of ETH to withdraw.
     */
    function withdraw(
        address payable _to,
        uint256 _ethAmount
    ) external onlyOwner {
        require(address(_to) != address(0), "Invalid address");
        if (_ethAmount > 0 && address(this).balance >= _ethAmount) {
            _to.transfer(_ethAmount);
        }
    }
}

 

This Solidity smart contract represents a Dutch auction for an ERC-721 non-fungible token (NFT). A Dutch auction is a type of auction where the price of the item is gradually reduced until a buyer decides to purchase at the current price. Here's an explanation of the main functionalities:

 

The contract begins with defining a duration for the Dutch auction, set to 15 minutes. It then imports the Ownable contract from OpenZeppelin to manage ownership.

 

The DutchAuction contract itself takes several parameters during deployment, including the initial auction price, price discount rate per unit of time, the address of the ERC-721 NFT contract, the token ID, and the initial owner's address. The constructor sets up various immutable state variables, such as auction start and end timestamps, the seller's address, and the initial and discount prices.

 

The getCurrentPrice function calculates the current price of the NFT in the auction based on the elapsed time and the discount rate. The participateInAuction function allows buyers to participate in the auction by sending ETH. It checks if the auction is still active, calculates the current price, ensures the sent ETH is sufficient, transfers the NFT from the seller to the buyer, and refunds any excess ETH.

 

Lastly, the withdraw function allows the owner to withdraw ETH from the contract. It ensures a valid withdrawal address and checks the contract's balance before transferring the specified amount of ETH.

 

deploy.js

 

const hre = require("hardhat");

async function main() {
  const nft = await hre.ethers.deployContract("OodlesNFT", [
    "0x06C2479D95AEe2C66e3369440A92EC0AA2885Ea0",
  ]);

  await nft.waitForDeployment();

  console.log(`NFT ${nft.target}`);

  const dutchSmartContract = await hre.ethers.deployContract("Dutch", [
    "1000000000000000000",
    "1",
    nft.target,
    "1",
    "0x06C2479D95AEe2C66e3369440A92EC0AA2885Ea0"
  ]);

  await dutchSmartContract.waitForDeployment();

  console.log(`dutchSmartContract ${dutchSmartContract.target}`);
}

main().catch((error) => {
  console.error(error);
  process.exitCode = 1;
});

 

Change the configuration of hardhat.config.js 

 

require("@nomicfoundation/hardhat-toolbox");
require("@openzeppelin/hardhat-upgrades");

/** @type import('hardhat/config').HardhatUserConfig */

module.exports = {
  solidity: {
    compilers: [
      {
        version: "0.8.20",
        settings: {
          optimizer: {
            enabled: true,
            runs: 200,
          },
        },
      },
    ],
  },
  sourcify: {
    enabled: true
  },  
  networks: {
    sepolia: {
      url: `<RPC_URL>`,
      accounts: ["<PRIVATE_KEY>"],
    },
  },
  etherscan: {
    apiKey: "<NETWORK_API_KEY>",
  },
};
RUN:
deploy - npx hardhat run scripts/deploy.js --network  <network> 
verify - npx hardhat verify <Contract Address> --network <network> <constructor arguments>

 

Explore More | Best Practices for Smart Contract Development

 

Conclusion

 

If you've reached this point, well done! You're progressing toward solidifying your expertise in Solidity. Throughout this guide, we delved into the intricacies of smart contract auctions, exploring the process of crafting and deploying a Solidity smart contract specifically designed for Dutch auctions. 

 

If you are interested in smart contract development, then connect with our smart contract developers to get started.

Category: Blockchain
Prisma ORM : Simplifying Database Interactions

In the rapidly evolving landscape of application development, efficient and reliable database management is paramount. Prisma ORM emerges as a next-generation data mapping tool, meticulously designed to streamline database interactions, particularly for Node.js and TypeScript environments. Far beyond a traditional Object-Relational Mapper (ORM), Prisma offers a comprehensive toolkit that enhances developer productivity, ensures type safety, and facilitates seamless database operations.

 

Table of Contents

 

 

Introduction to Prisma ORM

 

Prisma ORM revolutionizes the way developers interact with databases by providing a type-safe and intuitive API. It abstracts the complexities of database queries, allowing developers to focus on building robust applications without getting bogged down by intricate SQL syntax. Prisma's modern approach addresses many limitations of traditional ORMs, offering enhanced performance, scalability, and developer experience.

 

Key Features of Prisma

 

  • Type Safety: Ensures that database queries are type-checked at compile time, reducing runtime errors.
  • Intuitive Query Builder: Simplifies complex queries with a fluent and expressive API.
  • Automatic Migrations: Streamlines database schema changes with automated migration scripts.
  • Prisma Studio: A powerful visual interface for managing and exploring your database.
  • Performance Optimization: Efficient query generation and execution for faster data retrieval and manipulation.
  • Comprehensive Documentation: Extensive resources and community support to facilitate learning and troubleshooting.

 

You may also like | Native vs. Hybrid vs. Web | Choosing Mobile App Development

 

Prerequisites

 

Before diving into Prisma ORM, ensure you have the following set up:

  • Node.js and npm (or Yarn): Ensure you have the latest version of Node.js and a package manager like npm or Yarn installed.
  • TypeScript Knowledge: While not mandatory, a basic understanding of TypeScript is highly recommended to leverage Prisma's full potential.
  • Supported Database: Prisma supports several databases, including:
    • PostgreSQL
    • MySQL
    • SQLite
    • SQL Server

 

Step-by-Step Guide to Using Prisma ORM

 

Installation

 

Begin by installing the Prisma CLI globally and initializing a new Prisma project within your directory.

 

Install Prisma CLI Globally

 

npm install -g prisma

 

Initialize a Prisma Project

 

Navigate to your project directory and initialize Prisma:

 

prisma init

 

This command sets up the necessary Prisma files, including the schema.prisma file where you'll define your data models.

 

Defining Your Data Model

 

The schema.prisma file is the heart of your Prisma setup. Here, you define your data models using Prisma's declarative schema language.

 

Example: Defining a User Model

 

model User {
  id    Int     @id @default(autoincrement())
  name  String?
  email String  @unique
}

 

Explanation:

 

  • id: An integer field that serves as the primary key, automatically incremented.
  • name: An optional string field for the user's name.
  • email: A unique string field ensuring no duplicate email addresses.

 

Also, Check | Cloud-based App Development | A Quintessential Guide

 

 

Generating Prisma Client

 

Prisma Client is an auto-generated, type-safe query builder tailored to your schema. It allows seamless interaction with your database.

 

Pull Existing Database Schema (Optional)

 

If you already have a database, you can introspect it to generate the corresponding Prisma schema:

 

npx prisma db pull

 

Generate Prisma Client

 

Generate the Prisma Client based on your schema:

 

npx prisma generate

 

Performing Database Operations

 

With Prisma Client generated, you can now perform various database operations in your application code.

 

Example: Creating and Retrieving a User

 

const { PrismaClient } = require('@prisma/client');

const prisma = new PrismaClient();

async function main() {
  // Create a new user
  const newUser = await prisma.user.create({
    data: {
      name: 'Yogesh',
      email: '[email protected]',
    },
  });

  console.log('User Created:', newUser);

  // Retrieve the created user by email
  const user = await prisma.user.findUnique({
    where: {
      email: '[email protected]',
    },
  });

  console.log('Retrieved User:', user);
}

main()
  .catch((e) => {
    throw e;
  })
  .finally(async () => {
    await prisma.$disconnect();
  });

 

Explanation:

 

  • Creating a User: Uses prisma.user.create to add a new user to the database.
  • Retrieving a User: Uses prisma.user.findUnique to fetch the user based on the unique email field.
  • Error Handling: Catches and throws errors, ensuring the Prisma Client disconnects gracefully.

