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How to Build Automated Market Maker (AMM) Logic in Solidity Automated Market Maker (AMM) model sits at the heart of crypto exchange transformation, a fundamental innovation powering many centralized crypto exchange platforms and decentralized exchanges (DEXs). It is a protocol, integrated using crypto exchange development, that allows cryptocurrency trading without using traditional order books. Instead of matching buy and sell orders, AMMs rely on liquidity pools that use mathematical formulas to determine prices. Users can trade directly with the pool, and prices are adjusted based on supply and demand within the pool.Explore | An Exhaustive Introduction to Automated Market Makers (AMM)Steps to Implement AMM Logic in Solidity1. Setting up the Development EnvironmentInstall Node.js: Node.js is required for running the necessary scripts and tools.Install Hardhat: Hardhat is a development framework for building and testing smart contracts. Install it by running the following command:Create a Hardhat Project: Initialize a new Hardhat project by running: npx hardhat init2. Create the ContractInside the contracts directory, create a new file named Amm.sol. This Solidity file will hold our Amm logic.3. Implement the ContractProgram : // SPDX-License-Identifier: MIT pragma solidity ^0.8.27; contract TokenV2SwapAmm{ address private constant UNISWAPV2ROUTER = 0x7a250d5630B4cF539739dF2C5dAcb4c659F2488D; address private constant WETH_TOKEN = 0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2; address private constant DAI_TOKEN = 0x6B175474E89094C44Da98b954EedeAC495271d0F; address constant USDC_TOKEN = 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48; IUniswapV2Router private myrouter = IUniswapV2Router(UNISWAPV2ROUTER); IERC20 private weth_token = IERC20(WETH_TOKEN); IERC20 private dai_token = IERC20(DAI_TOKEN); // Swap WETH_TOKEN to DAI_TOKEN function swapSingleHopExactAmountIn(uint256 amount_In, uint256 amount_OutMin) external returns (uint256 amountOut) { weth_token.transferFrom(msg.sender, address(this), amount_In); weth_token.approve(address(myrouter), amount_In); address[] memory route; route = new address[](2); route[0] = WETH_TOKEN; route[1] = DAI_TOKEN; uint256[] memory amounts = myrouter.swapExactTokensForTokens( amount_In, amount_OutMin, route, msg.sender, block.timestamp ); // amounts[0] = WETH_TOKEN amount, amounts[1] = DAI_TOKEN amount return amounts[1]; } // Swap DAI_TOKEN -> WETH_TOKEN -> USDC_TOKEN function swapMultiHopExactAmountIn(uint256 amount_In, uint256 amount_OutMin) external returns (uint256 amountOut) { dai_token.transferFrom(msg.sender, address(this), amount_In); dai_token.approve(address(myrouter), amount_In); address[] memory route; route = new address[](3); route[0] = DAI_TOKEN; route[1] = WETH_TOKEN; route[2] = USDC_TOKEN; uint256[] memory amounts = myrouter.swapExactTokensForTokens( amount_In, amount_OutMin, route, msg.sender, block.timestamp ); // amounts[0] = DAI_TOKEN amount // amounts[1] = WETH_TOKEN amount // amounts[2] = USDC_TOKEN amount return amounts[2]; } // Swap WETH_TOKEN to DAI_TOKEN function swapSingleHopExactAmountOut( uint256 amountOutRequired, uint256 amounttInMaxreq ) external returns (uint256 amountOut) { weth_token.transferFrom(msg.sender, address(this), amounttInMaxreq); weth_token.approve(address(myrouter), amounttInMaxreq); address[] memory route; route = new address[](2); route[0] = WETH_TOKEN; route[1] = DAI_TOKEN; uint256[] memory amounts = myrouter.swapTokensForExactTokens( amountOutRequired, amounttInMaxreq, route, msg.sender, block.timestamp ); // Refund WETH_TOKEN to msg.sender if (amounts[0] < amounttInMaxreq) { weth_token.transfer(msg.sender, amounttInMaxreq - amounts[0]); } return amounts[1]; } // Swap DAI_TOKEN -> WETH_TOKEN -> USDC_TOKEN function swapMultiHopExactAmountOut( uint256 amountOutRequired, uint256 amounttInMaxreq ) external returns (uint256 amountOut) { dai_token.transferFrom(msg.sender, address(this), amounttInMaxreq); dai_token.approve(address(myrouter), amounttInMaxreq); address[] memory route; route = new address[](3); route[0] = DAI_TOKEN; route[1] = WETH_TOKEN; route[2] = USDC_TOKEN; uint256[] memory amounts = myrouter.swapTokensForExactTokens( amountOutRequired, amounttInMaxreq, route, msg.sender, block.timestamp ); // Refund DAI_TOKEN to msg.sender if (amounts[0] < amounttInMaxreq) { dai_token.transfer(msg.sender, amounttInMaxreq - amounts[0]); } return amounts[2]; } } interface IUniswapV2Router { function swapExactTokensForTokens( uint256 amount_In, uint256 amount_OutMin, address[] calldata route, address to, uint256 deadline ) external returns (uint256[] memory amounts); function swapTokensForExactTokens( uint256 amountOut, uint256 amounttInMaxreq, address[] calldata route, address to, uint256 deadline ) external returns (uint256[] memory amounts); } interface IERC20 { function totalSupply() external view returns (uint256); function balanceOf(address account) external view returns (uint256); function transfer(address recipient, uint256 amount) external returns (bool); function allowance(address owner, address spender) external view returns (uint256); function approve(address spender, uint256 amount) external returns (bool); function transferFrom(address sender, address recipient, uint256 amount) external returns (bool); } interface IWETH_TOKEN is IERC20 { function deposit() external payable; function withdraw(uint256 amount) external; }Create the ContractInside the contracts directory, create a new file named Amm.sol. This Solidity file will contain the AMM logic for token swaps.Implement the AMM Logic in SolidityThe following code snippet implements the AMM logic for token swaps using Uniswap's V2 router. async function main() { const Ammswap = await ethers.getContractFactory('TokenV2SwapAmm'); const swap = await Ammswap.deploy(); await swap.deployed(); console.log('Amm logic deployed to:', swap.address); } main().catch((error) => { console.error(error); process.exitCode = 1; }); Testing the Contract1. Write Tests: - In the test directory, create a new file for the tests.- Use Hardhat's testing framework to write tests for your contract.2. Run Tests: npx hardhat test Also, Explore | Identifying Smart Contract Orchestration Patterns in SolidityConclusionCongratulations on implementing Automated Market Maker (AMM) Logic in Solidity and deploying your contract on Ethereum.Ready to take your decentralized Amm swap system to the next level? Contact our expert blockchain developers at Oodles to transform your vision into a robust, feature-rich solution tailored to your specific needs. Let's innovate together and redefine the future of Amm swap.

