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Ankit Mishra Oodles

Ankit Mishra (Backend-Sr. Associate Consultant L2 - Development)

Experience:4+ yrs

Ankit Mishra is an experienced backend developer with 2.5 years of industry expertise. He is well-versed in using Nodejs, Express, Sequelize, PHP, Laraval, Apache, HTML, CSS, JavaScript, jQuery, and various databases, and stays up-to-date with the latest technologies. Ankit has worked on various projects, including Oodles Blockchain internal site, Duel Deal, and Distincts, and is always eager to explore new technologies and think critically. His creative and analytical abilities make him a valuable asset to any organization he works with.

Ankit Mishra Oodles
Ankit Mishra
(Sr. Associate Consultant L2 - Development)

Ankit Mishra is an experienced backend developer with 2.5 years of industry expertise. He is well-versed in using Nodejs, Express, Sequelize, PHP, Laraval, Apache, HTML, CSS, JavaScript, jQuery, and various databases, and stays up-to-date with the latest technologies. Ankit has worked on various projects, including Oodles Blockchain internal site, Duel Deal, and Distincts, and is always eager to explore new technologies and think critically. His creative and analytical abilities make him a valuable asset to any organization he works with.

LanguageLanguages

DotEnglish

Conversational

Skills
Skills

DotMaterial UI

80%

DotJavascript

80%

DotCoinbase API

80%

DotGolang

80%

DotNode Js

80%

DotSolidity

60%

DotSmart Contract

100%

DotTelegram Bot

80%

DotjQuery

80%

DotPHP

80%

DotReactJS

80%

DotMySQL

80%

DotEtherscan

80%

DotEthers.js

100%

DotWordpress

80%

DotMetaMask

80%
ExpWork Experience / Trainings / Internship

Nov 2021-Present

Senior Associate Consultant - Development

Gurugram


Oodles Technologies

Gurugram

Nov 2021-Present

May 2021-Oct 2021

Web Developer

Noida


Planet Web IT services Pvt. Ltd.

Noida

May 2021-Oct 2021

Jun 2020-Apr 2021

Web Developer

Ghaziabad


Integral Digits India Private Limited

Ghaziabad

Jun 2020-Apr 2021

Mar 2020-Jun 2020

Web Developer - Intern

Ghaziabad


Integral Digits India Private Limited

Ghaziabad

Mar 2020-Jun 2020

EducationEducation

2019-2021

Dot

Ajay Kumar Garg Engineering College

Master in Computer Applications-Computer Science

certificateCertifications
Dot

Aptech Web Developement - PHP

Aptech Education Limited

Issued On

Mar 2020

Top Blog Posts
Integrating zk-SNARKs for Private Transactions

In blockchain app development, privacy and security are critical concerns. Although blockchain's transparency offers many benefits, it also exposes sensitive information like transaction details and user identities. Zero-knowledge proofs (ZKPs), specifically zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), offer a way to prove knowledge of a secret without revealing the secret itself.

 

This blog explains the concept of zk-SNARKs using a simple JavaScript example and outlines how they can be integrated into blockchain systems for private transactions.

 

Disclaimer:

 

This example simplifies zk-SNARKs for illustration. Real-world zk-SNARKs require advanced cryptographic tools like Circom and SnarkJS, which are used in production systems.

 

What Are Zero-Knowledge Proofs?

 

A zero-knowledge proof (ZKP) is a cryptographic method allowing one party (the prover) to convince another party (the verifier) that they know a specific piece of information, without revealing that information. In blockchain, this enables private transactions, where the validity of a transaction can be verified without exposing details like the sender, receiver, or amount.

 

For example, Alice can prove she knows a secret (say, a private key) to Bob, without revealing the actual key. This concept can be used in private transactions, where only the legitimacy of the transaction is proven, not the sensitive details.

 

You may also like | Build a Secure Smart Contract Using zk-SNARKs in Solidity

 

Simplified Example of zk-SNARKs

 

To grasp the concept, let's walk through a simplified zk-SNARKs-like scenario using hashes. While real zk-SNARKs involve complex cryptographic protocols, this example shows the core idea of zero-knowledge proofs.

 

Step 1: Alice Generates a Proof

 

Alice has a secret (e.g., a private key), and she needs to prove that she knows it without revealing the secret. She hashes it using SHA-256.

 

const crypto = require('crypto');

// Alice's secret (e.g., private key)
const aliceSecret = crypto.randomBytes(32).toString('hex');

// Proof generates for Alice by hashing the secret
function generateProof(secret) {
  const hash = crypto.createHash('sha256').update(secret).digest('hex');
  return hash;
}

const aliceProof = generateProof(aliceSecret);

 

Step 2: Bob Verifies the Proof

 

Bob wants to verify that Alice knows the secret, but he doesn't want to know the secret itself. Alice shares the proof (the hash) with Bob. Bob then hashes his claimed secret (which, in this case, is Alice's secret for demonstration) and compares the hash to Alice's proof.

 

// Bob's claimed secret (for demo purposes, assume Bob knows it)
const bobsClaimedSecretHash = aliceSecret;

// Bob verifies the proof
function verifyProof(proof, claimedSecretHash) {
  const generatedHash = generateProof(claimedSecretHash);
  return generatedHash === proof;
}

const isProofValid = verifyProof(aliceProof, bobsClaimedSecretHash);

if (isProofValid) {
  console.log("Proof is valid! Bob knows Alice knows the secret (without knowing the secret itself).");
} else {
  console.log("Proof is invalid.");
}

 

You might be interested in | How to Deploy a Smart Contract to Polygon zkEVM Testnet

 

Step 3: Verifying a Wrong Claim

 

If Bob makes an incorrect guess, the proof validation will fail. This illustrates that zk-SNARKs are secure against false claims.

 

// Bob guesses wrongly
const bobsWrongClaim = crypto.randomBytes(32).toString('hex');  // A wrong guess

const isProofValidWrong = verifyProof(aliceProof, bobsWrongClaim);
if (!isProofValidWrong) {
	console.log("Proof is NOT valid with wrong guess.");
}

 

Key Takeaways

 

  • Zero-Knowledge Proofs (ZKPs) allow you to prove knowledge of a secret without revealing the secret itself.
  • zk-SNARKs use more advanced cryptography, like elliptic curve cryptography, and can be used to validate private transactions in blockchain systems.
  • The simplified example shows how zk-SNARKs prove that Alice knows a secret without revealing the secret. In real-world scenarios, this can be applied to ensure privacy while verifying blockchain transactions.

     

    Also, Read | How ZK-Rollups are Streamlining Crypto Banking in 2024

 

How zk-SNARKs Can Be Used for Private Blockchain Transactions

 

Step 1: Define Transaction Logic in Circom

 

In a blockchain, the transaction logic needs to be represented as a Circom circuit. This defines the conditions of a valid transaction, such as verifying the sender's balance and ensuring that the recipient address is valid.

 

Step 2: Compile the Circuit Using SnarkJS

 

The Circom circuit is compiled using SnarkJS, a library that creates the necessary proving and verification keys for zk-SNARKs. The proving key is used to generate the proof, while the verification key is used by the blockchain to verify the proof.

 

Step 3: Generate and Verify Proofs

 

After compiling the circuit, proofs can be generated and submitted alongside transactions. The proof confirms that a transaction is valid (e.g., the sender has enough funds) without revealing sensitive details. The verification key is used to validate the proof on-chain.

 

Step 4: Real-World Blockchain Integration

 

In real-world applications, zk-SNARKs enable private transactions on blockchain platforms like Ethereum or zkSync. Users can submit transactions with proof but without exposing private information, like the transaction amount or involved addresses. The proof is verified by the blockchain, ensuring that only valid transactions are processed.

 

Also, Explore | Diverse Use Cases and Applications ZK Proofs

 

Tools for zk-SNARKs

 

Circom: A language used to define zk-SNARK circuits, representing complex transaction logic in a secure, privacy-preserving way.

 

SnarkJS: A JavaScript library for compiling Circom circuits and generating zk-SNARK proofs.