\

You may also like | Cross-platform Mobile App Development

 

Managing Migrations

 

Prisma Migrate handles your database schema changes, ensuring your database evolves alongside your application.

 

Create and Apply Migrations

 

After defining or modifying your data models, run:

 

prisma migrate dev --name init

 

Replace init with a descriptive name for your migration. This command creates the migration files and applies them to your database.

 

Review Migration History

 

Prisma keeps track of migration history, allowing you to manage and revert changes as needed.

 

Benefits of Using Prisma ORM

 

Simplicity and Developer Productivity

 

Prisma's intuitive API and automated client generation significantly reduce the boilerplate code required for database interactions. Developers can write cleaner, more readable code, focusing on business logic rather than intricate query syntax.

 

Type Safety

 

By leveraging TypeScript, Prisma enforces type safety at compile time. This eliminates a class of runtime errors related to type mismatches, enhancing code reliability and maintainability.

 

Improved Data Modeling

 

Prisma's declarative schema provides a single source of truth for your database structure. This unified approach simplifies data modeling, making it easier to visualize and manage complex relationships between data entities.

 

Efficient Migrations

 

Prisma Migrate automates the process of evolving your database schema. It generates migration scripts based on schema changes, ensuring consistency and reducing the potential for human error during database updates.

 

Enhanced Developer Experience

 

Prisma Studio offers a visual interface for exploring and managing your database. It simplifies tasks such as data inspection, editing, and debugging, fostering collaboration and accelerating development workflows.

 

Also, Discover | iOS App Development | Understanding its Fundamentals

 

Challenges and Considerations

 

Learning Curve

 

While Prisma simplifies many aspects of database management, there is an initial learning curve associated with understanding its schema language and tooling ecosystem.

 

Limited Support for NoSQL Databases

 

Prisma primarily focuses on relational databases. Developers working with NoSQL databases like MongoDB may find Prisma's support limited compared to other ORMs tailored for NoSQL environments.

 

Performance Overheads

 

In some scenarios, the abstraction layer introduced by Prisma may introduce performance overheads. It's essential to profile and optimize queries, especially for high-performance applications.

 

Maturity and Community

 

Although Prisma has a rapidly growing community and robust documentation, it may not yet match the maturity and extensive community support of more established ORMs like Sequelize or TypeORM.

 

Also, Explore | Hybrid App Development | An Introductory Guide

 

Conclusion

 

Prisma ORM stands out as a powerful and modern tool for managing database interactions in Node.js and TypeScript applications. Its emphasis on type safety, developer productivity, and seamless integration with modern development workflows addresses many of the pain points associated with traditional ORMs. By providing an intuitive schema language, automated migrations, and a type-safe client, Prisma empowers developers to build scalable and maintainable applications with ease. As the ecosystem continues to evolve, Prisma is poised to become an indispensable asset in the developer's toolkit, driving efficiency and innovation in database management.

 

Frequently Asked Questions (FAQ)

 

What is Prisma ORM?

 

Prisma ORM is a modern data mapping tool that simplifies database interactions for developers. It provides a type-safe and intuitive API for querying and manipulating databases, primarily focusing on Node.js and TypeScript environments.

 

How does Prisma differ from traditional ORMs?

 

Unlike traditional ORMs that often rely on complex and error-prone query builders, Prisma offers a declarative schema language, type safety through TypeScript, and automated client generation. This results in cleaner, more maintainable code and reduces the likelihood of runtime errors.

 

Which databases does Prisma support?

 

Prisma supports several relational databases, including:

  • PostgreSQL
  • MySQL
  • SQLite
  • SQL Server

Additionally, Prisma has experimental support for MongoDB, catering to NoSQL database needs.

 

What are Prisma Migrate and Prisma Studio?

 

  • Prisma Migrate: A tool for managing and automating database schema migrations. It generates and applies migration scripts based on changes in your Prisma schema.
  • Prisma Studio: A visual interface for interacting with your database. It allows you to explore, edit, and manage your data without writing SQL queries.

 

Is Prisma suitable for large-scale applications?

 

Yes, Prisma is designed to handle large-scale applications. Its efficient query generation, type safety, and robust migration system make it suitable for both small projects and enterprise-level applications. However, it's essential to monitor performance and optimize queries as needed.

 

Can Prisma be used with frameworks other than Node.js?

 

Prisma is primarily built for Node.js and TypeScript environments. While it may be possible to integrate Prisma with other ecosystems, its tooling and client generation are optimized for JavaScript and TypeScript applications.

 

How does Prisma ensure type safety?

 

Prisma generates a Prisma Client based on your schema, which includes TypeScript types for all models and fields. This ensures that any database queries you write are type-checked at compile time, preventing type-related runtime errors.

 

What is the Prisma Client?

 

The Prisma Client is an auto-generated, type-safe query builder tailored to your Prisma schema. It allows you to perform CRUD operations and complex queries on your database with ease, leveraging TypeScript's type system for enhanced reliability.

 

How do I handle database migrations with Prisma?

 

Prisma handles migrations through the Prisma Migrate tool. After defining or updating your data models in the schema.prisma file, you run migration commands (e.g., prisma migrate dev) to generate and apply migration scripts to your database, ensuring schema consistency.

 

Can Prisma be integrated with existing databases?

 

Yes, Prisma can introspect existing databases to generate the corresponding Prisma schema. By using the prisma db pull command, Prisma can analyze your current database structure and create a Prisma schema that reflects it, facilitating integration with existing systems.

 

What resources are available for learning Prisma?

 

Prisma offers comprehensive resources to help you get started and master the tool:

 

 

Prisma ORM exemplifies the fusion of modern development practices with robust database management. By prioritizing type safety, developer experience, and efficient tooling, Prisma empowers developers to build scalable, reliable, and maintainable applications with confidence. If you are looking to build your project using emerging technologies, consider connecting our skilled app developers to get started. 

Category: Blockchain
A Comprehensive Guide to Fungible Token Development on Hedera

This article explores a step-by-step guide on fungible token development on the Hedera Hashgraph network using JavaScript and the Hedera Hashgraph SDK. 

 

Hedera Hashgraph

 

Hedera Hashgraph is a distributed ledger technology and blockchain alternative that employs a unique consensus algorithm called Hashgraph. Designed for efficiency, security, and scalability, Hedera offers fast and fair transactions and utilizes a decentralized governance model. Its native cryptocurrency, HBAR, facilitates network operations and incentivizes users. Hedera's consensus mechanism achieves consensus asynchronously and avoids the energy-intensive proof-of-work approach. 

 

With features like smart contracts and file storage, Hedera aims to provide a robust platform for decentralized applications while prioritizing stability and sustainability in the evolving landscape of blockchain technology.

 

Check It Out | Hedera Hashgraph | Moving Beyond Blockchain

 

Prerequisites

 

Before diving into the code, ensure you have the following:

 

Hedera Testnet Account:

 

  • Set up a testnet account on Hedera Hashgraph to obtain your operator's private key and account ID.
  • Create a .env file to store your operator's private key (OPERATOR_PVKEY) and account ID (OPERATOR_ID).

