4 factors contribute to practical blockchain development

The conversation about cryptocurrencies and how people are becoming millionaires is becoming increasingly popular in mainstream media. According to popular belief, cryptocurrencies will not only make banks obsolete but also ensure the security and anonymity of financial transactions. But this is just the surface. One application of an underlying technology called the blockchain is in cryptocurrencies. Below is four factors that contribute to practical blockchain development.

1. The Etherium blockchain

You are advised to begin with the Ethereum blockchain as it is very well known and is the foundation for other promising blockchains like the Tron blockchain as well as the Binance smart chain. Similar technology is used.

It would imply a large amount of technical support from the developer team and the user community on social media platforms for a well-known blockchain like the Ethereum blockchain. It would help if you comprehended some of the Ethereum blockchain’s crucial and fundamental concepts to use it.

2. Web development

Most newcomers make the mistake of diving right into smart contracts without a technical background in web development. Because blockchain technologies are built on top of web technologies, you must first understand the fundamental concepts before diving into blockchain development.

There are two parts to web development:

• Front-end

The user interacts with our application through the front end. The three languages used are HTML for the page’s structure, CSS for styling, and JavaScript for connecting to the blockchain and displaying data to the user.

If you’re patient enough to construct everything from scratch, you can create a dynamic user interface much more quickly by learning a framework. It would help if you knew “react,” a JavaScript-based framework, for a suitable framework.

• Back-end

Learning Node.js, JavaScript on the server side, is beneficial for the back end. Node.js is a good choice because of the NPM package manager. You can use it to install blockchain development tools and dependencies.

3. Smart contract development

We now arrive at the fad word (smart contract). A smart contract is a program, to put it simply that runs on top of the blockchain and consists of a set of guidelines accepted by all parties.

If these conditions are satisfied after execution, the smart contract executes itself to produce an output. The program facilitates, validates, and enforces the terms of an underlying agreement to enable decentralized automation. A smart contract’s self-executing feature is what gives it its significant value.

Smart contracts allow you to exchange anything of value while eliminating the middleman, resulting in a fair deal. In the physical world, you would need a lawyer to obtain and notarize the land transfer documents, which you would have to pay first.

You may also make small payments to local governments before completing the process. However, with a smart contract, you would only pay for the land and nothing else. In turn, the owner will transfer ownership to you by changing the name on the land title to reflect your new status. The transfer of ownership is recorded in a public ledger, eliminating the need for a middleman such as a lawyer.

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4. Front-end development

Your smart contract has now been successfully deployed on the blockchain. The only way to interact with it is through the command line. Even those with a technical background shiver when they see the command line. You wouldn’t want that for your customers, would you? It would help if you designed a user-friendly user interface for the front end.

You create a DAPP in the front-end interface (Decentralized application). The DAPP can be a mobile or web app, but it is most often a web app. The web app is typically composed of HTML, CSS, and JavaScript, just like any other web app. This emphasizes the importance of understanding web development before diving into blockchain app development.

Conclusion

That’s it for the four factors that contribute to practical blockchain development. Contact SmartOSC if you have any questions about blockchain development services.