 

zkSync, Aztec Protocol: Blockchain platforms that support zk-SNARKs for private transactions.

 

Conclusion

 

In this guide, we introduced the concept of zk-SNARKs and demonstrated their application in private transactions. While we used a simplified example with hashing, real-world zk-SNARKs use advanced cryptographic protocols to create and verify proofs that ensure transaction privacy.

To integrate zk-SNARKs into blockchain systems, you'll need to define your transaction logic using Circom, compile it with SnarkJS, and then use the resulting proofs to verify transactions on-chain. While challenging, zk-SNARKs provide an exciting opportunity to create more secure and private blockchain applications.

For those interested in learning more, diving deeper into Circom and SnarkJS will help you understand how zk-SNARKs can be practically applied to real-world blockchain systems. If you are interested in exploring the applications of zk-proofs and want to leverage it to build your project, connect with our skilled blockchain developers to get started.

 

Category: Blockchain
How to Deploy a Distributed Validator Node for Ethereum 2.0

Deploying a distributed validator node for Ethereum 2.0 (Eth2) is a rewarding yet technically involved process. Eth2 uses the Proof-of-Stake (PoS) consensus mechanism, which relies on validators rather than miners. Distributed validator technology (DVT) allows multiple individuals or entities to run a validator node collaboratively, which enhances security, resilience, and decentralization. Here's a step-by-step guide to deploying a distributed validator node. For more about Ethereum or other blockchains for project development, explore our blockchain app development services
 

Why Use a Distributed Validator Node?

 

In a traditional Eth2 setup, a validator is managed by a single entity, which introduces risks such as downtime or potential security breaches. By distributing responsibilities across multiple operators, DVT aims to create a more robust system. If one operator fails or is attacked, the network can still perform validations through other operators in the group, reducing the chances of penalties and maintaining higher uptime.

 

Prerequisites

 

To deploy a distributed validator, you need:

 

1. Basic Understanding of Ethereum 2.0: Familiarity with staking, validation, and Eth2 consensus mechanisms.
2. Hardware Requirements: A server setup with sufficient computing power, RAM, and storage.
3. Networking Knowledge: Understanding of IP addresses, firewall configurations, and networking basics.
4. Staking ETH: To activate a validator, you'll need to deposit 32 ETH. This amount is mandatory for staking in Eth2.
5. Multi-Signature Wallet: A multi-signature (multi-sig) wallet, which is crucial for managing keys across different operators in a distributed setup.

 

Also, Explore | Creating a Token Vesting Contract on Solana Blockchain

 

Step 1: Select Distributed Validator Technology (DVT) Software

 

To start, choose a DVT solution that meets your needs. Some popular ones include:

 

- Obol Network: A project focused on making validator nodes safer and more robust by distributing them across different entities.
- SSV Network: Short for Shared Secret Validator, SSV is an infrastructure protocol for DVT that splits validator keys across multiple operators.

 

These solutions implement a cryptographic method that allows the validator key to be securely split and stored across several nodes. This prevents a single point of failure and improves fault tolerance.

 

Step 2: Prepare the Infrastructure

 

Each node operator in the distributed validator network needs to set up their hardware. Typical requirements include:

 

- Processor: At least 4 CPUs (recommended 8).
- RAM: 16 GB minimum.
- Storage: SSD storage of at least 1 TB to handle the growing Ethereum blockchain data.
- Network: A stable internet connection with a dedicated IP address is essential. Set up firewalls to protect your node from unauthorized access.

 

Each participant in the distributed validator should have their server ready to deploy the DVT software, which will handle the responsibilities of validating transactions collectively.

 

You may also like | Integrate Raydium Swap Functionality on a Solana Program

 

Step 3: Configure Your Validator Keys with Multi-Signature Security

 

In a DVT setup, validator keys are divided using a cryptographic process that ensures no single operator has complete control over the validator. Multi-signature technology ensures that:

 

- Each operator holds a “key share” rather than a full private key.
- The validator operates only if a minimum number of key shares sign off on a transaction, ensuring redundancy.

 

Using SSV, for example, the validator's private key is split into multiple parts (key shares), and each operator holds one share. The network uses a threshold signing scheme where, for example, at least three of five key shares are required to sign off on a transaction.

 

Step 4: Set Up Ethereum 2.0 Client and DVT Software

 

Next, install Ethereum 2.0 client software (like Prysm, Lighthouse, or Teku) on each operator's server. Each client will run the Beacon node software, which connects to the Ethereum network.

 

Then, install and configure the chosen DVT software (e.g., Obol or SSV). These systems will require you to:

 

- Set up each node's communication and API endpoints.
- Define the number of required signatures for a transaction to be valid (often called the “quorum”).
- Connect your DVT system to your Ethereum client software to begin interacting with the Eth2 blockchain.

 

Each operator will also need to provide their part of the private key (key share) into the DVT configuration. Be sure to follow security best practices to prevent unauthorized access to these key shares.

 

Also, Read | How to Build a Solana Sniper Bot

 

Step 5: Fund the Validator and Initialize Staking

 

Once your distributed validator setup is configured and ready, it's time to fund your validator with 32 ETH. This step is irreversible, as the Ethereum deposited in the contract will remain staked for an extended period. You can initiate the staking process using the official Eth2 launchpad (https://launchpad.ethereum.org/).

 

The launchpad will guide you through:

 

- Generating a validator key.
- Depositing 32 ETH into the official staking contract.
- Activating your validator on the Eth2 network.

 

Once your validator is active, it will start proposing and validating blocks as a part of the distributed validator setup.

 

Step 6: Monitor and Maintain the Validator Node

 

Distributed validator nodes require continuous monitoring and maintenance:

 

- Uptime Monitoring: Ensure each node's uptime is stable to avoid penalties from inactivity.
- Performance Tracking: Use tools to monitor your node's performance, including the number of blocks proposed and validated.
- Security Updates: Regularly update both the Ethereum client and DVT software to the latest versions to protect against security vulnerabilities.

 

Some DVT networks, like SSV, offer built-in monitoring solutions. Alternatively, third-party services can help with detailed analytics and alerts to keep your distributed validator in optimal condition.

 

Also, Check | How to Deploy a Smart Contract to Polygon zkEVM Testnet

 

Conclusion

 

In conclusion, deploying a Distributed Validator Node for Ethereum 2.0 not only contributes to the network's decentralization and security but also offers an opportunity for participants to earn rewards for their efforts. By following the outlined steps and best practices, you can effectively set up your node and play a vital role in the Ethereum ecosystem's transition to a more scalable and sustainable proof-of-stake model. Embrace this chance to be part of a transformative shift in blockchain technology and help shape the future of decentralized finance. For more about smart contract or Ethereum blockchain development for DeFi, dApps, and more, connect with our Solidity developers to get started. 

Category: Blockchain
How to Build a Solana Sniper Bot

The Solana blockchain, known for its high throughput and low transaction costs, has become a prominent platform for blockchain app development. Among the various tools and bots built on Solana, the "sniper bot" stands out for its ability to automatically purchase tokens as soon as they become available. This is especially useful during token launches or other time-sensitive events.

 

In this guide, we'll walk you through building a Solana sniper bot, with a particular focus on integrating it with Raydium DEX. You'll learn about the key components, technologies, and strategies involved in developing an efficient sniper bot.

 

Understanding the Basics

 

A sniper bot on Solana is a tool that automatically buys tokens as soon as they become available on a decentralized exchange (DEX), such as Raydium, PumpFun, Jupiter, or Orca. To build a robust sniper bot, you need to understand Solana's ecosystem, including its RPC (Remote Procedure Call) API, smart contracts (also known as programs), and key technical components such as transactions and signatures.

 

Before starting, ensure you have the following prerequisites:

 

  1. Development Environment: Set up Node.js, npm, and the Solana CLI.
  2. Solana Wallet: Create a wallet (using Phantom or Sollet, for instance).
  3. RPC Endpoint: Obtain access to a Solana RPC endpoint to interact with the blockchain.
  4. Basic Knowledge of JavaScript: We'll use JavaScript to write the bot.