 

npm i dotenv @hashgraph/sdk
const {
  ContractCreateFlow,
  AccountId,
  Client,
  PrivateKey,
  AccountBalanceQuery,
  // ... other imports ...
} = require("@hashgraph/sdk");
require("dotenv").config();

const operatorKey = PrivateKey.fromString(process.env.OPERATOR_PVKEY);
const operatorId = AccountId.fromString(process.env.OPERATOR_ID);
const client = Client.forTestnet().setOperator(operatorId, operatorKey);

async function main() {
  // ... code for client initialization ...

  let tokenCreateTx = await new TokenCreateTransaction()
    .setTokenName("HTSB")
    .setTokenSymbol("HTSB")
    .setTokenType(TokenType.FungibleCommon)
    .setDecimals(3)
    .setInitialSupply(100000000000000)
    .setTreasuryAccountId(operatorId)
    .freezeWith(client)
    .sign(operatorKey);

  let tokenCreateSubmit = await tokenCreateTx.execute(client);
  let tokenCreateRx = await tokenCreateSubmit.getReceipt(client);
  let tokenId = tokenCreateRx.tokenId;
  console.log(` - Created fungible token with ID: ${tokenId}`);
}

 

  • Creates a fungible token using the TokenCreateTransaction class.
  • Configures various parameters for the token, including name, symbol, type, decimals, initial supply, and treasury account.
  • Signs and executes the transaction on the Hedera network.
  • Retrieves the transaction receipt to obtain the generated token ID.

 

Also, Discover | Deploying a Smart Contract on Hedera Hashgraph Network with Java

 

Conclusion

 

Creating fungible tokens on Hedera Hashgraph is a straightforward process, thanks to the Hedera SDK. This functionality opens up opportunities for various use cases, including creating digital currencies, loyalty points, and much more. 

 

If you are interested in fungible token development, then connect with our blockchain developers.

A Quick Guide to Setting Up a Cardano Node

A Cardano node is a software application that runs on a computer and connects to the Cardano blockchain network. Nodes are responsible for maintaining a copy of the blockchain ledger, validating transactions, and producing new blocks.

Cardano nodes are essential for the security and decentralization of the network. By running a node, you are helping to ensure that the blockchain is accurate and that transactions are processed fairly.

To run a Cardano node, you will need a computer with a reliable internet connection. You will also need to install the Cardano node software.

Setting up a Cardano node involves several steps, and it's a somewhat technical process. Before you begin, make sure you have the necessary hardware, software, and familiarity with command-line tools. Here's a high-level overview of how to set up a Cardano node:

Prerequisites:

Hardware Requirements:

  1. A reasonably powerful computer or server with sufficient CPU, RAM, and storage.
  2. A stable internet connection.

Operating System:

  1. Cardano nodes can run on various operating systems, but Linux is commonly used (e.g., Ubuntu).

Software Dependencies:

  1. Install necessary software dependencies such as Git, GHC (Glasgow Haskell Compiler), and Cabal (a build tool for Haskell).

Steps to Set Up a Cardano Node:

Linux
 

sudo apt-get update -y && sudo apt-get upgrade -y

sudo apt-get install automake build-essential pkg-config libffi-dev libgmp-dev libssl-dev libtinfo-dev libsystemd-dev zlib1g-dev make g++ tmux git jq wget libncursesw5 libtool autoconf -y

If you are using a different flavor of Linux, you will need to utilize the appropriate package manager for your platform, instead of yum or apt-get, and the package names you need to install may vary.

Installation of GHC and Cabal The quickest method for installing GHC (Glasgow Haskell Compiler) and Cabal (Common Architecture for Building Applications and Libraries) involves using ghcup.

To install ghcup, execute the following command:

curl --proto '=https' --tlsv1.2 -sSf https://get-ghcup.haskell.org | sh

ghcup will attempt to detect your shell and prompt you to add it to the environment variables. Kindly restart your shell or terminal after installing ghcup.

ghcup --version

The GHCup Haskell installer, version 0.1.19.2

ghcup will install the most recent stable release of Cabal. Nevertheless, as of the time of writing, Input-Output recommends the use of Cabal version 3.6.2.0. Therefore, we will employ ghcup to install and switch to the specified version.

ghcup install cabal 3.6.2.0

ghcup set cabal 3.6.2.0

Downloading & Compiling

mkdir -p $HOME/cardano-src

cd $HOME/cardano-src

Following that, we will proceed to download, compile, and install libsodium.

git clone https://github.com/input-output-hk/libsodium

cd libsodium

git checkout dbb48cc

./autogen.sh

./configure

make

sudo make install

Next, you should append the following environment variables to your shell profile. Depending on your preferred shell application (e.g., $HOME/.zshrc or $HOME/.bashrc), add the following lines to the end of your shell profile/configuration file. This step informs the compiler that libsodium is present on your system.

export LD_LIBRARY_PATH="/usr/local/lib:$LD_LIBRARY_PATH"

export PKG_CONFIG_PATH="/usr/local/lib/pkgconfig:$PKG_CONFIG_PATH"

Download and install libsecp256k1:

cd $HOME/cardano-src

git clone https://github.com/bitcoin-core/secp256k1

cd secp256k1

git checkout ac83be33

./autogen.sh

./configure --enable-module-schnorrsig --enable-experimental

make

make check

sudo make install

Now we are ready to download, compile and install cardano-node and cardano-cli

cd $HOME/cardano-src
git clone https://github.com/input-output-hk/cardano-node.git

cd cardano-node

git fetch --all --recurse-submodules --tags

Switch the repository to the most recent tagged commit:

git checkout $(curl -s https://api.github.com/repos/input-output-hk/cardano-node/releases/latest | jq -r .tag_name)

 

cabal configure --with-compiler=ghc-8.10.7

During some installations, you may encounter the following warning: "Warning: The package list for 'cardano-haskell-packages' does not exist. To resolve this issue, run 'cabal update' to download it. It is advisable to run 'cabal update' for each installation, even if you do not encounter this specific error, as it can also address other issues stemming from changes to the package list."

If you are running non x86/x64 platform (eg. ARM) please install and configure LLVM with:

sudo apt install llvm-9
sudo apt install clang-9 libnuma-dev
sudo ln -s /usr/bin/llvm-config-9 /usr/bin/llvm-config
sudo ln -s /usr/bin/opt-9 /usr/bin/opt
sudo ln -s /usr/bin/llc-9 /usr/bin/llc
sudo ln -s /usr/bin/clang-9 /usr/bin/clang

Building and installing the node

cabal update

cabal build all

mkdir -p $HOME/.local/bin

cp -p "$(./scripts/bin-path.sh cardano-node)" $HOME/.local/bin/

cp -p "$(./scripts/bin-path.sh cardano-cli)" $HOME/.local/bin/

To enable your shell or terminal to recognize "cardano-node" and "cardano-cli" as global commands, you need to add the following line to your shell profile configuration file, which can be either $HOME/.zshrc or $HOME/.bashrc, depending on the shell application you are using.

export PATH="$HOME/.local/bin/:$PATH"

After saving the changes, refresh your shell profile by entering the command source $HOME/.zshrc or source $HOME/.bashrc (depending on the shell application you are using).

To confirm the installed version, run:

cardano-cli --version

cardano-node --version

You've completed the installation of Cardano components on your Linux system successfully! 🎉🎉🎉

Fireblocks Wallets as a Service: Exploring its Benefits

The rise of digital assets has led to a growing demand for secure and reliable custody solutions. Many businesses are looking for reliable solutions to initiate their cryptocurrency wallet development processes. Fireblocks, a leading provider of institutional-grade digital asset custody, offers one such solution. Fireblocks wallets-as-a-service for custodial wallets helps create, manage, and secure crypto wallets. This article explores the benefits and features of Fireblocks' custodial wallet service. 