Technology: SOLIDITY , HTML,CSS more Category: Blockchain

Krishan Chand

28 Nov 2024

Integrating Web3 Authentication into a Next.js Application After web1 and web2, Web3 development is now transforming how users interact with applications by leveraging blockchain technology for authentication and identity management. Integrating Web3 authentication into a Next.js application allows users to log in securely without traditional passwords, relying instead on their crypto wallets, such as MetaMask. This guide walks through the process of integrating Web3 authentication step by step.Also, Check | Embracing Web3 and Metaverse: The Next Digital RevolutionPrerequisitesFamiliarity withNext.js and React.A basic understanding ofEthereum wallets like MetaMask.Node.js installed (preferably v20 or later).An active Ethereum wallet for testing.Explore | Develop a Multi-Token Crypto Wallet for Ethereum with Web3.jsIntegrating Web3 Authentication into a Next.js ApplicationSetting Up a Next.js ApplicationBegin by creating a new Next.js project:npx create-next-app@latest web3-auth-nextjs cd web3-auth-nextjs npm install ethersHere, we use theethers library to interact with Ethereum wallets.Step 1: Adding Wallet Connection LogicCreate a utility for connecting to a wallet. In yourutils folder, add a file namedweb3.js:// utils/web3.js import {ethers }from'ethers'; exportconstconnectWallet=async ()=> { try { if (!window.ethereum) { thrownewError("MetaMask is not installed"); } constprovider=newethers.BrowserProvider(window.ethereum); awaitwindow.ethereum.request({method:'eth_requestAccounts' }); constaccounts=awaitprovider.listAccounts(); constsigner=awaitprovider.getSigner(); if (accounts.length===0) { thrownewError("No accounts found. Please connect a wallet."); } return {provider,signer,account:accounts[0] }; }catch (error) { console.error("Error connecting wallet:",error.message); throwerror; } }; exportconstsignMessage=async (signer,message)=> { try { constsignature=awaitsigner.signMessage(message); returnsignature; }catch (error) { console.error("Error signing message:",error.message); throwerror; } };Step 2: Creating a Web3 Context with ZustandTo manage Web3 states like connection status and account information, use Zustand:npm install zustandThen create a context instore/web3Store.js:// store/web3Store.js import {create }from'zustand'; exportconstuseWeb3Store=create((set)=> ({ account:null, setAccount: (account)=>set({account }), }));Step 3: Building the Login ComponentIncomponents/WalletLogin.js, add the following:"use client"; import {connectWallet,signMessage }from"../utils/web3"; import {useWeb3Store }from"../store/web3Store"; import {useState }from"react"; constWalletLogin= ()=> { const [error,setError]=useState(""); const {account,setAccount }=useWeb3Store(); consthandleLogin=async ()=> { try { const {signer,account }=awaitconnectWallet(); constmessage="Authenticate with Web3"; constsignature=awaitsignMessage(signer,message); console.log("Signature:",signature);// For backend validation setAccount(account?.address); }catch (err) { setError(err.message); } }; return ( <div style={{ display:"flex", flexDirection:"column", alignItems:"center", }} > {account ? ( <p>Connected as:{account}</p> ) : ( <button style={{ padding:12, border:"2px solid #d1d5db", }} onClick={handleLogin} > Connect Wallet </button> )} {error &&<pstyle={{color:"red",marginTop:8 }}>{error}</p>} </div> ); }; exportdefaultWalletLogin; Step 4: Adding Authentication to PagesTo use theWalletLogin component, update yourpages/index.js:importWalletLoginfrom"../components/walletLogin"; exportdefaultfunctionHome() { return ( <divstyle={{padding:16 }}> <h1 style={{ fontSize:24, marginBottom:16, textAlign:"center", }} > Web3 Authentication in Next.js </h1> <WalletLogin/> </div> ); }Step 5: Testing the ApplicationRun the app withnpm run dev.Openhttp://localhost:3000 and clickConnect Wallet.After connecting, your Ethereum address should display.Check the console for the signed message. You can use this data to validate the signature on your backend.You may also like | Developing Cross-Platform Crypto Wallet with Web3.js & ReactEnhancementsSecure Messaging: Use a random nonce as the message to prevent replay attacks.Backend Integration: Send the signature and address to a backend API for verification.Styling: Use Tailwind CSS or Chakra UI for a polished UI.ConclusionIntegrating Web3 authentication into a Next.js app provides a modern, secure login experience for users. By leveraging Ethereum wallets like MetaMask, you reduce reliance on traditional passwords, improving both security and user experience. This setup serves as a foundation for building decentralized applications with seamless Web3 authentication.Feel free to enhance this implementation further by adding features like session persistence, multi-wallet support, or custom authentication flows!At Oodles, our team of expert blockchain developers can help you integrate secure Web3 authentication, decentralized finance (DeFi), and other cutting-edge blockchain solutions into your projects. Get in touch with us today to explore how we can help bring your Web3 ideas to life.