 

You may also like | How to Build a Grid Trading Bot | A Step-by-Step Guide

 

Step 1: Setting Up the Project

 

Start by creating a new Node.js project:

 

mkdir solana-sniper-bot
cd solana-sniper-bot
npm init -y

 

Then, install the necessary packages:

 

npm install @solana/web3.js axios dotenv

 

Step 2: Setting Up Environment Variables

 

Create a .env file in the project root to store sensitive information, such as your private key and RPC endpoint:

 

PRIVATE_KEY=your_private_key_here
SOL_RPC=https://api.mainnet-beta.solana.com
RAYDIUM_FEE_ACCOUNT=your_fee_account_here

 

Step 3: Creating the Listener for New Pools

 

Create a listener that detects when new pools are added on Raydium:

const { Connection, PublicKey } = require("@solana/web3.js");

const MAX_SIZE = 10000;
const seenTransactions = new Set();

class RaydiumPoolListener {
  constructor() {
    this.connection = new Connection(process.env.SOL_RPC, { commitment: "confirmed" });
    this.listenToNewPools();
  }

  listenToNewPools() {
    this.connection.onLogs(new PublicKey(process.env.RAYDIUM_FEE_ACCOUNT), async (txLogs) => {
      if (seenTransactions.has(txLogs.signature)) return;
      
      if (seenTransactions.size >= MAX_SIZE) {
        [...seenTransactions].slice(0, 50).forEach((tx) => seenTransactions.delete(tx));
      }

      seenTransactions.add(txLogs.signature);
      
      // Trigger swap function with the necessary parameters
      swap(txLogs.tokenAmount, txLogs.tokenAddress, txLogs.poolId);
      console.log("New pool detected, initiating swap...");
    });

    console.log("Listening for new liquidity pools...");
  }
}

module.exports = new RaydiumPoolListener();

 

Also, Read | Understanding the Impact of AI Crypto Trading Bots

 

Step 4: Integrating the Raydium SDK

 

Use the Raydium SDK to execute swaps once liquidity is added to a pool:

 

const { initSdk } = require('@raydium-io/raydium-sdk-v2');
const BN = require('bn.js');
const Decimal = require('decimal.js');

async function swap(amountOfSol, solAddress, poolId) {
  const raydium = await initSdk();

  const poolData = await raydium.api.fetchPoolById({ ids: [poolId] });
  const poolInfo = poolData[0];

  if (!poolInfo) throw new Error("Pool not found");

  const rpcData = await raydium.liquidity.getRpcPoolInfo(poolId);
  const [baseReserve, quoteReserve] = [rpcData.baseReserve, rpcData.quoteReserve];

  const out = raydium.liquidity.computeAmountOut({
    poolInfo,
    amountIn: new BN(amountOfSol),
    mintIn: solAddress,
    slippage: 0.01,
  });

  const { execute } = await raydium.liquidity.swap({
    poolInfo,
    amountIn: new BN(amountOfSol),
    amountOut: out.minAmountOut,
    fixedSide: 'in',
    inputMint: solAddress,
  });

  const { txId } = await execute({ sendAndConfirm: true });
  console.log(`Swap successful! Transaction ID: https://explorer.solana.com/tx/${txId}`);
}

 

For further reference, explore the Raydium SDK V2 Demo.

 

Step 5: Testing the Bot

 

Before deploying your bot on the mainnet, it's crucial to test it thoroughly on Solana's devnet. Modify your .env file to use the devnet RPC endpoint:

 

RPC_ENDPOINT=https://api.devnet.solana.com

 

Also, Explore | How To Create My Scalping Bot Using Node.js

 

Step 6: Deployment and Security

 

Once the bot is ready, deploy it to a secure server:

 

  1. Use a VPS to ensure the bot runs continuously with minimal downtime.
  2. Secure Your Private Key: Always use environment variables or a secure vault service to store sensitive information.

 

Conclusion

 

Building a Solana sniper bot involves a deep understanding of the Solana blockchain, smart contracts, and APIs. By following the steps outlined in this guide, you can create a sniper bot that executes trades automatically as soon as an asset becomes available, giving you a competitive edge during token launches or NFT drops.

 

Thoroughly test your bot on the devnet before deploying on the mainnet, and ensure security measures are in place to protect your private keys. With ongoing monitoring and optimizations, your sniper bot can become a powerful asset in the world of blockchain trading.

 

Interested in hiring crypto bot developers? Explore our talent pool to bring your projects to life.

 

By refining this approach, you'll be ready to harness the power of Solana's ecosystem and take advantage of automated trading to succeed in the fast-paced world of blockchain.

Category: Blockchain
How to Build a Crypto Portfolio Tracker

In the rapidly evolving world of cryptocurrencies, keeping track of your investments can be challenging. A crypto portfolio tracker makes a difference in how you oversee your resources, track execution, and make educated choices. This guide will walk you through building a crypto portfolio tracker from scratch, enabling you to stay on top of your investments with ease. If you are looking for more services related to crypto, visit our crypto development services.

 

Why Build a Crypto Portfolio Tracker?

 

With hundreds of cryptocurrencies available, each with fluctuating values, a portfolio tracker offers several benefits:

 

- Centralized Management: Monitor all your assets in one place.

- Performance Tracking: Analyze your investment performance over time.

- Informed Decisions: Access data to make better investment choices.

- Customization: Tailor the tracker to meet your specific needs.

 

You may also like | How to Create a Simple Crypto Clicker Game

 

Step 1: Plan Your Tracker

 

Before diving into the code, outline what features you want in your tracker. Common features include:

 

- Portfolio Overview: Display total value, individual asset values, and their percentage of the total portfolio

- Transaction History: Record buy, sell, and transfer transactions

- Price Alerts: Notify users when asset prices reach certain thresholds

- Performance Metrics: Show gains/losses over various time frames
 

Step 2: Choose Your Tech Stack

 

Select a tech stack that suits your needs. Typical Stack for a Web-Based Tracker:

 

- Frontend: React.js for a responsive user interface

- Backend: Node.js with Express for handling API requests

- Database: MongoDB for storing user data and transaction history

- APIs: CoinGecko API for real-time cryptocurrency data

 

Also, Explore | Exploring Leverage Trading with Cryptocurrencies

 

Step 3: Set Up the Backend

 

Start by setting up your backend with Node.js and Express. Install the necessary packages:

 

npm init -y
npm install express mongoose axios

 

Create an `index.js` file to configure your server:

 

const express = require('express');
const mongoose = require('mongoose');
const axios = require('axios');

const app = express();
app.use(express.json());

mongoose.connect('mongodb://localhost:27017/crypto-portfolio', {
 useNewUrlParser: true,
 useUnifiedTopology: true,
});

const portfolioSchema = new mongoose.Schema({
 userId: String,
 assets: Array,
 transactions: Array,
});

const Portfolio = mongoose.model('Portfolio', portfolioSchema);

app.get('/portfolio/:userId', async (req, res) => {
 const portfolio = await Portfolio.findOne({ userId: req.params.userId });
 res.json(portfolio);
});

app.listen(3000, () => console.log('Server running on port 3000'));

 

Also, Check | Create Your Own Cryptocurrency with JavaScript

 

Step 4: Integrate Cryptocurrency Data

 

Fetch real-time cryptocurrency data using the CoinGecko API. Create a function to get the latest prices:

 

const getPrices = async (coins) => {
 const response = await axios.get(`https://api.coingecko.com/api/v3/simple/price?ids=${coins.join(',')}&vs_currencies=usd`);
 return response.data;
};

 

Step 5: Build the Frontend

 

Set up your React front end. Install React and create a new project:

 

npx create-react-app crypto-portfolio-tracker
cd crypto-portfolio-tracker
npm start

 

Create a component to display the portfolio:

 

import React, { useEffect, useState } from 'react';
import axios from 'axios';

const Portfolio = ({ userId }) => {
 const [portfolio, setPortfolio] = useState(null);

 useEffect(() => {
 const fetchPortfolio = async () => {
 const response = await axios.get(`http://localhost:3000/portfolio/${userId}`);
 setPortfolio(response.data);
 };
 fetchPortfolio();
 }, [userId]);

 if (!portfolio) return Loading...;

 return (
 
 Portfolio Overview
 
 {portfolio.assets.map((asset) => (
 {asset.name}: ${asset.value}
 ))}
 
 
 );
};

export default Portfolio;