 

Fireblocks Wallets-as-a-Service

 

Fireblocks Wallets-as-a-Service is an Application Programming Interface (API) based solution that enables developers to build, manage, and secure custodial wallets. It has zero counterparty risk. This advanced API empowers developers to effortlessly perform on-chain interactions, from interacting with smart contracts to monitoring transaction statuses. 

 

It offers a wide range of features and benefits that make it the best choice for the secure storage of your digital assets. Fireblocks provides a user-friendly interface to simplify wallet management for institutions. The intuitive dashboard allows for easy asset tracking, real-time transaction monitoring, and swift fund transfers across multiple blockchains. 

 

Suggested Post | How to Create a Crypto Wallet | A Comprehensive Guide

 

Understanding the Benefits

 

Fireblocks' custodial wallet-as-a-service offers several features. One of its key features is its multi-party computation (MPC) technology. 

 

MPC is a cryptographic technique to enable different parties to jointly control a single asset without revealing their individual keys. This technology makes it virtually impossible for hackers to steal your assets, even if they compromise one of Fireblocks' servers.

 

Check It Out | Custodial Vs Non-Custodial Crypto Wallets: Getting Into Details

 

Additional Features of Fireblocks Wallets-as-a-Service

 

In addition to its strong security features, Fireblocks also offers a number of other features, including:

 

  • Security: Fireblocks' custody platform is built on top of MPC technology, which is considered to be one of the most secure cryptographic techniques available. MPC ensures that your assets cannot be stolen even if one of Fireblocks' servers is compromised.
  • Compliance: Fireblocks fully complies with all major regulatory frameworks, including the CFTC, FINRA, and the SEC. This means that you can be confident that your assets are being held in a compliant and secure manner.
  • Scalability: Fireblocks' platform is designed to scale to meet the needs of even the most prominent institutions. This means that you can be confident that your assets will be able to grow with your business.
  • Ease of use: Fireblocks' platform is easy to use, even for non-technical users. This makes it a great choice for businesses of all sizes.

 

If you're looking for a secure, compliant, and scalable way to store your digital assets, then Fireblocks' custodial wallets-as-a-service is the best choice for you. Connect with our blockchain developers if you are interested in utilizing Fireblocks wallets-as-a-service for custodial wallet developement.

Building a Chatbot based on Blockchain

What is a Blockchain-based Chatbot

 

A blockchain-based chatbot is a chatbot that leverages blockchain technology as a core component to enhance its functionality, security, and transparency. This type of chatbot incorporates the decentralized and immutable nature of blockchain and is developed using blockchain development services.

 

Here are some key characteristics and advantages of a blockchain-based chatbot:

 

Decentralization

 

A blockchain-based chatbot operates on a decentralized network of nodes, removing the need for a central authority. This decentralization ensures that no single entity has control over the chatbot's operations, making it resistant to censorship and single points of failure.

 

Immutable and Transparent Chat History:

 

The chat history in a blockchain-based chatbot is stored on the blockchain, which ensures its immutability. Once a message is added to the blockchain, it cannot be modified or deleted. This transparency builds trust and allows users to verify the authenticity of the chatbot's responses.

 

Also, Explore | Exploring the Synergy of Blockchain and Chatbot Technology

 

Now Open the Remix and paste the following code:

 

// SPDX-License-Identifier: MIT

pragma solidity ^0.8.0;

contract Chatbot {

struct Message {

address sender;

string content;

}

 

Message[] public chatHistory;

 

event MessageSent(address sender, string content);

 

function sendMessage(string memory message) public {

Message memory newMessage = Message(msg.sender, message);

chatHistory.push(newMessage);

emit MessageSent(msg.sender, message);

}

 

function getChatHistoryLength() public view returns (uint) {

return chatHistory.length;

}

 

function getMessage(uint index) public view returns (address, string memory) {

require(index < chatHistory.length, "Invalid message index");

Message memory message = chatHistory[index];

return (message.sender, message.content);

}

}

 

 Now, deploy the contract on the Sepolia network.

 

Open the VS code and setup the node js project 

  

npm init --y 
npm i ethers

 

Copy the following code:

 

const { ethers } = require("ethers");

const contractABI = require("./Chatbot.json"); // Contract ABI

const contractAddress = "0x002D7EF6B4Bd982eD4D05D56744401fbeC7703f4";

 

const provider = new ethers.JsonRpcProvider(

"https://sepolia.infura.io/v3/API_KEY"

);

const contract = new ethers.Contract(contractAddress, contractABI, provider);

 

async function contractEvents() {

contract.on("MessageSent", async (param1, param2, pair, amount, event) => {

const chatBotPrivateKey =

"";

const chatBotWallet = await connectWallet(chatBotPrivateKey);

await sendResponse(param1, param2, chatBotWallet);

});

}

 

async function connectWallet(walletPrivateKey) {

try {

const wallet = new ethers.Wallet(walletPrivateKey, provider);

const connectedWallet = wallet.connect(provider);

 

console.log("Wallet connected:", connectedWallet.address);

return connectedWallet;

} catch (error) {

console.error("Failed to connect with wallet:", error);

return null;

}

}

 

async function sendMessage(message, wallet) {

try {

const contractWithSigner = contract.connect(wallet);

const transaction = await contractWithSigner.sendMessage(message);

await transaction.wait();

 

console.log("Message sent to the blockchain:", transaction.hash);

} catch (error) {

console.error("Failed to send the message:", error);

}

}

 

async function sendResponse(param1, param2, chatBotWallet) {

if (param1 !== "0x06C2479D95AEe2C66e3369440A92EC0AA2885Ea0") {

if (param2.includes("Hello") || param2.includes("Hii")) {

try {

const contractWithSigner = contract.connect(chatBotWallet);

const transaction = await contractWithSigner.sendMessage(

"Hello! How can I assist you today?"

);

await transaction.wait();

 

console.log("Message sent to the blockchain:", transaction.hash);

} catch (error) {

console.error("Failed to send the message:", error);

}

} else {

try {

const contractWithSigner = contract.connect(chatBotWallet);

const transaction = await contractWithSigner.sendMessage(

"I'm sorry, but I'm having trouble understanding your message. It seems to be a random string of characters. If you have any specific questions or need assistance with something, please let me know, and I'll be happy to help!"

);

await transaction.wait();

 

console.log("Message sent to the blockchain:", transaction.hash);

} catch (error) {

console.error("Failed to send the message:", error);

}

}

}

}

 

async function main() {

const walletPrivateKey =

""; // Replace with your private key

const wallet = await connectWallet(walletPrivateKey);

 

if (wallet) {

await contractEvents();

await sendMessage("Hello, blockchain!", wallet);

}

}

 

main();

 

 Run node index.js

 

Wallet connected: 0xD5de11DDaaE10Ee4607a22b3AAC2259450aeE859
Wallet connected: 0x06C2479D95AEe2C66e3369440A92EC0AA2885Ea0
Message sent to the blockchain: 0x86b5934eca8de572c04c2fd52563c87c671360b6ef6fbedf96906914b61ecf31
Message sent to the blockchain: 0x05c8e5a834854f117221bf67a163ca5a1a3dfe10d155a253391ed89c8d7571e1

 

If you are interested in developing a similar project, you may connect with our skilled blockchain developers to get started. 