Technology: RUST , NO SQL/MONGODB more Category: Blockchain

Devashish Trehan

25 Nov 2024

Restaking | The Next Big Thing in the Crypto Space As blockchain networks evolve, the demand for greater efficiency, scalability, and security continues to grow. Proof-of-Stake (PoS) systems, such as Ethereum 2.0, have addressed some challenges by allowing participants to stake tokens and secure the network in exchange for rewards. However, the question remains: how can stakers maximize their earnings while contributing to the network's resilience?This is whererestaking emerges as a game-changing solution in the realm ofdefi development services. It involves reinvesting staking rewards back into the network to compound earnings. It boosts individual returns and strengthens the overall blockchain ecosystem by increasing security and scalability. With its growing adoption among individual users, businesses, and institutions, the concept emerges as a pivotal innovation.This blog explores how restaking works, its benefits, and the transformative potential for blockchain networks. We'll also examine its role in driving innovation in decentralized finance (DeFi) and its expected impact on the blockchain landscape by 2025.Explore |Everything About Crypto Intent Prediction MarketplacesWhat is Restaking?Restaking is an emerging concept in blockchain and cryptocurrency, particularly in the context of Proof-of-Stake (PoS) systems like Ethereum 2.0. It involves taking the rewards earned from staking and reinvesting them back into the staking process. This can be done manually by the staker or automatically through smart contracts.Restaking thus, refers to the process of reinvesting staking rewards back into the staking pool, allowing stakers to compound their earnings over time. Unlike traditional staking, where rewards are distributed but not reinvested, this concept ensures that rewards generate additional returns.Before diving into more about it, let us first understand the basic difference between staking and restaking:Read Also |Comprehensive Guide to Implementing SaaS TokenizationDifference between Staking and RestakingStaking: Users lock up their tokens in a proof-of-stake (PoS) blockchain to participate in network validation, earning rewards in return.Restaking: Instead of being limited to a single staking role, it lets the same staked tokens provide security or services to additional.In PoS systems, participants stake their tokens to validate transactions and secure the network, earning rewards for their contributions. This new concept enhances this process in the either of the two ways:Manual: Stakers manually reinvest their rewards, requiring active monitoring and frequent action.Automated: Smart contracts handle the reinvestment process automatically, offering consistency and reliability without manual intervention.By leveraging the emerging concept, stakers can optimize their returns while supporting network security and decentralization.Why Restaking MattersRestaking delivers value across multiple dimensions. For stakers, it maximizes returns with minimal effort. For blockchain networks, it strengthens security, scalability, and user participation. It is not just a financial strategy — it's a mechanism that drives innovation, sustainability, and growth in decentralized ecosystems.Read Also|Crypto Staking Platform Developed by OodlesKey Benefits of RestakingCompounding RewardsThe most significant advantage is the ability to generate higher long-term earnings through compounding. For example, consider a staker with an initial $1,000 investment and an annual return of 10%. With restaking, the rewards grow exponentially as each reinvestment builds upon the previous one.Enhanced Network SecurityRestaking increases the amount of tokens locked in the network, making it more secure. A higher staking ratio reduces the likelihood of 51% attacks and ensures better decentralization. This security enhancement benefits not only the stakers but also the entire blockchain ecosystem.Increased ParticipationRestaking encourages users to remain engaged with the staking process. It fosters a culture of active participation, which strengthens blockchain networks and creates a more supportive community of validators and users.How Does Restaking WorkManual RestakingIt involves stakers periodically reinvesting their rewards. While this approach offers control over the reinvestment process, it requires consistent monitoring and effort. Missed reinvestment opportunities or delays can reduce potential earnings, making it less efficient.Automated RestakingThis strategy leverages smart contracts to reinvest rewards seamlessly. Once set up, the system operates without human intervention, ensuring that rewards are reinvested promptly. This method eliminates human error, saves time, and provides consistent results, making it the preferred choice for both individual and institutional stakers.Check it out |Exploring Crypto Arbitrage Trading Bot and DevelopmentHow Restaking Helps BusinessesUnlocking Passive Revenue StreamsBusinesses holding PoS tokens can leverage restaking to generate a steady, compounded income. This strategy is particularly appealing to organizations seeking low-risk ways to diversify their revenue portfolios.Strengthening Blockchain InvestmentsRestaking allows businesses to maximize the value of their blockchain holdings. By reinvesting rewards, companies can scale profits while aligning with long-term investment strategies.Boosting Network Support for Industry ProjectsRestaking contributes to the stability of blockchain networks hosting business operations. By reinforcing these networks, businesses benefit from enhanced reliability and scalability, creating a mutually beneficial relationship.Efficiency and Cost SavingsAutomated restaking reduces the need for active management, freeing up resources for other strategic initiatives. This cost-effectiveness makes it an attractive option for organizations of all sizes.Read Also |An Introductory Guide to Ethereum 2.0 | A Major UpgradeThe Future of Restaking in 2025Increased Adoption Across NetworksRestaking is expected to become a standard feature across PoS blockchains. Emerging projects will integrate it as core functionality, appealing to both individual and institutional participants.Enhanced Smart Contract FeaturesAdvanced smart contract features, such as adaptive restaking algorithms and AI-driven optimization tools, will make it more efficient. These innovations will allow stakers to tailor their strategies to market conditions and maximize returns.Economic and Network ImpactWidespread adoption of it will influence token value and market dynamics. Promoting long-term holding and consistent participation, it will drive stability, scalability, and security across networks.Read Also |Ethereum Distributed Validator Technology | DVT for StakingConclusionRestaking is shaping the future of blockchain and crypto by unlocking new opportunities for stakers, businesses, and networks. It maximizes returns, enhances security, and fosters active participation, making it a cornerstone of PoS ecosystems. As technology evolves, it will play a vital role in driving innovation and sustainability in decentralized finance.Are you ready to harness the power of restaking for your blockchain projects? Partner with Oodles Blockchain to develop custom PoS solutions and maximize your blockchain investments. Contact ourblockchain developers today to unlock the full potential of crypto and decentralized technologies!