 

Also, Discover |  How to Create a Web3 Crypto Wallet

 

Step 6: Add Transactions and Performance Metrics

 

Extend your backend and front end to handle transactions and calculate performance metrics. Update the schema to include transactions:

 

const transactionSchema = new mongoose.Schema({
 userId: String,
 type: String,
 coin: String,
 amount: Number,
 date: Date,
});

const Transaction = mongoose.model('Transaction', transactionSchema);

 

Create endpoints to add transactions and calculate performance:

 

app.post('/transaction', async (req, res) => {
 const transaction = new Transaction(req.body);
 await transaction.save();
 res.status(201).send(transaction);
});

app.get('/performance/:userId', async (req, res) => {
 const transactions = await Transaction.find({ userId: req.params.userId });
 const performance = calculatePerformance(transactions);
 res.json(performance);
});

const calculatePerformance = (transactions) => {
 // Implement your logic to calculate performance metrics
};

 

Step 7: Test and Deploy

 

Thoroughly test your application to guarantee all highlights work as anticipated. Once satisfied, deploy your tracker using services like Heroku or Vercel.

 

You may also like |  An Overview of Crypto Sniper Bots
 

Conclusion 

 

Building a crypto portfolio tracker empowers you to efficiently manage and optimize your cryptocurrency investments. By following this guide, you've learned how to gather real-time data, implement essential features, and create a user-friendly interface for tracking your assets. Whether you're an individual investor or a financial advisor, a well-designed portfolio tracker helps you stay informed and make better investment decisions. As the crypto market continues to evolve, your tracker will be an invaluable tool in navigating the dynamic landscape, ensuring you stay ahead of the curve and maximize your returns. If you are looking to build an advanced crypto portfolio tracker, consider connecting with our crypto developers.  

Category: Blockchain
How to Build a Real-Time Wallet Tracker

Building a crypto wallet tracker is a crucial step for anyone looking to stay on top of their digital asset portfolio. A crypto wallet tracker enables users to monitor the value, transactions, and overall performance of their cryptocurrencies in real-time, all from a single, easy-to-use platform. Whether you're a developer aiming to create a new tool or a crypto enthusiast wanting to manage your portfolio more effectively, understanding the key steps and technologies involved in building a crypto wallet tracker will set you on the right path. In this guide, we'll explore the essential features, development process, and best practices for creating a powerful and user-friendly crypto wallet tracker using crypto wallet development. Before diving into the technical details, let's explore the benefits of a real-time wallet tracker.


Instant Updates: You can check your spending and financial health instantly and on the go.

Better Budgeting: Real-time expenditure monitoring can easily be done against the spending plan.

Fraud Detection: Originate methods to identify such transactions, and act accordingly instantly.

Convenience: Have full account access to your financial information from the palm of your hand via your Android phone, iPhone, tablet, or PC.
 

Getting Started: Planning Your Wallet Tracker

 

Define Your Goals

 

When using your wallet tracker, what is its purpose, or what do you wish to accomplish? Common features include:

 

  • Transaction tracking
  • Balance updates
  • Budget management
  • Low balance warnings or notifications of suspicious activity

     

Read Also | How to Sign Ledger using Solana Wallet Adapter
 

Choose Your Technology Stack

 

Here's a suggested tech stack:

 

Frontend: React. js or Vue. js to designing an interface that can react to changes in size and shape.

Backend: Node. js with Express. This function is used for the handling of API requests using js.

Database: MongoDB to handle data related to customers and transactions.

Real-Time Updates: Socket. io for continuous communication between the frontend and the backend usually through the use of messages.

 

Design Your Data Model

 

In this worksheet, the data structure or schema you will have to define is not defined clearly. For a wallet tracker, you'll need at least:For a wallet tracker, you'll need at least:

 

Users: Subscribing details, User credentials

Accounts: One has to differentiate between a wallet or bank account of the victim or a non-victim.

Transactions: Specific information about each transaction, especially the monetary value, the date when the transaction took place, and where the transaction occurred when it is.

Budgets: User-defined budgets for different categories Whether for business or personal use, it is common that individuals need to create a budget plan for different categories.


Building the Real-Time Wallet Tracker

 

Step 1: Setting Up the Backend

 

1. Initialize the Node.js Project

 

sudo
  mkdir wallet-tracker
  cd wallet-tracker
  npm init -y

 

2. Install Dependencies

 

npm install express mongoose socket.io body-parser

 

3. Create the Server
 

  const express = require('express');
  const mongoose = require('mongoose');
  const http = require('http');
  const socketIo = require('socket.io');
  const bodyParser = require('body-parser');
  const app = express();
  const server = http.createServer(app);
  const io = socketIo(server);
  mongoose.connect('mongodb://localhost:8080/walletTracker', { useNewUrlParser: true, useUnifiedTopology: true });
  app.use(bodyParser.json());
  // Define your schemas and routes here
  server.listen(3000, () => {
    console.log('Server is running on port 3000');
  });
  io.on('connection', (socket) => {
    console.log('New client connected');
    socket.on('disconnect', () => {
      console.log('Client disconnected');
    });
  });

 

Step 2: Setting Up the Database Models

 

Create models for Users, Accounts, Transactions, and Budgets.

 

const mongoose = require('mongoose');
const userSchema = new mongoose.Schema({
 username: String,
 password: String,
 email: String,
});
const accountSchema = new mongoose.Schema({
 userId: mongoose.Schema.Types.ObjectId,
 name: String,
 balance: Number,
});
const transactionSchema = new mongoose.Schema({
 accountId: mongoose.Schema.Types.ObjectId,
 amount: Number,
 date: Date,
 category: String,
 description: String,
});
const budgetSchema = new mongoose.Schema({
 userId: mongoose.Schema.Types.ObjectId,
 category: String,
 limit: Number,
 spent: Number,
});
const User = mongoose.model('User', userSchema);
const Account = mongoose.model('Account', accountSchema);
const Transaction = mongoose.model('Transaction', transactionSchema);
const Budget = mongoose.model('Budget', budgetSchema);
module.exports = { User, Account, Transaction, Budget }; 

 

Step 3: Implementing Real-Time Updates

 

Integrate Socket.io for real-time updates.

 

io.on('connection', (socket) => {
 console.log('New client connected');
 socket.on('newTransaction', async (data) => {
   const transaction = new Transaction(data);
   await transaction.save();
   const account = await Account.findById(data.accountId);
   account.balance += data.amount;
   await account.save();
   io.emit('updateBalance', { accountId: data.accountId, newBalance: account.balance });
 });
 socket.on('disconnect', () => {
   console.log('Client disconnected');
 });
});

 

Step 4: Building the Frontend

 

1. Create a React App

 

npx create-react-app wallet-tracker-frontend
  cd wallet-tracker-frontend

 

2. Install Socket.io Client

 

npm install socket.io-client

 

3. Connect to the Backend

 

import React, { useEffect, useState } from 'react';
  import socketIOClient from 'socket.io-client';
  const ENDPOINT = "http://localhost:3000";
  const socket = socketIOClient(ENDPOINT);
  function WalletTracker() {
    const [balance, setBalance] = useState(0);
    useEffect(() => {
      socket.on('updateBalance', (data) => {
        if (data.accountId === YOUR_ACCOUNT_ID) {
          setBalance(data.newBalance);
        }
      });
      return () => socket.disconnect();
    }, []);
    return (
      <div>
        <h1>Wallet Tracker</h1>
        <p>Current Balance: ${balance}</p>
      </div>
    );
  }
  export default WalletTracker;

 

Step 5: Testing and Deployment

 

1. Test Your Application

 

When developing a website, ensure that each implemented feature is working as provided and debug any issues that may be noted.

 

2. Deploy Your Application

 

The backend should be deployed by using services such as Heroku while the frontend deploys by the usage of Netlify.

