Best of Smart Contracts — July 2024

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   Coins Bench·2y

   Smart Contracts: Discover the future of business automation!

   Smart contracts are software codes stored on the blockchain that automatically fulfill the terms of an agreement when executed. They enhance the security, transparency, and reliability of transactions by eliminating intermediaries and reducing fraud risks. Smart contracts reduce documentation costs, expedite transactions, and increase trust between parties. They are the basis for innovative solutions like DAOs and blockchain-based financial services.

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   Article

   Coins Bench·2y

   How to Learn Blockchain Development: A Step-by-Step Guide

   Learn how to effectively master blockchain development through a strategic, project-oriented approach. This guide outlines six essential steps: defining clear project goals, breaking down projects into manageable components, gathering relevant information, conducting thorough research, iterative learning of each component, and teaching what you've learned. These steps will help streamline your learning process and build robust blockchain solutions like an NFT marketplace or a decentralized application.

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   Article

   Coins Bench·2y

   Insecure Randomness in Smart Contracts

   Smart contracts on blockchain cannot achieve true randomness due to the deterministic nature of blockchains, pushing developers to use pseudo-random number generators (PRNGs). Methods relying on block properties or blockhashes are susceptible to miner tampering and predictability. External solutions like Chainlink VRF and onchain VRFs like Harmony VRF offer more secure random number generation but come with additional costs. The Signidice algorithm and the commit-reveal approach provide additional methodologies, each with their own sets of advantages and limitations. The choice of method depends on the specific requirements and incentives of the contract.

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   Article

   Coins Bench·2y

   Speed Up Your Smart Contract Development in VSCode

   Struggling to remember import paths and boilerplate code when developing Solidity smart contracts? A new Solidity Snippets Extension for VSCode can help. It provides reusable pieces of code for imports and boilerplate from popular smart contract libraries like OpenZeppelin and Chainlink, significantly speeding up development by eliminating repetitive tasks. Contributions to the extension are welcome.

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