Smart Contracts are Important

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Preamble

Analyzing the contribution that web technologies have made to our lives, it should be noted that they continue to be in constant development. The number of companies that transfer the functioning of their processes under the management of smart contracts is rapidly growing, increasing the number of decentralized applications as well as using web 3 technologies and tools in their activities. Such activities, of course, require the availability of appropriate infrastructure, professionalism, knowledge and experience of specialists and often considerable financial investments. Some companies cope with such challenges on their own, but many companies, in order to solve their problems, need advice and support from professionals who can not only fully manage any project, but also pass on their knowledge to neophytes. An example is the Dysnix company, whose employees can not only help, but also directly participate in various areas of activity of a variety of companies. These areas may include the design and implementation of new products, building development life cycle processes, innovative proposals and much more.

About Solidity and more

We mentioned earlier that there is a growing number of companies in the world that are transferring the functioning of their processes under the control of smart contracts. For most people, the mention of smart contracts is primarily associated with Ethereum. And this is logical, because it was in the Ethereum blockchain that the first acceptable smart contracts appeared. And it were the Ethereum smart contracts have acquired a certain status as a universal tool, since the ability to develop smart contracts on the Ethereum blockchain means the ability to develop them for any blockchain based on this ecosystem. The Solidity programming language is used to write Ethereum smart contracts. It is a constantly evolving language that has become more powerful than it was in the beginning. However, despite its versatility and relevance, Solidity is not suitable for many newly created blockchains. For example, a blockchain such as TON, which initially used the Solidity language for smart contracts, has now abandoned it. Instead of Solidity, the FunC and Fift programming languages became the official languages for writing smart contracts of the TON blockchain. Unlike Solidity, these programming languages are only at the beginning of their development, however, it is likely that they will not get lost in the digital world and will only improve.

The importance of smart contract analysis

When working with blockchain, any user, even if he is not a professional, needs to understand what a smart contract is, what its functions are, where it is located and how to read it. Despite the fact that there are audits that also need to be read, knowing where a particular smart contract is located, how it works, etc. can protect the user from scams. It is possible to see a smart contract knowing its address. If we are talking about the Ethereum network or any network based on Ethereum, then you can view the smart contract using the block-explorer, where you enter the address of the desired smart contract.

For example, we want to see the smart contract of some needed token. To see it, we must first go to the coin market application and select linking the token to the blockchain network, for example, Ethereum. After the smart contract address has been copied, you need to paste it into the Etherscan search bar. As a result of the search, a page with all transactions for this token will be available. By selecting the “contract” tab, you can get complete information about the smart contract, in particular, its version and all its source code. You can also see all its functions and their variables in Jason format, as well as the byte code of the contract. It is necessary to clarify that such a request can be made not only through Etherscan, but also through a web 3 wallet, if, for example, you need to look at the balance of a user or find out who the owner of this contract is. We remind you that all these functions are performed absolutely free of charge. Also in another tab there are functions that allow you to make changes to the smart contract. Some of these features are available to all registered users, while others are available only to administrators. In addition, there are both functions common to all smart contracts, and individual functions that are inherent only in some of them.

As you can see, we can easily find and analyze any smart contract. However, there is one very important nuance – the contract must be published. If it is not published, then all the positions listed above will not be available for analysis. The obvious conclusion is that if a blockchain user wants to protect himself from any fraudulent or illegal activities, he must study the functions of smart contracts of this blockchain, which is only possible when they are published.

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