 

Read Also | Create a Basic Smart Wallet Using the ERC4337 Standard

 

Conclusion

 

In order to make a wallet tracker, one needs to ensure that there is a server side to handle data and update the database in real-time or near real-time to provide the updated data to the client side, which will be refreshed in near real-time to display the data to the users. When done following the guidelines in this guide, one can develop a tool that efficiently manages personal finances. A real-time wallet tracker, simple for use or complex as a sample of your coding abilities, is a very functional tool for a wide variety of purposes. Contact our blockchain developers for expert services in crypto wallet development. 

Category: Blockchain
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Since 2017, we have been utilizing our extensive expertise in blockchain technology to help businesses, both large and small, maximize their efficiency.
Automation and Efficiency in Real-Estate Settlement via Smart Contracts The settlement or closing process in traditional real estate is a dynamic operation involving a great deal of time, energy, and attention. The land transfer process stayed the same for decades. However, smart contracts Development with Blockchain for real-estate offers real change and an efficient alternative to the settlement process.

Real Estate Settlement 

The closing of real estate is the transition of a real-estate title from a seller to a buyer according to the selling contract. In the process, the buyer gets the property title and the seller gets the money. There are, however, various settlement prerequisites and expenses that make it more complicated than purchasing something at a supermarket. The sales contract itself accounts for both requirements and costs. Many real estate closings use an escrow agent's services, which acts as a third party that both the buyer and the seller must trust. An escrow manages the activities between a buyer and a seller through an agreement of sale and purchase. However, in typical contexts, this trust is always constrained and can be compromised. The cost of closing the mortgage varies from 3 percent to 6 percent.

Real Estate Settlement | What are the Challenges

Trustless automation with protection has tremendous potential to offer benefits like increased production, improved resource efficiency, and enhanced product and service offering. Most sectors have already reaped the benefits of automation, from e-commerce to electronics manufacturing. Yet the real estate industry has been an exception. Besides, a process of purchasing property is based on three factors, including paperwork (document signing), transfer of payment, and transfer of ownership. Too many parties currently have to be involved in the property closing process and each of these parties uses their software. Also, escrow companies help to build trust between traditional real estate transactions, but with a price. Also, they remain vulnerable to human actions (such as error and greed). To simplify real-estate settlement without using an escrow, one single place is required where a buyer, a seller, agents, and a title company can meet. Therefore, in a transaction, it needs a buyer and a seller to create and guarantee trust. Also, read | Blockchain Smart Contracts in Real Estate: A Long-Awaited Breakthrough

Can Smart Contracts substitute Escrow from Real-Estate Settlement

Smart blockchain contracts have emerged as a challenge to the Escrow agencies' life. These are documents that are stored on the blockchain and translated into computer code.  Smart contracts immediately execute a contract upon fulfillment of pre-defined terms, without having a middleman, leading to a quick settlement and closing. Once all parties sign the agreement digitally when carrying out their duties, a smart contract immediately releases the deed to the buyer and the money to the seller. Therefore, the escrow fees are practically removed. It is not just a philosophical theory, though. The cycle of substituting Escrow businesses for smart contracts is well underway. The automation of acquisitions of property by settlement procedures is a fact backed by successful cases.

How it works - An Imaginary Scenario

On the blockchain, we'll record and execute a real estate purchase. For example, Bob buys an apartment in his American home in Manchester, England, while he lives overseas. The property payment may be completed with Ethereum's Ether ( ETH) and payable to a smart contract. Bob signs a purchasing agreement, sends ETH to a particular address and awaits the seller to submit the final signed document with a notary. Then, the smart contract executes the rest of the transaction by giving the respective parties both the ETH and the deed. All this while blockchain records all aspects of the contract permanently. In the future, if any of the contracting parties make a claim, the data on the blockchain would be publicly available which can be used as proper evidence. There was no escrow used for the transaction in this case. Surely, finding a seller to agree to accept payment in crypto and process the transaction through a smart contract program can be very challenging. Nonetheless, this hypothetical use case shows to some degree that smart contracts are entirely capable of handling the intermediary position that Escrow companies undertake.  Also, read | Applications of Smart Contracts in Today's Businesses

Can Smart Contracts go Mainstream

Although using cryptocurrency has occurred to this use case of property transactions, there are more secure alternatives that might attract more traditional real estate agencies. The primary issue with executing any cryptocurrency transaction is the volatility issue. Since Bitcoin, Ethereum, and other top coins can easily change 15 percent in a single day, many are uncomfortable taking chances on big transactions like real estate purchases. Smart contracts using fiat money are entirely feasible and gain popularity due (at least for now) to the relative stability of fiat.

What’s next

Envision a society in which real estate can be purchased digitally instantly, conveniently, and securely. Through replacing tedious and repetitive labor with computer protocols, real estate practitioners will free up their resources to take on more specialized job opportunities. Automation is no longer impossible in the real estate transaction phase. It is a working concept in which companies like Oodles are working and constantly improving. We understand the technology's potential and therefore, create settlement protocols that are backed by smart contracts that can eventually achieve broad acceptance.
How to Develop a DeFi Staking Platform

What is DeFi

 

DeFi stands for decentralized finance, which is now very popular in the crypto industry. Millions of individuals are using DeFi solutions and platforms. Cryptocurrency trading is one of the best ways of generating passive income. Users, who trade, earn money back on their assets through interest or returns. Transaction channels are now widely used to trade without brokers. One of the most attractive business concepts for cryptocurrency entrepreneurs and fans is DeFi staking development.

 

DeFi Staking Platform Development

 

Users interested in building a DeFi staking platform can maximize their returns by choosing the proof-of-stake (PoS) consensus protocol. DeFi provides additional liquidity to investors by providing them with management tokens or returns. The decentralized finance platform also creates a new way to deal with transaction fees. Many people liked this concept due to its ease of use and low barriers to entry.

 

Staking creates a complex token-locking system. After securing the investment, the person has the ability to approve trades. The terms between a stakeholder and a blockchain ecosystem will be established through this agreement. This strategy is becoming increasingly popular because it uses much fewer computing resources than PoW. Each network has a unique set of betting requirements that can be done using encryption.

 

You can develop a single or double token model of a DeFi staking platform. Both these terms are explained below:

 

A Single Token

 

This model will support betting and rewarding a token with an identical token in a system where each token has a single award. Therefore, if participants commit to using ABC tokens, they will get the same token as their rewards. 

 

Double Token

 

In a dual-token system, the network offers holdings and rewards for using distinct tokens. So if someone stakes TGHYU regional token, they will get rewards in XYZ tokens.

 

DeFi Staking Platform Development Features

 

Login

 

An entire DeFi solution requires registration via KYC (know your customer) form. However, this feature is optional. 

 

Income Calculator

 

Another feature of a DeFi staking platform is a calculator to show users how their cryptocurrency deposits on the platform will increase over time. Deposited cryptocurrency amount, lock-up period duration, and whether a customer owns a token of a native platform affect APY (Annual Percentage Yield). You can also give clients the option to choose whether they want to include their interests in deposits or paid out separately.

 

Graphic Representation

 

In addition to the most important protocol indicators, such as the amount of the reserve fund (used for APY payouts when necessary) or historical APY changes, decentralized staking software must also display profits in charts.

 

Crypto Wallet Integration

 

Customers demand an easy way to bet, cancel a bet and add more money to existing deposits, which requires the integration of crypto wallets.

 

Advanced Options

 

1. Trading
 

2. Recommendations
 

3. Portfolio management
 

4. Transaction history

 

These features help the DeFi staking platform reduce friction for users looking for passive income from cryptocurrencies. Imagine betting directly using the DeFi protocol on the blockchain. In such a situation, customers would have to set up a cryptocurrency wallet, buy stablecoins, exchange them for the necessary tokens, and then navigate confusing user interfaces.

 

DeFi Staking Platform Development

 

Tokenomics

 

Cryptocurrency-related apps do not require as much audience research as most other software initiatives. It is due to the fact that only 1% of the whole world uses cryptocurrency and it is divided between newbies and knowledgeable buyers.