Oracle Development Using Ethereum Smart Contracts

Smart contract development plays a crucial role in oracle development and enables the seamless integration of real-world data into blockchain networks. With smart contracts, oracles can securely and autonomously retrieve and verify external data. Let's explore the process of developing an oracle using an Ethereum smart contract.

 

Oracle Development Using Ethereum Smart Contracts

 

Oracles were created to enhance the possibilities of collaboration on blockchains. They establish connections between blockchains and external systems, enabling access to data from off-chain sources. Oracles act as a trusted source of information for the blockchain, providing secure gateways to off-chain systems. This allows smart contract applications to verify external events and trigger actions on external services.

 

Oracles essentially function as a link between two environments: the on-chain environment representing the blockchain network and the off-chain environment representing external systems in the real world.

 

Suggested Post | Blockchain Oracles | Making Smart Contracts Talk to the World

 

pragma solidity >=0.7.0 <0.9.0;

import "@chainlink/contracts/src/v0.8/interfaces/AggregatorV3Interface.sol";

contract EthPrice {

AggregatorV3Interface internal ethFeed;

bytes32 ethHash = keccak256(abi.encodePacked("ETH"));

constructor(_address) {

ethFeed = AggregatorV3Interface(_address);

}

function getEthPrice() public view returns (int) {(

uint80 roundID,

int price,

uint startedAt,

uint timeStamp,

uint80 answeredInRound

) = ethFeed.latestRoundData();

return price;

}

}

 

To get the address _address(Price feed contract address) of  click here
 

 

Deploy the contract from the Deployment tab in Remix and run the function.

 

This code represents a Solidity smart contract called EthPrice that retrieves the latest price of Ethereum (ETH) using a Chainlink price feed.

 

Here's a breakdown of the code:

 

  • The contract starts with SPDX-License-Identifier, which specifies the license under which the code is released.
  • The pragma statement defines the version range of Solidity that the contract is compatible with.
  • The import statement imports the AggregatorV3Interface from the Chainlink library. This interface provides functions to interact with Chainlink price feed contracts.
  • The EthPrice contract has an internal variable ethFeed of type AggregatorV3Interface. It will be used to interact with the Chainlink price feed.
  • The ethHash variable stores the keccak256 hash of the string "ETH". This can be used as an identifier or key for Ethereum.
  • The constructor function is used to initialize the contract. It takes an _address parameter representing the address of the Chainlink price feed contract. It assigns the provided address to ethFeed.
  • The getEthPrice function is a view function that retrieves the latest ETH price from the Chainlink price feed. It returns the price as an int.
    • Inside the function, a tuple is defined to store the return values of the latestRoundData function from the ethFeed contract.
    • The latestRoundData function fetches the latest round data from the Chainlink price feed.
    • The price value is extracted from the tuple and returned.

 

In summary, the EthPrice contract interacts with a Chainlink price feed to retrieve the latest price of Ethereum (ETH) and provides a function getEthPrice to access this price from other contracts or externally.

 

Interested in Oracle development using smart contracts? Connect with our smart contract developers to get started. 

Create a Simple Dividend ERC20 token

How to Create a Dividend ERC 20 Token Contract

 

To create a dividend ERC20 token, you will need to implement a smart contract on the Ethereum blockchain that tracks the balance of each token holder and distributes dividends to them based on the number of tokens they hold.

 

A dividend ERC20 token is a type of ERC20 token that allows its holders to receive periodic dividend payments based on the number of tokens they hold. In other words, a dividend token is designed to distribute profits or earnings to its token holders.

 

Dividend tokens work by incorporating a dividend distribution mechanism into their smart contract code. This mechanism is typically triggered at regular intervals, such as monthly or quarterly, and distributes a portion of the token's revenue or profits to its holders. The distribution is usually based on the proportion of tokens each holder holds.

 

For example, suppose you hold 1% of a dividend token's total supply, and the token generates $10,000 in revenue in a given month. If the token's dividend distribution rate is set at 5%, you would be entitled to receive $50 in dividends for that month.

 

Creating an ERC-20 Token Contract

 

//SPDX-License-Identifier: Unlicense

pragma solidity 0.8.4;

 

import { ERC20 } from "@openzeppelin/contracts/token/ERC20/ERC20.sol";

import { Ownable } from "@openzeppelin/contracts/access/Ownable.sol";

import { ReentrancyGuard } from "@openzeppelin/contracts/security/ReentrancyGuard.sol";

 

contract DToken is Ownable, ReentrancyGuard, ERC20 {

 

uint256 constant public MAX_SUPPLY = 100 ether;

uint32 constant private MULTIPLIER = 1e9; // in gwei

 

/// @notice Eth share of each token in gwei

uint256 dividendPerToken;

mapping(address => uint256) xDividendPerToken;

/// @notice Amount that should have been withdrawn

mapping (address => uint256) credit;

 

/// @notice State variable representing amount withdrawn by account in ETH

mapping (address => uint256) debt;

 

/// @notice If locked is true, users are not allowed to withdraw funds

bool public locked;

 

event FundsReceived(uint256 amount, uint256 dividendPerToken);

 

modifier mintable(uint256 amount) {

require(amount + totalSupply() <= MAX_SUPPLY, "amount surpasses max supply");

_;

}

modifier isUnlocked() {

require(!locked, "contract is currently locked");

_;

}

 

receive() external payable {

require(totalSupply() != 0, "No tokens minted");

dividendPerToken += msg.value * MULTIPLIER / totalSupply();

// gwei Multiplier decreases impact of remainder though

emit FundsReceived(msg.value, dividendPerToken);

}

 

constructor(string memory name_, string memory symbol_) ERC20(name_, symbol_) {

locked = true;

}

 

function mint(address to_, uint256 amount_) public onlyOwner mintable(amount_) {

_withdrawToCredit(to_);

_mint(to_, amount_);

}

 

function toggleLock() external onlyOwner {

locked = !locked;

}

 

/// @notice Withdraw Eth from contract onto the caller w.r.t balance of token held by caller

/// @dev Reentrancy Guard modifier in order to protect the transaction from reentrancy attack

function withdraw() external nonReentrant isUnlocked {

uint256 holderBalance = balanceOf(_msgSender());

require(holderBalance != 0, "DToken: caller possess no shares");

 

uint256 amount = ( (dividendPerToken - xDividendPerToken[_msgSender()]) * holderBalance / MULTIPLIER);

amount += credit[_msgSender()];

credit[_msgSender()] = 0;

xDividendPerToken[_msgSender()] = dividendPerToken;

 

(bool success, ) = payable(_msgSender()).call{value: amount}("");

require(success, "DToken: Could not withdraw eth");

}

 

/// @notice In extreme cases (i.e. lost tokens) leading to unaccessed funds, owner can resort to this function

/// @dev Putting this function there requires trust from the community, hence, this needs to be discussed

function emergencyWithdraw() external onlyOwner {

(bool success, ) = payable(owner()).call{value: address(this).balance}("");

require(success, "DToken: Could not withdraw eth");

 

}


 

//=================================== INTERNAL ==============================================

function _beforeTokenTransfer(

address from,

address to,

uint256 amount

) internal override {

if(from == address (0) || to == address(0)) return;

// receiver first withdraw funds to credit

_withdrawToCredit(to);

_withdrawToCredit(from);

}

 

//=================================== PRIVATE ==============================================

 

function _withdrawToCredit(

address to_

) private

{

uint256 recipientBalance = balanceOf(to_);

if(recipientBalance != 0) {

uint256 amount = ( (dividendPerToken - xDividendPerToken[to_]) * recipientBalance / MULTIPLIER);

credit[to_] += amount;

}

xDividendPerToken[to_] = dividendPerToken;

}

}

 

If you want more information related to Ethereum-based dApp development or want to get started with a project, you may connect with our skilled blockchain developers

Create and Deploy a Smart Contract on the NEAR Protocol

Touted as an Ethereum killer, NEAR Protocol is a decentralized blockchain app development platform. It aims to make it easier and user-friendly for developers to develop dApp. Its native token is NEAR, which users use to pay transaction fees and storage on the NEAR platform.

