How to Create a Basic Smart Contract with Ethereum?

According to Financial statistics, the total number of smart contracts deployed in Ethereum is 2.6 million in June 2021. No one can control the flow of smart contracts instead of self-executing the codes on Ethereum blockchain technology.

Can I Create my Smart Contracts?

smart contracts can be developed in various programming languages including Solidity, Rust, Vyper and Yul. Anyone who knows how to code and deploy in any of the mentioned smart contract languages. Make sure you have enough ETH to deploy the smart contracts.

How to Create a Basic Smart Contract with Ethereum?

Now, we will create basic smart contracts, other blockchain smart contracts exist as well. Solana, Polkadot and BNB chain are a few. However, Ethereum is the most popular smart contract platform.

Down the step-by-step instructions on how to create and deploy smart contracts on Ethereum.

Step 1: Connect with the Ethereum Mainnet.

For connecting to the Ethereum network you have to download and install the MetaMask wallet on your browser. Once you downloaded it, install and execute it before proceeding to connect with the network.3

Step 2: Select the Network to Test

On your screen, you will see a list of the available networks for the test in MetaMask Wallet. Choose your favourite network to test the smart contract. Here’s the List of networks:

• Kovan Test network
• General Test network
• Rinkeby Test network
• Robsten Test network

Step 3: Deposit Testnet ETH Fund

Make sure that you have enough funds available in your MetaMask wallet. For this add Testnet ETH to your wallet. Now click on the” Deposit ” and “Get Ether” buttons and follow the instructions on the screen.

Step 4: Write your Smart Contract with IDE

To write smart contracts, A popular IDE called “Remix Browser IDE” is utilized.

There are some other ideas available but we recommend using Remix browser IDE for basic smart Contracts with its cool traits.

Step 5: Create a .sol Extension File

Now open the Remix browser IDE and click the add icon (+) to create a .sol file. We are creating a .sol file to be compatible with the Solidity programming language.

Step 6: Compile the Smart contract Code

Let’s select the compiler version in the Remix browser and compile the smart contract code.

Step 7: Deployment of Smart Contract

Now, it’s time for deployment. To deploy the smart contract on your assigned Ethereum test network, Hit the deploy button on the remix browser IDE. Wait for the transaction to complete then you will notice the address of the smart contract functional on the right side.

Step:8 Smart Contract will be Live

Congratulations, a smart contract is live on the blockchain. We recommend testing and auditing before going to live. Once everything is done, the Smart contract is qualified to meet the demand. Finally, we have glimpsed the smart contract deployed to the Ethereum Network.

Bottom Line:

To deploy the smart contract on your preferred test network, you have to pay gas like you’re paying for an ETH transaction. More complexity of Smart contracts means that it is more costly to operate that smart contract on the available blockchain.