 

UI/UX Design

 

A rapid prototype is required before starting DeFi development. Taking this measure will save a significant amount of betting development money from being used to create products that fail and gain a little momentum. The UX/UI of the staking software will be designed so that new ideas almost require implementation.

 

Development

 

Creating deployed applications involves two main areas of focus for developers:

 

• Front-ends for web or mobile devices

 

• Smart contract

 

There is no need for the mobile app development team to wait for the blockchain developers to complete the smart contracts, as the production of each component can occur parallelly.

 

Crypto Wallet Development

 

Plan to integrate crypto wallets with well-known wallets like MetaMask. You can also include support for cold wallets. The registration process will be simplified if you have an exclusive crypto wallet.

 

Safety

 

When you publish data to an application, the consensus of the network will require it to be modified, one would assume that any software running on the blockchain is already secure. However, this only applies to truly decentralized applications without admin keys.


When creating a DeFi staking platform, it is very important to give customers a cryptocurrency wallet. Many people find this registration process quite difficult. Alternatively, it is advisable to use a Face ID scan and a unique file that acts as a private key.

 

Test

 

Incorporating smart contracts into hybrid systems such as DeFi staking applications makes it difficult to implement quality control procedures. They have to be redeployed every time a patch is created because they are immutable. Fortunately, blockchain testnets that mimic the primary chain are available to developers.

 

Deployment and Maintenance

 

After your DeFi staking platform development, you have to provide deployment and maintenance support by uploading apps to Google Play and Appstore, releasing new versions, switching servers, etc.

Smart Contract Development on Solana

Solana is a fast-growing blockchain that bears a strong resemblance to Ethereum. Oftentimes, it has been called the “killer of Ethereum.” Like Ethereum, SOL (Solana) tokens can be purchased on major exchanges. The true value of the token is in transactions within the Solana system with unique advantages. The Solana blockchain uses a consensus mechanism that combines the proof-of-history (PoH) or proof-of-stake (PoS) consensus mechanism.

 

This algorithm uses a timestamp to determine the next block of the Solana chain. Previously, cryptocurrencies such as Bitcoin and Litecoin used adversarial algorithms to define blockchains. PoW is a consensus mechanism that relies on miners to determine the next block. However, the mining system is slow and resource-intensive, resulting in energy consumption. This is one of the reasons why Ethereum will soon merge and become a peer-to-peer system. Unlike the previous block identification mechanism, the certificate is used to identify the next block. Tokens are held as collateral by the blockchain until validators agree on the next block of the chain.

 

Advantages of Developing Smart Contracts on Solana

 

Some of the key benefits of deploying smart contracts on Solana are:

 

Fast

 

Speed ​​is one of the main advantages of Solana for smart contract development. Compared to Ethereum, which only runs 15-45 TPS (transactions per second), Solana can process 50,000 TPS and transfer 70,000 TPS. Solana's ability to process thousands of transactions per second makes it one of the fastest blockchain platforms in the current scenario.

 

Affordable

 

Users need to pay gas to process transactions on a blockchain platform. The average fee charged by Solana is $0.000025, which is very low compared to other blockchain platforms in the market.

 

Environment-friendly

 

Solana uses a combination of PoH (Proof-of-History) and PoS (Proof-of-Stake) consensus mechanisms. This combination makes it an environmentally friendly blockchain platform for developing smart contracts. While PoS is responsible for using less energy, the PoH consensus algorithm ensures higher efficiency and higher network throughput. 

 

Greater Transparency and Security

 

Smart contract development on Solana is primarily done in RUST, a multi-paradigm, general-purpose programming language designed for security-specific contracts. In addition, Solana uses the BFT (Byzantine Fault Tolerance) algorithm, which provides greater transparency and security. 

 

Expanded Scale

 

Horizontal zoom is done by zooming horizontally. The Cloudbreak system ensures scalability. It records transaction history on the platform.

 

Solana Smart Contract Architecture

 

Smart contract development and dApp development are two types of Solana development activities. Smart contracts are developed using programming languages ​​such as Rust, C, and C++. Applications are distributed on the chain and managed by a feature called the Solana runtime. Solana comes with a very different smart contract model compared to the traditional EVM-based blockchain. In the case of a traditional blockchain, code and conditions are combined into a single contract. While with Solana, smart contracts have no conditions and the platform only has application logic. Smart contracts hosted on Solana can be accessed by external accounts that interact with the application to store information related to the application. Thus, the state and contract code are logically separated, distinguishing Solana's smart contract development from EVM-powered blockchains. Solana also comes with Command Line Interface (CLI) and JSON RPC API to improve compatibility with dApps. dApps can also interact with Blockchain and Solana applications using existing SDKs. Solana's smart contract development process can be challenging for cryptocurrencies.

 

Smart Contract Development on Solana

 

The following steps can give you an insight into smart contract development on Solana:

 

Set Up the Right Development Environment

 

Creating a solid development environment can be difficult for first-time users. Additionally, users may find it difficult to configure and run smart contract code on Windows. Therefore, Solana is recommended to build a framework consisting of several useful development tools for the marine class. 

 

Create a Local Group

 

After setting up the framework, the next step is to create a local group. A set of validators that work together to maintain the integrity of the service client's accounts and transactions. It is not possible to run a Solana application without a group. Devnet, testnet, and mainnet are the three groups used to run Solana applications. 

 

Write a Program

 

With the local anchor and cluster set up, it's time to write the Solana application. Anchor's CLI (command line interface) allows users to write new programs. Users can edit or update applications using the CLI.

 

Check and Install the App

 

The next step is to write software tests to find bugs and errors in your software.

Gaming NFT Marketplace Development

Traditional Vs. NFT-based Gaming

 

The global gaming industry generates revenue through three sub-markets: PC, console, and mobile gaming. In all media, money flows in one direction, mostly game developers benefit and perpetuate themselves. Traditional gaming structures leave players spending a lot of money with little or no room to create value for themselves. First, players have to buy an expensive gaming device, such as a console. Then, after entering the game environment, they will have to spend money to access game content and exclusive features. But, emerging NFT-based games are tackling all these problems.

 

NFTs are primarily delivered through dApps and focus on creating value for players. For example, in a traditional game, if a player upgrades their armor through in-game purchases, the effect is mostly limited to improving the gaming experience and making it easier to win. In NFT-based games, players can tokenize the same armor and convert it to NFT. It is an active trade that can be made differently and related to the game. NFTs can also be exchanged for cash or other digital assets and cashed out on decentralized exchanges.

 

Another thing about NFTs is that they can be designed to retain their value beyond the original game. NFTs are unique, verifiable, and immutable, so they can be used in multiple gaming environments. Thus, NFTs can dramatically expand the gaming economy, lead to the development of new games, and establish new gaming categories.

 

Following is the importance of NFTs in the gaming market:

  • Authenticating In-Game Native Assets
  • Proof of uniqueness of game assets
  • Acquisition of property and proof of ownership
  • In-Game Tokenization

 

In-Game Trading Assets Changing the NFT Marketplace Gaming Experience?

 

Gaming NFTs allow players to earn while playing, but the player's passion for the game goes beyond the goal of making a profit. Many factors play a role. The scale of profit-making is of course a strong factor, but for its NFT to become mainstream in the game, it needs to be more intuitive and appealing to mainstream consumers.

 

Ownership 

 

The NFT marketplace allows players to tokenize their collectibles and in-game purchases and retain ownership of their assets. Ownership records are kept in a notebook and can be checked at any time.

 

Decentralization


The NFT marketplace operates on a decentralized network and offers the benefits of decentralization through centralized game servers. Decentralized game servers improve user privacy and anonymity.

 

Value Beyond the Original Game

 

NFT marketplace can connect to multiple blockchain-enabled gaming platforms, allowing players to use assets from one game in another connected game to create a holistic gaming experience.

 

Data Security

 

The NFT marketplace is supported by distributed storage solutions such as IPFS to keep data highly secure and immutable.