 

NEAR Protocol is the best example of a third-generation digital ledger. It focuses on solving scalability issues. To promote decentralized finance, it rewards the network to build and deploy dApps in the ecosystem.

 

The two distinct parts of the NEAR Protocol

 

- Native token named NEAR

 

- Smart Contracts

 

They manage the on-chain storage. Modification of data.

 

Interactions with Smart Contract-(s):-

 

We can interact with the contracts that we deploy as well as that others deploy.

 

How to create a Smart Contract on NEAR Protocol 

 

https://wallet.testnet.near.org and select the ‘create account’ option. Then, insert the testnet account name that you wish to use

 

Pre-requisites

 

  • Rust toolchain
  • A NEAR account
  • NEAR command-line interface (near-cli)

 

Set up requirements

 

Using the Rust environment create a NEAR account and then install near-cli.

 

  • Install Rust toolchain
  • Install the Rustup

 

Install the Rustup:

 

curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh

 

Configure the current shell

 

Insert the following command into the configuration of your current shell:

 

source $HOME/.cargo/env


Add the wasm target to the blockchain network

 

rustup target add wasm32-unknown-unknown

 

Repository Creation

 

cargo new calculator
cd calculator

 

Editing Cargo.toml

 

[package]
name = "rust-counter-tutorial"
version = "0.1.0"
authors = ["NEAR Inc <[email protected]>"]
edition = "2018"
[lib]
crate-type = ["cdylib", "rlib"]
[dependencies]
near-sdk = "3.1.0"
[profile.release]
codegen-units = 1
# Tell `rustc` to optimize for small code size.
opt-level = "z"
lto = true
debug = false
panic = "abort"
# Opt into extra safety checks on arithmetic operations https://stackoverflow.com/a/64136471/249801
overflow-checks = true
 
Create Lib.rs
 
use near_sdk::borsh::{self, BorshDeserialize, BorshSerialize};
use near_sdk::{env, near_bindgen};
 
near_sdk::setup_alloc!();
 
#[near_bindgen]
#[derive(Default, BorshDeserialize, BorshSerialize)]
pub struct Calculator {
x: i64,
y: i64,
}
 
#[near_bindgen]
impl Calculator {
pub fn get_numbers(&self) -> (i64, i64) {
(self.x, self.y)
}
 
pub fn add_numbers(&mut self) -> i64 {
let add = self.x + self.y;
let log_message = format!("Addition of numbers {} + {} = {}", self.x, self.y, add);
env::log(log_message.as_bytes());
add
}
 
pub fn sub_numbers(&mut self) -> i64 {
let sub = self.x - self.y;
let log_message = format!("Subtraction of numbers {} - {} = {}", self.x, self.y, sub);
env::log(log_message.as_bytes());
sub
}
 
pub fn mul_numbers(&mut self) -> i64 {
let mul = self.x * self.y;
let log_message = format!(
"Multiplication of numbers {} * {} = {}",
self.x, self.y, mul
);
env::log(log_message.as_bytes());
mul
}
 
pub fn div_numbers(&mut self) -> i64 {
let div = self.x / self.y;
let log_message = format!("Division of numbers {} / {} = {}", self.x, self.y, div);
env::log(log_message.as_bytes());
div
}
}
 
// use the attribute below for unit tests
#[cfg(test)]
mod tests {
use near_sdk::MockedBlockchain;
use near_sdk::{testing_env, VMContext};
 
use crate::Calculator;
 
fn get_context(input: Vec<u8>, is_view: bool) -> VMContext {
VMContext {
current_account_id: "alice.testnet".to_string(),
signer_account_id: "robert.testnet".to_string(),
signer_account_pk: vec![0, 1, 2],
predecessor_account_id: "jane.testnet".to_string(),
input,
block_index: 0,
block_timestamp: 0,
account_balance: 0,
account_locked_balance: 0,
storage_usage: 0,
attached_deposit: 0,
prepaid_gas: 10u64.pow(18),
random_seed: vec![0, 1, 2],
is_view,
output_data_receivers: vec![],
epoch_height: 19,
}
}
 
// mark individual unit tests with #[test] for them to be registered and fired
#[test]
fn addition() {
// set up the mock context into the testing environment
let context = get_context(vec![], false);
testing_env!(context);
// instantiate a contract variable with the counter at zero
let mut contract = Calculator { x: 20, y: 10 };
let num = contract.add_numbers();
println!("Value after addition: {}", num);
// confirm that we received 1 when calling get_num
assert_eq!(30, num);
}
 
#[test]
fn subtraction() {
// set up the mock context into the testing environment
let context = get_context(vec![], false);
testing_env!(context);
// instantiate a contract variable with the counter at zero
let mut contract = Calculator { x: 20, y: 10 };
let num = contract.sub_numbers();
println!("Value after subtraction: {}", num);
// confirm that we received 1 when calling get_num
assert_eq!(10, num);
}
 
#[test]
fn multiplication() {
// set up the mock context into the testing environment
let context = get_context(vec![], false);
testing_env!(context);
// instantiate a contract variable with the counter at zero
let mut contract = Calculator { x: 20, y: 10 };
let num = contract.mul_numbers();
println!("Value after multiplication: {}", num);
// confirm that we received 1 when calling get_num
assert_eq!(200, num);
}
 
#[test]
fn division() {
// set up the mock context into the testing environment
let context = get_context(vec![], false);
testing_env!(context);
// instantiate a contract variable with the counter at zero
let mut contract = Calculator { x: 20, y: 10 };
let num = contract.div_numbers();
println!("Value after division: {}", num);
// confirm that we received 1 when calling get_num
assert_eq!(2, num);
}
}

 

Test the code

 

Test the smart contract code via cargo,

 

cargo test 

 

You will then receive output in the form of:

 

 Compiling rust-counter-tutorial v0.1.0 (/home/yogesh/Blogs/rust-counter)
    Finished test [unoptimized + debuginfo] target(s) in 1.57s
     Running unittests src/lib.rs (target/debug/deps/rust_counter_tutorial-7e3850288c4d6416)
running 4 tests
test tests::division ... ok
test tests::addition ... ok
test tests::multiplication ... ok
test tests::subtraction ... ok
test result: ok. 4 passed; 0 failed; 0 ignored; 0 measured; 0 filtered out; finished in 0.00s
   Doc-tests rust-counter-tutorial
running 0 tests
test result: ok. 0 passed; 0 failed; 0 ignored; 0 measured; 0 filtered out; finished in 0.00s

 

Compile the code

 

cargo build --target wasm32-unknown-unknown --release

 

Deploying smart contracts

 

You will deploy it using the near-cli testnet of your NEAR account.