Technology: BITCOIN (BTC) , ETHERJS more Category: Blockchain

Saumya Srivastava

25 Nov 2024

Quantum-Resistant Blockchain App Development Using Mochimo In the next 4-5 years, the cryptocurrency development will encounter extraordinary challenges that will transform familiar digital assets such as Bitcoin (BTC) and Ethereum (ETH) as we know them. The introduction of quantum computing jeopardizes the security of the current ECDSA (Elliptic Curve Digital Signature Algorithm) protocols, on which these assets rely. As quantum technology improves, cryptocurrencies will undoubtedly reach a tipping point, forcing people to adapt or be left exposed.This imminent change is expected to result in a time of rapid transformation throughout the cryptocurrency sector. There will be numerous efforts to tweak or "fork" current blockchains using blockchain development services so that they are post-quantum secure. This transition will be difficult and disruptive for many projects as developers try to incorporate quantum-resistant algorithms to protect against potential flaws.Quantum-Resistant Blockchain App Development Using MochimoIn this changing context, a new sort of blockchain may emerge—one designed from the bottom up to handle both the threats posed by quantum computing and the existing scaling concerns confronting today's leading cryptocurrencies. Such a blockchain would be:1. Post-Quantum Secure: Security methods designed to withstand quantum computing attacks.2. Built on Evolved Technology: With years of experience from previous cryptocurrency initiatives, this blockchain would have a polished and optimized codebase.3. Highly Scalable: Designed to process substantially more transactions per second than Bitcoin or Ethereum, solving concerns such as blockchain bloat and transaction throughput limitations.4 . Fast to Sync: A blockchain in which syncing a full node takes only minutes, hence boosting accessibility and lowering entry barriers for new users.To solve the issues with current blockchain systems, Mochimo (MCM), a third-generation cryptocurrency and transaction network, was created from the ground up. Using post-quantum cryptography technologies, Mochimo, which was created from the ground up, combines elite features into a seamless ecosystem that is future-proof. It makes use of a unique proof-of-work mining technique, a novel consensus method, and a randomized peer-to-peer network. When combined, these components produce a distributed ledger that is trustless and improves the security and effectiveness of cryptocurrency transactions.Also, Explore | Addressing the Quantum Threat | A Guide to Crypto ProtectionThe design of Mochimo addresses a variety of challenges:As cryptocurrencies have developed, their broad usage has led to a number of difficulties. A lot of coins from the second generation try to address one or more of these problems. However, the Mochimo team has developed a thorough and progressive strategy by including a variety of cutting-edge design elements in bitcoin that successfully solve all of the following issues rather than putting answers into place piecemeal.• The Threat of Quantum Computers.• A Long-Term Solution for Network Scalability.• Ensuring FIFO Transactions and No Transaction Queues.• Transaction Throughput and Security.You may also like | Quantum Resistant Cryptocurrency: A Complete GuideNotable Currency Statistics in MochimoSupply Maximum: 76,533,882Coins that can be mined: 71,776,816 (93.8%)Trigg's Algorithm-PoW is the mining algorithm.Challenge Modification: Each BlockGoal Block Duration: 337.5 SecondsGenesis Block: Network TX, June 25, 2018 Fee: fixed at.0000005 MCMInitial incentive: 5.0 MCM per block Bonus Growth (through Block 373,760) Four Years:.00015 MCMBlock 373,760's maximum reward is 59.17 MCM per block.Reward Decrement:.000028488 (through Block 2,097,152 22 Years) MCMBlock 2,097,152 Final Reward: 5 MCMComplete Mining Time frame: about 22 yearsPremine Specifics:-Premine total: 6.34% (4.76M MCM)Premine for Dev Team Compensation: 4.18% (3.2M MCM)Other Premine: 2.16% (1.56M MCM) (run by the Mochimo Foundation)Genesis Block: 23:40 UTC on June 25, 2018You may also like | Quantum-Resistant Blockchain: A Comprehensive GuideSeveral crucial actions must be taken to incorporate Mochimo's quantum-resistant features into your application:1. Download and Install Mochimo Server: Mochimo Website: https://mochimo.org/ Mochimo GitHub: https://github.com/mochimodev/mochimo.git 2. Set up the server and find the configuration files:Locate the Mochimo configuration files after installation; these are often located in the installation directory.3. Modify the configuration:Use a text editor to open the primary configuration file, which is frequently called mochimo.conf. Set up parameters like data folders, network settings, and port numbers. Verify that the server is configured to listen on localhost, which is usually 127.0.0.1.4. Launch the server for Mochimo:Get a Command Prompt or Terminal open. Go to the directory where Mochimo is installed. Start the ServerAlso, Explore | How to Build a Cross-Chain Bridge Using Solidity and RustStep-by-Step Integration of Mochimo Server with Your Express Application:1. Ensure that the Mochimo server is operating locally and listening on the designated port, which is 2095 by default.2. Install Node.js and install the required packages for your Express application.3. Install Required Packages: npm install express body-parser axios netThe code is here: const express = require('express'); const bodyParser = require("body-parser"); const net = require('net'); const axios = require('axios'); const app = express(); const port = 9090; const MOCHIMO_NODE_URL = 'http://localhost:2095'; app.use(bodyParser.json()); // Function to check the Mochimo server status using a socket const checkMochimoStatus = () => { return new Promise((resolve, reject) => { const client = new net.Socket(); client.connect(2095, 'localhost', () => { console.log('Connected to Mochimo Server'); client.write('Your command here\n'); // Replace with a valid command if necessary }); client.on('data', (data) => { console.log('Received:', data.toString()); resolve(data.toString()); client.destroy(); }); client.on('error', (err) => { console.error('Socket error:', err); reject(err); client.destroy(); }); client.on('close', () => { console.log('Connection closed'); }); setTimeout(() => { Mochimo Website: console.log('Connection timed out'); client.destroy(); }, 10000); }); }; // Endpoint to check Mochimo server status app.get('/check-mochimo-status', async (req, res) => { try { const response = await checkMochimoStatus(); console.log("Response:", response); res.status(200).json({ message: 'Mochimo Server is running', data: response, }); } catch (error) { res.status(500).json({ message: 'Failed to connect to Mochimo Server', error: error.message, }); } }); // Endpoint to send a transaction to the Mochimo server app.post('/send-transaction', async (req, res) => { const { sender, recipient, amount, privateKey } = req.body; try { const response = await axios.post(`${MOCHIMO_NODE_URL}/api/transactions/send`, { sender, recipient, amount, privateKey, }); res.status(200).json({ message: 'Transaction sent successfully', transaction: response.data, }); } catch (error) { console.error('Error sending transaction:', error); res.status(500).json({ error: 'Failed to send transaction: ' + error.message }); } }); // Endpoint to check the balance of an address app.get('/balance/:address', async (req, res) => { const { address } = req.params; try { const response = await axios.get(`${MOCHIMO_NODE_URL}/api/addresses/${address}`); res.status(200).json({ address, balance: response.data.balance, }); } catch (error) { console.error('Error fetching balance:', error); res.status(500).json({ error: 'Failed to fetch balance: ' + error.message }); } }); // Start the Express server app.listen(port, () => { console.log(`Mochimo backend application listening at http://localhost:${port}`); });ConclusionThe impending development of quantum computing poses serious problems for the cryptocurrency market and compromises the safety of well-known assets like Ethereum and Bitcoin. Strong post-quantum solutions are becoming increasingly important as these technologies advance. Proactive efforts are being made to create a new generation of cryptocurrencies that are intrinsically immune to quantum attacks, as demonstrated by projects like Mochimo. To solve the shortcomings of existing systems and provide a safe and convenient environment for users, Mochimo intends to incorporate sophisticated encryption techniques, improved scalability, and effective transaction processing. To ensure the long-term viability and security of digital assets in a post-quantum world, the cryptocurrency industry will need to employ quantum-resistant technologies as it navigates this transition. If you are looking to build a blockchain-based application, connect with our skilled blockchain developers to get started.

Technology: PYTHON , Web3.js more Category: Blockchain

Tushar Shrivastava

04 Nov 2024

Decentralized Prediction Market Development on Ethereum Decentralized Prediction Market Development on EthereumPrediction 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 servicesPrerequisitesBasic knowledge of Solidity and Ethereum Smart Contracts.Installed tools: Node.js, npm, Truffle, and Ganache or Hardhat.Ethereum wallet: MetaMask for testing on a public testnet like Rinkeby or Goerli.You may also like | How to Create a Yield Farming ContractWhat 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 ContractOur smart contract will allow users to:Create markets for predicting events.Place bets on available outcomes.Settle markets based on outcomes.Distribute winnings based on the outcome.Key FunctionsCreating a Market: Allow a user to create a prediction market.Placing Bets: Allow users to place bets on specified outcomes.Finalizing Market: After the outcome is known, finalize the market and distribute winnings.Also, Explore | How to Create a Liquid Staking PoolA Step-by-Step Code ExplanationHere'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 V3Explanation of the CodeStructs 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).Market Creation: The createMarket function lets the admin create a market, specifying a description and a deadline.Betting on Outcomes: placeBet allows users to bet on an outcome (Yes or No) with an amount in Ether.Finalizing the Market: finalizeMarket enables the admin to lock in the actual outcome once the event is over.Claiming Winnings: Users can call claimWinnings to receive their payout if they bet on the correct outcome.ConclusionIn 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.

