In order to facilitate the creation of decentralized applications (dApps) that are both scalable and user-friendly, the team behind Solana created a high-performance public blockchain. It was suggested by Anatoly Yakavenko that a new blockchain, similar to Ethereum’s, should be introduced to the world via the Solana project. In contrast, Solana’s ability to provide speedier transaction times and reduced transaction costs makes it stand out.
The decentralization and security of this blockchain are enhanced by employing “proof-of-stake” and “proof-of-history” techniques to reach consensus. Solana’s unique ecosystem is being tapped by developers all over the globe to create their own dApps. As a result, the need for smart contract development is increasing. In this article, we’ll go through the step-by-step process for creating and deploying smart contracts on Solana.
What are the benefits of working with Solana to create your smart contract?
Because it differs from other EVM-enabled blockchains in its concept, Solana is an appropriate platform for smart contracts. For Solana, smart contracts should be kept in read-only mode rather than being combined into a single contract and deployed on-chain. Thereafter, external accounts may access and control interaction-related data stored in the smart contracts that have been deployed.
There are already more than 4,000 projects in Solana’s ecosystem that cover a wide range of technologies. In order to assure their project’s resilience and security, enterprises want to take use of Solana’s unique decentralized technology and the scaling advantages. A variety of dApps and project-specific dApps are supported by Solana, which helps govern various dApps.
How can you create a Solana smart contract?
Smart contract creation and deployment on the Solana blockchain is explained in this section. We must first set up the Solana environment before we can begin developing.
Initiating the Solana development process
It might be difficult to figure out how to use the smart contract on Windows. Set up an Ubuntu version of the Windows subsystem for Linux, as a result (WSL). When you’re done coding in Windows, you can then compile the smart contract into an executable that can be run on any Linux or Windows machine. Solana development environment may be set up as follows.
- Start the Solana environment by executing the appropriate command.
- Verify the command’s reliability by performing tests on it
After successfully setting up the programming environment, let’s begin developing the smart contract for Solana-based blockchain.
Using Rust, create a Solana smart contract!
To use the Rust programming language to create a project-specific smart contract. That necessitates the following. Prerequisites:
- NodJS v14 or better with NPM
- Solana CLI, and
- the most recent stable version of Rust are all required.
It is time to put the smart contract into action
Deploying a smart contract on the testnet is an excellent way to verify that the code and functionality are functioning as planned. Switch to the Devnet after testing is complete and continue with deployment. Solana Devnet will be able to receive the smart contract along with an allocated program id.
A growing number of sectors are turning to blockchain technology to help them automate their business operations, and Solana is one such such ecosystem. As a result of the enormous interest, Solana has decided to provide the developer community with a comprehensive set of learning materials, tools, SDKs, and technical documentation to aid in the creation of Solana smart contract development experiences.