 

Monetization Scope

 

One of the most notable advantages of the gaming NFT marketplace is the preservation of the rarity of gaming assets, giving players a real scope for monetization. It provides money to appreciate collectors for collecting authentic and rare collectibles in the game. NFT-based gaming assets are scarce due to immutable records embedded in the underlying NFT blockchain network.

 

What is Gaming NFT Marketplace?

 

The gaming NFT marketplace is a blockchain-based platform where users can buy, sell and trade in-game NFTs. Some blockchain games have partnered with gaming NFT marketplaces to enable the tokenization of game assets into game NFTs. Then there are pure NFT marketplace games built solely on the concept of tradable collectibles. Such games are modeled after traditional games such as football, racing, strategy, arcade, and even virtual worlds.

 

The gaming NFT marketplace allows you to create and trade all kinds of game assets such as trucks, cars, costumes, racers, tires, player cards, management packs, jerseys, weapons, warriors, virtual lands, and much more. Its in-game NFT marketplace is a unique collectible that you can make more fun by supporting NFT minting.

 

How does a Gaming NFT Marketplace?

 

Architecture and Mechanics

 

NFT-based games, as well as reward structures, vary from game to game. Innovative features are built around the concept of the game. However, the core NFT marketplace mechanics built into the game make it easy to create and trade in-game NFTs through the following features: cards, virtual assets, GIFs, fan art, and more. Games may specify a list of collectibles that can be used for NFT minting.

 

Trading

 

The NFT marketplace serves as a social platform where users can connect with peers around the world to buy and sell NFTs. NFTs can be traded individually or as collections.

 

Inventory Management

 

The NFT marketplace allows users to manage their NFT inventory. Inventory facilitates the sale of NFTs, thereby facilitating instant transactions.

Fundamentals of Web3 Gaming Development

Web3 game solutions are the latest trend in the digital space, as the penetration of blockchain in the digital world has experienced the highest growth in recent years, and therefore the concept of web3 as the backbone of blockchain is in full swing. Web 3.0 is said to be the next evolution of the Internet, making the Internet interactive with real activities. The Web3 platform is decentralized because it is built on blockchains. Many apps are in development and several have been launched that can be replaced by current apps. Web3 games are currently a trend in the gaming industry, developed and sold in the digital space.

 

What is a Web3 Gaming?

 

Web3 Gaming is a new-generation gaming platform that attracts all generations of users to its games. This is because it is designed to allow users to interact with real-world activities and said in web3 real-time gaming software. Since this web3 game is decentralized, each user's data cannot be misused at any time. Web3 games will see the talent and introduce many developers to the real world because web3 games will come with digital assets that can be used in games. Some Web3 games even allow you to earn cryptocurrency by completing specific game activities. Let's talk more about Web3 games in the next section.

 

Web3 Games

 

The future of Web3 games is mainly focused on blockchain networks, and certified blockchain experts have invested in various platforms such as Ethereum, Binance Smart Chain, Solana, and Polygon to develop Web3 games. Most Web3 games have their own cryptographic tokens that players use to purchase in-app assets on a dedicated marketplace created by the game. Most metaverse games also include the concept of web3, which presents users with an advanced gaming platform. Web3 games represent a completely new experience for players because of the new gaming experience. Because Web3 games are decentralized and game resources are owned by users, the games are independent of central authorities and all game modifications are made in consultation with senior members of the gaming community. . Web3 games will be more interesting. The concept of play-win and copy-win is developed in the web3 space and makes users interact and participate in real games and real games. Users of this platform complete tasks with their game profiles and earn advanced crypto tokens on the destination network.

 

Popular Web3 games

 

Let's take a look at some of the most active web3 games in the digital space with active users on their platforms.

 

  • Alien worlds
  • Decentralized
  • Axis Infinity
  • Sandbox
  • The Splinterlands

 

Several popular web3 games and other web3 lifestyle application concepts include some web games that are interactive with real-world activities. Let's see how it works, now we come up with the concept of earning where users engage the avatar in the real world using the NFT shoes that the user has purchased from the game market. After starting the game with the NFT game, the movements of the user are tracked and rewards are given to the user based on the activity that the user has completed. Web3 games are trending recently because the game assets and content are controlled by the user rather than a central authority like other contemporary games.

 

Features of Web3 Gaming

 

Some interesting features of Web 3 games attract cryptocurrency users and gamers to the gaming platform.

 

Ownership - The web3 game allows users to purchase in-game assets as NFTs and is fully owned by the user.

 

User Driven – The web3 game is completely developed from the user's perspective to engage the user in real-time activities.

 

High scalability — Web3 platforms are highly scalable even with thousands of active players at once.

 

Decentralized — The game is completely decentralized and every change in the game is made with the final decision of the community.

 

Secured – web3 game is developed over a blockchain network and this makes the platform more secure and even the user data.

 

Web3 Game Development

 

The Web3 gaming trend is increasing rapidly with the growth of blockchain, and with certified blockchain experts on board, many blockchain development companies have started their work on developing web3 games. These experts work on blockchain networks to create the best web3 game in many categories that include sports, action, adventure, arcade, simulation, and many more. All the actions that the user performs in web3 games fall under smart contracts, and the development of error-free smart contracts is a crucial step in the development of web3 games, where blockchain developers spend most of their development process. Development also includes many other processes such as wallet integration, marketplace setup, and in-game environment that change with each business proposal. If you're looking to launch a web3 game, discuss your idea with industry pioneer Maticz, one of the exclusive web3 game development companies to take your idea into the digital space.

A Comparison between Ethereum 2.0 and Polkadot

Both Ethereum 2.0 and Polkadot promise a security-based protocol aimed at solving long-known scaling problems for blockchain.

 

Factors to consider include architecture, compromise model, mechanics, storage, and management.

 

Architecture

 

Ethereum 2.0 has a main chain and a locker called the Beacon Chain, each of which is connected only to the Ethereum Wasm interface. To interact with other chains which are not of the platform's end-to-end protocol, it uses the sidechain.

 

Polkadot itself is a Relay Chain that is responsible for coordinating the connected blockchain of the platform. To generalize its functionality, Relay Chain does not support smart contracts. This opportunity is up to the pilgrims. Each patch has its own consensus algorithm, token, etc. block autonomous.

 

Unlike Ethereum 2.0, blockchains are not limited to a single interface like Ethereum where they build their own steps for performing particular actions.

 

Consensus Algorithm

 

Ethereum 2.0 and Polkadot both use a hybrid consensus model. It has its own block production protocol and final result but has a difference in completion time and the number of approvals per position.

 

Epochs as created by Ethereum 2.0 at a particular point in time. Ethereum's definitive protocol, Casper FFG, calculates a set of blocks in 6 minutes (maximum 12 minutes). In contrast, Polkadot's finalization protocol, GRANDPA, finalizes several blocks depending on availability, with a finalization time of 12-60 seconds.

 

If Ethereum 2.0 offers a strong guarantee of reliability, each shard needs multiple validators. Polkadot overcomes this problem by allowing verifiers to distribute the breach code to all verifiers in the system. Finally, not only shard validators, anyone can reconstruct the blockchain and test its validity. This helps Polkadot provide a strong reliability guarantee with fewer validators in each scenario.

 

Mechanics

 

Ethereum 2.0 is a proof of stake that combines 32 blocks per round. These packages are also called periods. Checkers receive rewards once per period (approximately every 6.5 minutes). The Beacon Chain randomly divides the group into committees and assigns them to specific shard blocks during validation.

 

Polkadot uses proposal of stake (NPoS) to select validators. The main objective is to ensure fair representation. Polkadot does this through proportional representation, which ensures that applicants are assigned to approvers according to their candidacy..

 

Sharing

 

If you compare Ethereum vs. Polkadot, it emerges as a common understanding of both platforms, providing increased scalability and high throughput. Vitalik Buterin says that a share on his Twitter page will lead to average traffic of 100,000 TPS. Polkadot transactions are approximately 166,666 TPS per second.

 

Polkadot, each shard has an abstract state transition function. Cabinets on Polkadot can expose a common interface, and none of the defenses should rely on a single interface. Instead, each shard or shard can be individually connected to a relay chain, giving developers the flexibility to create their own rules for how each shard will change the state.