Technology: PYTHON , Web3.js more Category: Blockchain

Yogesh Sahu

30 Oct 2024

Node Sale as a Service | Simplifying Fundraising for Businesses As blockchain technology quickly changes, many businesses find it difficult to set up and manage the necessary infrastructure. They need secure, scalable, and affordable solutions to make the most of blockchain's benefits like transparency, efficiency, and decentralization. However, more than 40% of companies trying to adopt blockchain say that the costs and technical difficulties of setting up and maintaining the infrastructure create big challenges. This often slows down their efforts to develop blockchain projects. To address these issues, many companies are turning toblockchain development services for support.Node Sale as a Service addresses this challenge by giving businesses easy access to blockchain nodes without the steep learning curve. These services allow companies to bypass the complex process of hardware setup, maintenance, and scaling, providing ready-to-use blockchain infrastructure.This blog aims to inform businesses about Node Sale Services and demonstrate their potential benefits. By the end, you'll understand how these services can help you streamline your blockchain initiatives and drive operational efficiency and growth.Read Also |Understanding Crypto Nodes: The Backbone of BlockchainWhat Are Node Sale Services?Node Sale Services are managed services that let businesses access blockchain nodes on a purchase or subscription basis. Rather than requiring companies to set up nodes on their own—which involves complex technical processes and significant infrastructure costs—these services offer ready-to-use blockchain nodes that support various networks.FunctionalityNode Sale Services allow businesses to acquire different types of blockchain nodes (e.g., full nodes, validator nodes) without needing extensive technical expertise. Typically, the service provider handles setup, configuration, monitoring, and maintenance, allowing businesses to connect to blockchain networks quickly and easily. This functionality is especially valuable for companies looking to leverage blockchain without diverting resources to in-house node management.Check it Out |Layer 2 Solutions for Crypto Exchange DevelopmentTypes of Nodes AvailableNode Sale Services usually offer several types of nodes:Full Nodes: Store a complete copy of the blockchain ledger, ensuring security and reliability.Validator Nodes: Participate in consensus by validating transactions, which is critical for networks using Proof of Stake (PoS).Light Nodes:Designed for lightweight interactions, downloading only a portion of the blockchain data.Each type offers unique advantages depending on the specific goals and needs of a business.Also, Read |Unveiling the Potential Layer 3 Blockchain DevelopmentWhy Businesses Should Consider Node Sale ServicesAccess to Blockchain InfrastructureNode Sale Services simplify access to blockchain infrastructure by providing ready-to-deploy nodes. With these services, businesses can connect to blockchain networks quickly and efficiently without needing extensive technical expertise or lengthy setup processes.Cost and Time EfficiencyBy outsourcing infrastructure through Node Sale Services, businesses save on the substantial costs associated with in-house node setup, technical skill requirements, and maintenance. This allows companies to focus on core operations and reallocate resources toward growth and development.Enhanced ScalabilityNode Sale Services offer the flexibility to scale blockchain operations up or down as demand changes. When blockchain usage increases, companies can easily add nodes or upgrade services without overhauling infrastructure, allowing them to adapt seamlessly to market needs.Expert Support and MaintenanceNode Sale Services include expert support, offering assistance with setup, troubleshooting, and ongoing maintenance. This expert support reduces the need for an in-house technical team and provides peace of mind to businesses, knowing they have access to knowledgeable professionals.Opportunity for Revenue GenerationOperating nodes can also create an additional revenue stream for businesses. Companies can use their nodes to earn income through transaction fees, staking rewards, or by offering blockchain services to other businesses. This revenue potential allows businesses to offset initial costs and potentially achieve profit over time.You may also like |Comprehending ZK Rollups | Layer 2 Scaling SolutionsReal-World Use Cases of Node Sale ServicesFintech CompanyA fintech company can leverage Node Sale Services to enhance its blockchain capabilities and expand into decentralized finance (DeFi) offerings. By accessing blockchain nodes quickly and affordably, the company introduced new DeFi products faster, allowing it to stay competitive in a rapidly evolving market.Supply Chain ManagementA supply chain company uses Node Sale Services to improve transparency and efficiency by tracking goods at every stage of the process. By deploying nodes, the company reduced fraud and improved traceability, enhancing both customer trust and operational effectiveness.Healthcare SectorA healthcare organization can utilize Node Sale Services to create a secure, decentralized patient record system. By deploying nodes across various hospitals, the organization ensured that patient data remained tamper-proof and accessible only to authorized personnel. This improved data sharing among healthcare providers while maintaining patient privacy, ultimately enhancing the quality of care.Gaming IndustryA gaming company can adopt Node Sale Services to support its blockchain-based gaming platform. By quickly deploying nodes, the company can enable real-time transactions for in-game assets and rewards. It can allow players to trade and own their digital items securely. This increased player engagement and created a thriving marketplace for virtual goods.Explore |Blockchain Oracles | Making Smart Contracts Talk to the WorldConclusionNode Sale Services provides a practical solution for businesses looking to adopt blockchain without the complexity and expense of in-house node management. These services offer easy access to blockchain infrastructure, cost and time efficiency, scalability, expert support, and revenue opportunities.If you're ready to elevate your blockchain strategy, consider Node Sale Services as a path forward. Contact our experiencedblockchain developers to learn more or schedule a consultation to discuss how these services can support your business goals and drive growth.