 

near login
near deploy --wasmFile target/wasm32-unknown-unknown/release/rust_counter_tutorial.wasm --accountId YOUR_ACCOUNT_HERE

 

You will then receive output in the form of:

 

To see the transaction in the transaction explorer, please open this url in your browser
https://explorer.testnet.near.org/transactions/CqEh5tsh9Vo827DkN4EurECjK1ft8pRdkY2hhCYN9W8i
Done deploying to yogeshsha.testnet

 

If you want more information on how to get started with NEAR blockchain-based dApp development, you may connect with our skilled blockchain developers

 

How to Create Stellar Smart Contract using Soroban

A Brief about the Stellar Blockchain

 

Stellar is a public blockchain. Stellar is fast, cheaper, and more efficient than other blockchain-based systems. The lumen is the name of the original cryptocurrency used by Stellar. Stellar smart contracts are written in a language called Stellar Smart Contract Language (SSCL), which is a stack-based language designed specifically for the Stellar network

 

Understanding Stellar Smart Contracts

 

Unlike Ethereum, Stellar does not include a built-in smart contract language or virtual machine that allows developers to create smart contract code and enhance the logic of the contract to enable functionalities. A smart contract on Stellar, however, combines transactions and a number of limitations to get the desired outcome.

 

Also, Explore | Stellar Blockchain Use Cases | A Quick Explainer

 

What is Soroban?

 

Developed by the Stellar foundation, Sorobon is a smart contract platform that enables the creation and deployment of smart contracts on the Stellar network. It is designed to be quick, scalable, and secure. It uses the same consensus algorithm and smart contract system as Stellar.

 

Also, Visit | Understanding Soroban | Stellar Smart Contract Platform

 

Creating a Stellar Smart Contract using Sorobon

 

Here are the methods for using Soroban to build a smart contract on Stellar:

 

Install Rust

 

Whether you use macOS, Linux, or any Unix-like operating system, installing a Rust toolchain is the simplest way to install rustup, i. With the following command, install rustup.

curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh

 

Install the Soroban CLI​

 

The Soroban CLI can run Soroban contracts in a local sandbox, which is the same environment as the network where the contract would run.

 

Now, you need to install the Soroban CLI using cargo install

cargo install soroban-cli

 

Now, Let's Create a New Project​

 

We can begin by creating a new Rust library using the cargo new command.

cargo new --lib stellar-cal

 

Now, Open the Cargo.toml,:

[package]

name = "stellar-cal"

version = "0.1.0"

edition = "2021"

 

# See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html

 

[lib]

crate-type = ["cdylib"]

 

[features]

testutils = ["soroban-sdk/testutils"]

 

[dependencies]

soroban-sdk = "0.6.0"

 

[dev_dependencies]

soroban-sdk = { version = "0.6.0", features = ["testutils"] }

 

[profile.release]

opt-level = "z"

overflow-checks = true

debug = 0

strip = "symbols"

debug-assertions = false

panic = "abort"

codegen-units = 1

lto = true

 

[profile.release-with-logs]

inherits = "release"

debug-assertions = true

 

Write the Code​

 

Once the above-mentioned steps are completed, now you need to open the src/lib.rs file and copy-paste the given code.

#![no_std]

use soroban_sdk::contractimpl;

 

pub struct Contract;

 

#[contractimpl]

impl Contract {

pub fn add(a: u32, b: u32) -> u32 {

a + b

}

 

pub fn sub(a: u32, b: u32) -> u32 {

a - b

}

 

pub fn mul(a: u32, b: u32) -> u32 {

a * b

}

 

pub fn div(a: u32, b: u32) -> u32 {

a / b

}

}

 

#[cfg(test)]

mod test {

use super::{Contract, ContractClient};

use soroban_sdk::Env;

 

fn init() -> ContractClient {

let env = Env::default();

let contract_id = env.register_contract(None, Contract);

let client = ContractClient::new(&env, &contract_id);

client

}

 

#[test]

fn add() {

let add = init().add(&10, &12);

assert_eq!(add, 22);

}

 

#[test]

fn sub() {

let sub = init().sub(&20, &5);

assert_eq!(sub, 15);

}

 

#[test]

fn mul() {

let mul = init().mul(&5, &6);

assert_eq!(mul, 30);

}

 

#[test]

fn div() {

let div = init().div(&14, &7);

assert_eq!(div, 2);

}

}

 

Run the Tests​

 

Once we have written the code, we will now run the "cargo test" and observe the contract run. We should be getting the following output:

 

running 4 tests
test test::div ... ok
test test::add ... ok
test test::sub ... ok
test test::mul ... ok

test result: ok. 4 passed; 0 failed; 0 ignored; 0 measured; 0 filtered out; finished in 0.00s

 

We can also try to change the values in the test to find out how it works.

 

Get in touch with our team of Stellar blockchain developers, having significant experience building smart contracts utilizing Soroban, if you're wanting to design and build Stellar Smart Contracts.

 

 

How to Create an ERC 721 NFT Token

Non-Fungible Tokens (NFTs) have revolutionized digital ownership by enabling individuals and businesses to tokenize unique assets such as art, music, real estate, and collectibles. At the core of NFT development lies the ERC-721 token standard, a blueprint for creating unique and immutable digital assets on the Ethereum blockchain. This guide offers a step-by-step, technical, and business-oriented approach to creating your own ERC-721 NFT token.

 

What is an ERC-721 Token?

 

The ERC-721 standard is an Ethereum-based framework that defines a non-fungible token. Unlike ERC-20 tokens, which are fungible and interchangeable, ERC-721 tokens are unique, making them ideal for representing one-of-a-kind assets.

 

Key Features of ERC-721 Tokens:

 

Uniqueness: Each token has a unique identifier, ensuring its individuality.

 

Immutability: Once minted, the metadata and ownership details cannot be altered.

 

Interoperability: ERC-721 tokens can be used across various dApps and marketplaces that support the standard.

 

Ownership Rights: The token owner has full control over the asset, including the ability to transfer or sell it.

 

Use Cases of ERC-721 Tokens

 

Digital Art: Tokenizing art pieces to authenticate originality and ownership.

 

Gaming Assets: Representing in-game items like weapons or avatars as NFTs.

 

Collectibles: Tokenizing rare items such as trading cards or memorabilia.

 

Real Estate: Representing property deeds or fractional ownership digitally.

 

Domain Names: Minting domain names as NFTs for resale or ownership proof.

 

Also, Discover | How to Create an NFT Rental Marketplace using ERC 4907

 

Technical Overview of ERC-721 Standard

 

The ERC-721 standard includes a set of functions that define its functionality:

 

  • balanceOf(address owner): Returns the number of tokens owned by a specific address.
  • ownerOf(uint256 tokenId):Returns the owner of a specific token ID.
  • safeTransferFrom(address from, address to, uint256 tokenId): Safely transfers ownership of a token from one address to another.
  • approve(address to, uint256 tokenId): Grants permission to transfer a specific token ID to another address.
  • setApprovalForAll(address operator, bool approved): Approves or revokes approval for an operator to manage all of the caller's tokens.
  • transferFrom(address from, address to, uint256 tokenId): Transfers ownership of a token.
  • tokenURI(uint256 tokenId): Returns the metadata URI for a specific token ID.

 

Step-by-Step Guide to Create an ERC-721 Token

 

Set Up Your Development Environment

 

To start, you need the following tools:

 

  • Node.js: For JavaScript runtime.
  • Truffle or Hardhat: Ethereum development frameworks.
  • Metamask: A wallet to interact with the Ethereum blockchain.
  • Ganache: A local blockchain simulator for testing.

 

Steps:

 

  • Install Node.js from nodejs.org.