 

Polkadot currently offers the ability to check 20 balloons per block and plans to increase the number to 100 balloons per block. Ethereum 2.0, in turn, will support 64 cities by design.

 

Governance

 

Ethereum 2.0 governance is still unresolved. Currently, the platform uses off-chain governance procedures such as GitHub discussions and All Core Devs calls to make decisions.

 

Polkadot refers to chain management. There are several ways to submit a proposal - for example from the Technical Committee, the circuit board, or the public. All proposals are then put to a public referendum, the result of which is determined by a majority vote.

Category: Blockchain
A detailed guide to Blockchain 4.0

 

Blockchain has a good rise in a shorter interval of time. It introduces in the form of 

 

Cryptocurrency in blockchain 1.0

 

Smart contract in blockchain 2.0

 

dApps in blockchain 3.0

 

Now, what blockchain 4.0 have brought to us, let unfold blockchain 4.0.

 

We can reduce Blockchain 4.0 applications into three specific components - Web 3.0, Metaverse, and Industry 4.0. Let's take a look at each component

 

Web 3.0

 

The internet is constantly changing, and we are on our way to the third iteration of internet services, which comes with technological advances such as IoT, Blockchain, and Artificial Intelligence. 

 

Web 3.0, which focuses on international distribution at its core, is why Blockchain plays a prime role in its development.

 

Web 2.0 has made a difference in opening up new social media options. To take advantage of these opportunities, we as a consumer are putting all our data into centralized systems, sacrificing our privacy, and exposing ourselves to all common online threats. Also, the managing of Web 2.0 forums are by central authorities that set rules of practice while managing user data. The global financial crisis of 2008 revealed gaps in centralized control, which paved the way for fragmentation. The world needs Web 3.0 - a private user forum.

 

Web 3.0 aims to create an independent, open, and intelligent Internet and will rely on distributed protocols, which Blockchain can offer. The development of Blockchain third-generation is to support web 3.0. But, with the rise of Blockchain 4.0, we can expect the emergence of web-based 3.0 chains. It will include integrated collaboration, automation through smart contracts, seamless integration, and storage for P2P data files.

 

Metaverse

 

Metaverse is growing faster, and many technological giants like Facebook, Microsoft, Nvidia, and more, consider it the next big technology.

 

We are connected globally with various contact areas, such as social networking, gaming, networking, and more. Metaverse will make this experience vivid and natural. Advanced AI, IoT, AR & VR, Cloud computing, and Blockchain technology will work to create real-time Metaverse spaces, where users will interact with computer-generated space and other users through the real-time experience.

 

The more we talk about Metaverse, the more it will seem strange to us, especially when we think about it in terms of sports, big art shows, concerts, workplace board rooms, and so on. But, let's look at how blockchain technology can help improve Metaverse.

 

Centralized Metaverse combines more powerful user interaction, depth use of online services, and more disclosure of personal user data. All of this probably means exposure to cybercrime. Enabling centralized structures to control, manage and distribute user data is not a sustainable Metaverse future setup.

 

Therefore, emphasis has to place on the development of Metaverse platforms that will provide user autonomy. Also, the working of Decentraland, Axie Infinity, and Star, all of these Metaverses are with Blockchain:

 

Also, advanced Blockchain 4.0 solutions can help Metaverse users manage their security and trust needs. Take the Metaverse playground, for example, where users can buy, own, and trade in-game items at a much higher value. Proof of ownership of a fixed and rare item such as NFTs will be required to prevent fraud in these assets.

 

Blockchain solutions, especially those expected in Blockchain 4.0, can help manage the following Metaverse development needs:

  • Division of countries
  • Extended data management
  • Security
  • Digital Proof of Identity
  • Digital collection of assets (such as NFTs)
  • Dominance
  • Value transfer via crypto
  • Interaction
  • Industrial Transformation 4.0

 

We can look at the concept of Blockchain 4.0 as a vision that fuels all development efforts aimed at making Blockchain operational in Industry 4.0. The world has always needed an industrial revolution to disrupt people's ideas and jump into new things from time to time. As the steam engine or the internet started to revolutionize the previous industries, Blockchain is now advancing the fourth industrial revolution. According to World Bank experts, Blockchain is the fourth pillar of industrial change because it has the potential to reduce corruption by increasing openness in commercial operations, government processes, and supply chains.

 

The World Bank also seeks to ensure that developing economies can use blockchain technology to eradicate extreme poverty and increase shared prosperity. Bond-i, a new credit product sponsored by Blockchain, has been introduced by the World Bank. Also, the use of Blockchain is to build, share, and manage a tool throughout its life cycle.

 

A Comparative Analysis of Telos and Solana Blockchains

 

Currently, we are in a technological world where blockchain app development has lapped every sector, and various efficient blockchain platforms are available, like Telos, Solna, Avalanche, Tezos, and many more. The question arises, what makes these platforms more powerful than each other?

 

In this article, we will understand the difference between Telos and Solana.

 

Telos: A Web3 Blockchain-based Platform

 

Telos is a third-generation blockchain-based platform generally used to develop fast and scalable decentralized applications with zero transaction costs.

 

Telos made a more collaborative & transparent model by focusing on decision-making and pointing toward influencing and empowering organizations to shift. Thus, the development of the Telos Ethereum Virtual machine (EVM) is to perform that task.

 

Suggested Read | Tezos Blockchain | Powering the Web3 Revolution

 

Telos EVM (Ethereum Virtual Machine)

 

Taking full advantage of the Telos technology, Telos EVM is fully re-designed and made easier for the developer. It is through which they can develop new or upgrade applications to Telos blockchain applications into the Telos blockchain.

 

The benefits of Telos for developers will get, like fair distribution, cost-efficient transactions, and fast block times. It also has No Front-Running, Speed and Scalability, Micro Transaction DeFi, and Governance.

 

Check It Out | DeFi Auditing and Security Best Practices

 

Solana

 

Solana is a blockchain platform that is popular for its efficiency and speed. It pays its transaction fees through its native crypto. Solana has a Smart contracts capability through which developers can build decentralized apps. 

 

Solana focuses on making the crypto network grow faster and faster and is one of the new crypto solutions aimed at making crypto networks faster and more efficient. It implements a series of clever technologies, including a new method called “Historical proof.” 

 

Telos Vs Solana 

 

Market Power

 

It is one of the most crucial metrics related to order, accessibility, and potential for growth and rotation over time as people use technology.

 

Programming Languages ​​(Rust Vs C++)

 

The programming language for Telos Smart contract development is EOSIO C ++ (with Telos Evm - Solidity and Vyper too). Solana, Rust. Although both languages ​​are popular and well known, we can also add some code comparisons to see which one is most ‘appropriate’ to develop smart contracts.

 

Energy Consumption

 

All transactions with blockchain production consume energy and discharge pollution into the environment. For sustainability, reducing energy consumption as much as possible is essential.

 

Environmental Friendliness

 

In addition to the previous point, it is also important to note whether block manufacturers use renewable energy or not and if there is an organizational policy related to reducing the carbon footprint offset network.

 

Divide Rate

 

It refers to transferring control and decision-making from a central organization (individual, organization, or group) to a distributed network. It is one of the most important features of blockchain networks.

 

Block Time

 

It is the amount of time it takes to generate a new block or data file on a blockchain network. It is almost when the transaction takes place. Thus, a short blockade means a quick transaction.

 

Developers and Communities

 

A crucial factor in the success of a blockchain network is that the community supports it. Developers and the public are generally the backbone of the blockchain and give it value and credibility.

 

Transaction Per Second

 

Transactions-per-second (TPS) is a fundamental metric that allows components of any transaction to be completed quickly. It is with a short delay and provides lower latency for dApps.

 

Also, Discover | Game Development on Solana | The Future of Gaming

 

We are a blockchain development company based in Gurugram, and if you are looking to develop a project on Tezos or Solana, we are the right partner for you. Feel free to connect with our blockchain expert team.

 

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