Technology: HYPERLEDGER FABRIC CA , HARDHAT more Category: Blockchain

Saumya Srivastava

30 Oct 2024

Creating a Token Vesting Contract on Solana Blockchain In the world of crypto/token development and blockchain, token vesting is a vital mechanism used to allocate tokens to individuals over a specified period rather than all at once. This approach helps to align the interests of contributors, advisors, and investors with the long-term success of a project. In this blog, we'll explore the concept of token vesting, and how it works, and dive into a practical implementation using the Simple Token Vesting contract written in Rust with the Anchor framework.What is Token Vesting?Token vesting involves gradually releasing tokens to individuals (beneficiaries) based on predefined schedules and conditions. This helps prevent immediate sell-offs and incentivises participants to stay committed to the project. The key benefits of token vesting include:Promoting Long-Term Commitment: Beneficiaries are motivated to remain involved with the project.Preventing Market Manipulation: Reduces the risk of large sell-offs that could affect the token's price.Aligning Interests: Ensures that all parties work toward the project's success over time.Also, Explore | How to Build a Crypto Portfolio TrackerThe Structure of the Simple Token Vesting ContractThe Simple Token Vesting contract provides a framework for managing token vesting on the Solana blockchain. Let's break down its main components:Initialization: The Admin sets up the contract with a list of beneficiaries and allocates tokens for them.Releasing Tokens: The Admin can release a percentage of tokens to beneficiaries periodically.Claiming Tokens: Beneficiaries can claim their vested tokens based on the amount released.#[program] pub mod token_vesting { use super::*; pub fn initialize(ctx: Context<Initialize>, beneficiaries: Vec<Beneficiary>, amount: u64, decimals: u8) -> Result<()> { // Initialization logic here... } pub fn release(ctx: Context<Release>, percent: u8) -> Result<()> { // Release logic here... } pub fn claim(ctx: Context<Claim>, data_bump: u8) -> Result<()> { // Claim logic here... } } Also, Read | How to Deploy a TRC-20 Token on the TRON BlockchainHow the Contract Works1. Initialisation FunctionDuring initialization, the Admin calls the initialise function to set up the vesting contract. This function takes a list of beneficiaries, the total amount of tokens to vest, and the token's decimals. Here's how it looks in the code:pub fn initialize(ctx: Context<Initialize>, beneficiaries: Vec<Beneficiary>, amount: u64, decimals: u8) -> Result<()> { let data_account = &mut ctx.accounts.data_account; data_account.beneficiaries = beneficiaries; data_account.token_amount = amount; data_account.decimals = decimals; // Transfer tokens from Admin to escrow wallet let transfer_instruction = Transfer { from: ctx.accounts.wallet_to_withdraw_from.to_account_info(), to: ctx.accounts.escrow_wallet.to_account_info(), authority: ctx.accounts.sender.to_account_info(), }; let cpi_ctx = CpiContext::new( ctx.accounts.token_program.to_account_info(), transfer_instruction, ); token::transfer(cpi_ctx, amount * u64::pow(10, decimals as u32))?; Ok(()) } Explanation:Parameters: The function takes a list of beneficiaries, the total token amount to be vested, and the decimals.Data Account: Initialises a data account to keep track of the beneficiaries and their allocations.Token Transfer: Transfers the specified amount of tokens from the Admin's wallet to the escrow wallet for distribution.You may also like | How to Create an ERC 721C Contract2. Release FunctionThe release function allows the Admin to specify what percentage of the total tokens is available for beneficiaries to claim. Here's the code:pub fn release(ctx: Context<Release>, percent: u8) -> Result<()> { let data_account = &mut ctx.accounts.data_account; data_account.percent_available = percent; // Set the available percentage Ok(()) }Explanation:Setting Percent Available: The Admin can call this function to set a percentage that beneficiaries can claim. For example, if percent is set to 20, beneficiaries can claim 20% of their allocated tokens.3. Claim FunctionBeneficiaries use the claim function to withdraw their available tokens. Here's how it works:pub fn claim(ctx: Context<Claim>, data_bump: u8) -> Result<()> { let data_account = &mut ctx.accounts.data_account; let beneficiaries = &data_account.beneficiaries; let (index, beneficiary) = beneficiaries.iter().enumerate().find(|(_, beneficiary)| beneficiary.key == *sender.to_account_info().key) .ok_or(VestingError::BeneficiaryNotFound)?; let amount_to_transfer = ((data_account.percent_available as f32 / 100.0) * beneficiary.allocated_tokens as f32) as u64; // Transfer tokens to beneficiary's wallet let transfer_instruction = Transfer { from: ctx.accounts.escrow_wallet.to_account_info(), to: beneficiary_ata.to_account_info(), authority: data_account.to_account_info(), }; let cpi_ctx = CpiContext::new_with_signer( token_program.to_account_info(), transfer_instruction, signer_seeds ); token::transfer(cpi_ctx, amount_to_transfer * u64::pow(10, data_account.decimals as u32))?; data_account.beneficiaries[index].claimed_tokens += amount_to_transfer; Ok(()) }Explanation:Finding Beneficiary: The function identifies the calling beneficiary from the list.Calculating Transfer Amount: It calculates how much the beneficiary can claim based on the percentage available.Token Transfer: Transfers the calculated amount from the escrow wallet to the beneficiary's associated token account.Also, Check | How to Create and Deploy an ERC404 token contractConclusionToken vesting is a powerful tool in the cryptocurrency ecosystem that promotes long-term commitment among participants. The Simple Token Vesting contract provides a straightforward implementation for managing vesting schedules on the Solana blockchain, allowing for flexible token distribution over time.With the ability to define beneficiaries, release tokens, and claim rewards, this contract exemplifies how token vesting can align the interests of a project's contributors with its long-term success. Whether you are a developer looking to implement a vesting mechanism or a project owner aiming to incentivize your team, understanding and utilizing token vesting is crucial in today's crypto landscape. Looking for assistance with a similar project, connect with our crypto/token developers to get started.