     

  • Install Truffle or Hardhat:

     

    npm install -g truffle
    

     

    or

     

    npm install --save-dev hardhat
    

 

  • Install Ganache:

     

npm install -g ganache-cli

 

Also, Read | How to Implement an On-Chain NFT Allowlist

 

Write the Smart Contract

 

Use Solidity to write your ERC-721 contract. Below is a basic example:

 

Smart Contract Code:

 

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/token/ERC721/ERC721.sol";
import "@openzeppelin/contracts/access/Ownable.sol";

contract MyNFT is ERC721, Ownable {
    uint256 public nextTokenId;
    mapping(uint256 => string) private _tokenURIs;

    constructor() ERC721("MyNFT", "MNFT") {}

    function mint(address to, string memory tokenURI) public onlyOwner {
        uint256 tokenId = nextTokenId;
        _safeMint(to, tokenId);
        _setTokenURI(tokenId, tokenURI);
        nextTokenId++;
    }

    function _setTokenURI(uint256 tokenId, string memory tokenURI) internal {
        _tokenURIs[tokenId] = tokenURI;
    }

    function tokenURI(uint256 tokenId) public view override returns (string memory) {
        require(_exists(tokenId), "Token does not exist");
        return _tokenURIs[tokenId];
    }
}

 

Explanation:

 

  • ERC721: Inherits the standard ERC-721 functionality.
  • Ownable: Restricts certain functions to the contract owner.
  • mint: Allows the owner to create a new token.
  • _setTokenURI: Sets metadata URI for the token.

 

Deploy the Contract

 

You can deploy the contract to a local testnet or Ethereum's mainnet.

 

Deployment Script (Using Hardhat):

 

  • Create a deployment script in scripts/deploy.js:

     

const hre = require("hardhat");

async function main() {
  const MyNFT = await hre.ethers.getContractFactory("MyNFT");
  const myNFT = await MyNFT.deploy();

  await myNFT.deployed();

  console.log("MyNFT deployed to:", myNFT.address);
}

main()
  .then(() => process.exit(0))
  .catch((error) => {
    console.error(error);
    process.exit(1);
  });

 

  • Deploy the contract:

     

    npx hardhat run scripts/deploy.js --network rinkeby
    

 

Also, Read | A Guide to Implementing NFT Royalties on ERC-721 & ERC-1155

 

Mint Your NFT

 

After deployment, you can interact with your contract to mint an NFT.

 

Minting Script (Using Ethers.js):

 

const { ethers } = require("ethers");
const contractABI = [/* ABI JSON from compiled contract */];
const contractAddress = "YOUR_CONTRACT_ADDRESS";
const provider = new ethers.providers.JsonRpcProvider("YOUR_RPC_URL");
const signer = provider.getSigner();
const contract = new ethers.Contract(contractAddress, contractABI, signer);

async function mintNFT(to, tokenURI) {
  const tx = await contract.mint(to, tokenURI);
  await tx.wait();
  console.log("NFT Minted:", tx.hash);
}

mintNFT("RECIPIENT_ADDRESS", "TOKEN_METADATA_URI");

 

Host Metadata and Assets

 

NFT metadata and assets need to be accessible online. Use IPFS or services like Pinata for decentralized storage.

 

Metadata Example:

 

{
  "name": "My First NFT",
  "description": "This is my first ERC-721 token!",
  "image": "https://gateway.pinata.cloud/ipfs/YOUR_IMAGE_HASH",
  "attributes": [
    {
      "trait_type": "Rarity",
      "value": "Legendary"
    }
  ]
}

 

Testing and Deployment Considerations

 

  • Local Testing:
    • Use Ganache to simulate the blockchain locally.
  • Testnets:
    • Deploy to Rinkeby, Goerli, or Mumbai for real-world testing.
  • Mainnet Deployment:
    • Ensure thorough testing and audits before deploying to Ethereum mainnet.
  • Audits:
    • Use tools like MythX or engage auditing firms to secure your contract.

 

You may also like | DN-404 Token Standard : Revolutionizing Fractional NFT Ownership
 

FAQs

 

1. What is an ERC-721 token?

 

An ERC-721 token is a non-fungible token (NFT) standard on Ethereum used to represent unique assets.

 

2. How is ERC-721 different from ERC-20?

 

ERC-721 tokens are unique and indivisible, while ERC-20 tokens are fungible and interchangeable.

 

3. Can I deploy an ERC-721 contract on networks other than Ethereum?

 

Yes, you can deploy on Ethereum-compatible networks like Binance Smart Chain, Polygon, or Avalanche.

 

4. How do I secure my NFT smart contract?

 

  • Conduct audits.
  • Use established libraries like OpenZeppelin.
  • Implement fail-safe mechanisms.

 

5. What tools can I use for NFT metadata hosting?

 

  • Decentralized options: IPFS, Pinata.
  • Centralized options: AWS, Google Cloud.

 

Conclusion

 

Creating an ERC-721 NFT token requires a combination of technical expertise, strategic planning, and the right tools. By understanding the ERC-721 standard and leveraging blockchain development frameworks, businesses can unlock new revenue streams and opportunities in the digital asset space. With the NFT market booming, now is the perfect time to explore this innovative technology and capitalize on its transformative potential. If you are planning to create and launch your NFT using ERC-721, connect with our skilled NFT developers to get started. 

Category: Blockchain
Knowing Crypto Arbitrage Trading and Bot Development

Traders can use crypto arbitrage trading to take advantage of market inefficiency. 

 

Knowing Crypto Arbitrage 

 

Crypto arbitrage is a strategy in which investors buy a cryptocurrency on one exchange and then quickly sell it on another exchange for a higher price.

 

Crypto Arbitrage’s Benefits

 

Quick Profits

 

In terms of profit realization, crypto arbitrage has many other trading strategies. Because price disparity is exploited over such short times, profits are made as soon as transactions and trades are concluded.

 

Opportunity

 

Cryptocurrencies offer a diverse set of arbitrage opportunities. There is a good likelihood that altcoin arbitrage opportunities will occur with over 700 exchanges and over 4,000 cryptocurrencies throughout the world.

 

Price Disparity

 

The extent of the price discrepancy that occurs is a distinguishing aspect of crypto arbitrage & ordinary arbitrage. Inconsistencies in digital money typically run from 4% to 6%, but there has been a time when opportunities have been as great as 45%.

 

Spatial Arbitrage 

 

Trading in effect currency between 2 separate exchange platforms is known as spatial arbitrage. Crypto arbitrage can be done in many ways, one of which is spatial arbitrage. While spatial arbitrage is a straightforward strategy for profiting from price differences, it exposes traders to risks such as transfer delays and costs.

Without Transfer Spatial Arbitrage 

Some traders strive to avoid the danger that spatial arbitrage poses in terms of transfer costs & timeframes. In a hypothetical scenario, they might go long Bitcoin on one exchange and short Bitcoin on another, then wait for the value on both exchanges to converge.

 

This eliminates the need to move coins, and tokens from one platform to another. however, may still apply.

 

Automate Crypto Arbitrage Tradings with Bots Development

 

Crypto arbitrage tactics can be difficult to implement because asset prices fluctuate easily to adjust for market inefficiency. Using spatial or triangular arbitrage methods across numerous exchanges can be made extremely difficult.

 

Traders can use a variety of technology to automate the process of locating and trading arbitrage opportunities. Software engineers create tools like “crypto arbitrage trading bots,” which are specifically created and programmed to satisfy specific trading needs and execute arbitrage chance. Using prominent crypto trading platforms, automated crypto bots can be designed, purchased, downloaded, and implemented.

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