Technology: PYTHON , Web3.js more Category: Blockchain

Ashutosh Modanwal

29 Oct 2024

Everything About Crypto Intent Prediction Marketplaces The crypto market's high-end volatility presents a constant challenge for crypto users and businesses alike. Price fluctuations, shifting trends, and investor sentiment can result in costly mistakes or missed opportunities. Traditional trading tools often lack the real-time insights needed to stay competitive, exposing businesses to uncertainty.Enter the world ofcrypto intent prediction marketplaces.Theseplatforms harness vast amounts of digital data, apply machine learning, and deliver predictive insights on market trends and investor behavior. With the evolvingDeFi development services, these platforms allow businesses to navigate the crypto market confidently. They also enable informed decisions, proactive risk management, and profit maximization.This blog explores how crypto intent prediction marketplaces work, and the essential components that make them effective. It also explores how they provide transformative value to businesses in the crypto space.Explore |AI Crypto Trading Bots | Reshaping Crypto TradingWhat Are Crypto Intent Prediction Marketplaces?To understand intent prediction, let's first break down what we mean by “intent.” In simple terms, intent refers to what people plan or are likely to do. In the context of crypto markets, intent prediction involves using data to forecast what investors and traders might do next. It could depend on social media activity, such as a sudden spike in tweets about a particular coin or search engine queries indicating growing interest in a specific cryptocurrency. The idea is to gauge the market's mood before it translates into actual buying or selling.Definition: Acrypto intent prediction marketplace is a platform that helps businesses and traders anticipate future movements in the cryptocurrency market. It does this by gathering and analyzing data from various sources, like social media discussions, smart contracts blockchain transactions, search trends, and news articles. By using advanced algorithms, the marketplace interprets these data points to predict how investors might act, such as whether they are likely to buy or sell certain cryptocurrencies.This allows crypto users to get a sense of market sentiment and make smarter, more informed decisions about their trades. Essentially, it's a tool that gives you an early warning system for market trends, helping businesses minimize risk and take advantage of new opportunities in the fast-moving world of crypto.Understanding Crypto Intent SignalsCrypto intent signals play a crucial role in the functioning of crypto intent prediction marketplaces. These marketplaces gather and analyze digital clues left behind by internet users, such as social media mentions, search engine trends, transaction patterns, and news coverage, to predict future market movements.By interpreting these intent signals, the platforms can anticipate shifts in investor behavior. It helps traders and businesses make informed decisions before market actions like buying or selling occur. Essentially, crypto intent prediction marketplaces turn these signals into actionable insights, enabling users to stay ahead of market trends and minimize risks in the volatile crypto landscape.Crypto intent prediction marketplaces use data to forecast what investors and traders are likely to do next. They analyze crypto intent signals—digital clues left by online activity such as social media mentions, search engine trends, blockchain transactions, and media coverage. By understanding these crypto intent signals, businesses can anticipate market movements before they happen, empowering them to make smarter, data-driven decisions.Check it out |Exploring Crypto Arbitrage Trading Bot and DevelopmentBenefits of Crypto Intent Prediction MarketplacesIntent prediction marketplaces bring a game-changing advantage: the ability to forecast market trends. Unlike traditional analysis, which relies on past data, intent prediction looks ahead by analyzing what people are planning to do. This gives businesses a clearer sense of where the market is headed, much like having a GPS for crypto investments. Building a crypto intent prediction marketplace creates new opportunities for traders and crypto investors to leverage collective intelligence, make more informed decisions, and drive innovation in decentralized finance.Here's how crypto intent prediction marketplaces bring value to businesses, investors, and crypto users.Informed Decision-Making and Risk ManagementCrypto intent prediction platforms provide real-time, actionable insights that help businesses and their users make more informed decisions. By transforming raw data into market forecasts, businesses can share insights that allow users to identify opportunities early and adjust their strategies proactively. This helps businesses and their users manage risk more effectively.Example: A spike in mentions of Solana signals rising interest. By relaying this information to users, a business enables them to buy Solana before prices surge, reducing risk and maximizing returns.Real-Time Sentiment Analysis and Market AlignmentThese platforms track real-time sentiment through social media activity and other data sources, allowing businesses to offer their users insights that align with market trends. This gives users the ability to act quickly, putting them ahead of competitors relying on delayed data.Example: If a new DeFi project generates excitement, businesses can share this sentiment analysis with their users, helping them invest early to take advantage of the positive sentiment.Custom Alerts for Better Market TrackingWith intent prediction platforms, businesses can offer users customizable alerts for specific triggers, such as on-chain activity spikes or surges in social media mentions. These real-time notifications allow users to react quickly to emerging trends, without constant manual monitoring.Example: A business could enable users to set alerts for when mentions of "Ethereum staking" surpass a certain threshold, allowing them to make swift adjustments to their portfolios.Operational Efficiency and Time SavingsCrypto intent prediction platforms automate data collection and analysis, saving businesses and their users time. By offering users a centralized dashboard with predictive insights, businesses can streamline operations and focus on higher-level strategies, delivering more value to their clients.Example: Rather than manually tracking market signals, users can view aggregated data through a business's platform, enabling them to make faster, more informed trading decisions.Revenue Generation and ScalabilityIntent prediction marketplaces offer businesses several monetization opportunities, which they can pass on to their users. These platforms can generate revenue through subscriptions, premium features, or selling market insights. Additionally, as the business scales, these platforms can integrate new data sources and expand to cover more markets, offering users a more comprehensive toolset.Example: A company could offer premium access to real-time signals and advanced analytics, generating subscription revenue while expanding its platform to serve more users.Market Leadership and Competitive EdgeBusinesses using real-time predictive insights have a competitive advantage, which they can extend to their users. By providing insights that allow users to make faster, more informed decisions, companies can position themselves as leaders in the evolving crypto space.Example: While competitors react late to market shifts, businesses using intent prediction platforms can help their users adjust holdings early, ensuring better performance during periods of high volatility.Blockchain Transparency, Trust, and Privacy ProtectionBlockchain technology adds transparency to intent prediction platforms by creating immutable records of crypto predictions and transactions. This not only builds trust among users but also ensures privacy through cryptographic techniques, allowing businesses to protect their client's sensitive information.Example: Businesses can assure their users that the insights they provide are backed by secure, verifiable data that hasn't been tampered with.Liquidity Pools for Market StabilityLiquidity pools within these platforms ensure smoother trading operations. They provide the necessary capital for transactions, preventing sudden price swings and maintaining stability during market shifts. This benefits businesses and their users by ensuring more efficient trading.Example: During periods of high market volatility, liquidity pools ensure users can execute trades without destabilizing prices.Democratizing Market InfluenceCrypto intent prediction marketplaces allowbusinesses of all sizes to offer insights and influence market predictions. Whether it's a small firm or a larger enterprise, these platforms enable all participants to deliver high-quality data to their users, leveling the playing field and enhancing the data pool.Example: Startups can leverage intent prediction platforms to provide their users with insights that previously only larger firms could offer, creating a fairer and more competitive environment.Suggested Read |Twitter to Add Crypto Trading FeatureConclusionCrypto intent prediction marketplaces provide businesses with a powerful tool to navigate the unpredictable crypto market while offering immense value to their users. These platforms deliver real-time, data-driven insights that enhance decision-making, reduce risk, and improve operational efficiency. By adopting these tools, businesses can establish long-term strategies, generate new revenue streams, and position themselves as market leaders—all while empowering their clients to make smarter, faster trading decisions.As crypto markets grow in complexity, businesses that embracecrypto intent prediction marketplaces will not only secure a competitive edge but also help their users succeed in a rapidly evolving landscape.Our expert blockchain developers at Oodles Blockchain design innovative intent prediction platforms to help businesses thrive in the dynamic crypto market. Leverage predictive insights, reduce uncertainty, and boost profitability with our blockchain services. Connect with us now to enhance your business strategies!

Technology: PYTORCH , SMART CONTRACT more Category: Blockchain

Saumya Srivastava

23 Oct 2024

How to Write and Deploy Modular Smart Contracts Modular contracts enable highly configurable and upgradeable smart contract development, combining ease of use with security. They consist of two main components:Core Contracts: These form the foundation of the modular system, managing key functions, data storage, and logic. Core contracts include access control mechanisms and define interfaces for module interactions.Module Contracts: These add or remove functionalities to/from core contracts dynamically, allowing for flexibility. Modules can be reused across multiple core contracts, enabling upgrades without redeploying the core contract.How They Work: Modules provide additional functionality via callback and fallback functions that interact with core contracts. Fallback functions operate independently, while callback functions augment core contract logic, enhancing dApp functionality.You may also like | How to Create Play-to-Earn Gaming Smart ContractsSetup | Writing and Deploying Modular Smart ContractsInstall Forge from Foundry and add the modular contract framework:forge init forge install https://github.com/thirdweb-dev/modular-contracts.git forge remappings > remappings.txt ContractThe ERC20Core contract is a type of ERC20 token that combines features from both the ModularCore and the standard ERC20 contract. It names the token "Test Token" and uses "TEST" as its symbol, with the deployer being the owner of the contract. A significant feature is the required beforeMint callback, which allows certain actions to be taken before new tokens are created. The mint function lets users create tokens while ensuring the callback is executed first. The BeforeMintCallback interface makes it easier to add custom logic from other contracts. Overall, ERC20Core offers a flexible way to develop custom tokens while maintaining essential ERC20 functions.// SPDX-License-Identifier: UNLICENSED pragma solidity ^0.8.13; import {ModularCore} from "lib/modular-contracts/src/ModularCore.sol"; import {ERC20} from "lib/solady/src/tokens/ERC20.sol"; contract ERC20Core is ModularCore, ERC20 { constructor() { _setOwner(msg.sender); } function name() public view override returns (string memory) { return "Test Token"; } function symbol() public view override returns (string memory) { return "TEST"; } function getSupportedCallbackFunctions() public pure virtual override returns (SupportedCallbackFunction[] memory supportedCallbacks) { supportedCallbacks = new SupportedCallbackFunction[](1); supportedCallbacks[0] = SupportedCallbackFunction(BeforeMintCallback.beforeMint.selector, CallbackMode.REQUIRED); } function mint(address to, uint256 amount) external payable { _executeCallbackFunction( BeforeMintCallback.beforeMint.selector, abi.encodeCall(BeforeMintCallback.beforeMint, (to, amount)) ); _mint(to, amount); } } interface BeforeMintCallback { function beforeMint(address to, uint256 amount) external payable; } Also, Read | ERC 4337 : Account Abstraction for Ethereum Smart Contract WalletsThe PricedMint contract is a modular extension designed for token minting, leveraging Ownable for ownership management and ModularExtension for added functionality. It uses the PricedMintStorage module to maintain a structured storage system for the token price. The owner can set the minting price through the setPricePerUnit method. Before minting, the beforeMint function verifies that the provided ether matches the expected price based on the token quantity. If correct, the ether is transferred to the contract owner. The getExtensionConfig function defines the contract's callback and fallback functions, facilitating integration with other modular components.// SPDX-License-Identifier: UNLICENSED pragma solidity ^0.8.13; import {ModularExtension} from "lib/modular-contracts/src/ModularExtension.sol"; import {Ownable} from "lib/solady/src/auth/Ownable.sol"; library PricedMintStorage { bytes32 public constant PRICED_MINT_STORAGE_POSITION = keccak256(abi.encode(uint256(keccak256("priced.mint")) - 1)) & ~bytes32(uint256(0xff)); struct Data { uint256 pricePerUnit; } function data() internal pure returns (Data storage data_) { bytes32 position = PRICED_MINT_STORAGE_POSITION; assembly { data_.slot := position } } } contract PricedMint is Ownable, ModularExtension { function setPricePerUnit(uint256 price) external onlyOwner { PricedMintStorage.data().pricePerUnit = price; } function beforeMint(address to, uint256 amount) external payable { uint256 pricePerUnit = PricedMintStorage.data().pricePerUnit; uint256 expectedPrice = (amount * pricePerUnit) / 1e18; require(msg.value == expectedPrice, "PricedMint: invalid price sent"); (bool success,) = owner().call{value: msg.value}(""); require(success, "ERC20Core: failed to send value"); } function getExtensionConfig() external pure virtual override returns (ExtensionConfig memory config) { config.callbackFunctions = new CallbackFunction ; config.callbackFunctions[0] = CallbackFunction(this.beforeMint.selector); config.fallbackFunctions = new FallbackFunction ; config.fallbackFunctions[0] = FallbackFunction(this.setPricePerUnit.selector, 0); } } DeployTo deploy the Modular Contract, first get your API Key from the Thirdweb Dashboard. Then run npx thirdweb publish -k "THIRDWEB_API_KEY", replacing "THIRDWEB_API_KEY" with your key. Select "CounterModule," scroll down, click "Next," choose the "Sepolia" network, and click "Publish Contract."For the Core Contract, run npx thirdweb deploy -k "THIRDWEB_API_KEY" in your terminal, replacing "THIRDWEB_API_KEY" with your key. Select "CounterCore," enter the contract owner's address, and click "Deploy Now." Choose the "Sepolia" chain and click "Deploy Now" again to start the deployment.Also, Explore | How to Create a Smart Contract for Lottery SystemConclusionModular contracts represent a design approach in smart contract development that prioritizes flexibility, reusability, and separation of concerns. By breaking down complex functionalities into smaller, interchangeable modules, developers can create more maintainable code and implement updates more easily without losing existing state. Commonly utilized in token standards and decentralized finance (DeFi), modular contracts enhance the creation of decentralized applications (dApps) and promote interoperability, thereby fostering innovation within the blockchain ecosystem. If you are looking for enterprise-grade smart contract development services, connect with our skilled Solidity developers to get started.

Technology: MEAN , PYTHON more Category: Blockchain

Mudit Singh

03 Oct 2024

Understanding Decentralized Oracle Network Development with Chainlink Blockchains, while secure, cannot access real-world data on their own. This limitation creates challenges for blockchain development (dApps) that require external information, like price feeds or weather data. Chainlink, a leading decentralized oracle network (DON), solves this problem by securely connecting smart contracts to off-chain data sources.You may also like | Oracle Development Using Ethereum Smart ContractsHow Chainlink WorksChainlink uses a decentralized network of independent nodes, known as oracles, to fetch, verify, and deliver external data to smart contracts. These oracles bridge the gap between blockchain and real-world information, ensuring data accuracy and preventing tampering. Chainlink's decentralized structure avoids single points of failure, making the system more reliable.Also, check | Blockchain Oracles | Making Smart Contracts Talk to the WorldArchitecture of Chainlink's Decentralized Oracle Network +-----------------------------+ | Decentralized Oracle | | Network (DON) | +-----------------------------+ | +-------------+-------------+ +------------v----------+ +------------v----------+ | Oracle Node 1 | | Oracle Node 2 | | - Fetches data | | - Fetches data | +------------------------+ +------------------------+ | | +------------+----------+ +------------+----------+ | Aggregation Contract | | Aggregation Contract | +------------------------+ +------------------------+ | | +----------v---------+ +------------v--------+ | Smart Contract | | Smart Contract | +---------------------+ +---------------------+ Steps to Build with ChainlinkSmart Contract Development: Create a smart contract specifying the conditions for data requests. Chainlink libraries enable smart contracts to communicate with external oracles.Chainlink Node Setup: Set up oracles to retrieve data from trusted sources like APIs. Multiple nodes ensure decentralization and data accuracy.Requesting Data: Smart contracts send data requests, which Chainlink nodes process by retrieving the required information from external sources.Data Aggregation: The aggregation contract collects and verifies data from different nodes, ensuring accuracy before delivering it to the smart contract.Also, Read | A Comprehensive Guide to Blockchain OracleConclusionChainlink empowers blockchain developers to securely integrate off-chain data into their dApps. Its decentralized oracle network is crucial for industries like DeFi, insurance, and gaming, making Chainlink a vital component for creating trust-minimized, real-world applications. If you are looking to build a decentralized Oracle network with Chainlink to empower your project, connect with our skilled smart contract developers to get started.

Technology: MEAN , PYTHON more Category: Blockchain

Jagveer Singh

02 Oct 2024

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