You probably have heard of smart contracts by now. They are supposed to be one of the hallmarks of blockchain technology. Smart Contracts are a game changer in the world of business. Envision what it would mean if you could create a contract between two parties and then have it automatically executed when the terms of the contract are met? The possibilities are endless, and the applications of this modern technology can be applied to a variety of industries.
Building a blockchain-based application is hard. You need to have programming knowledge and a deep understanding of how crypto works, like which consensus mechanism to choose, what kind of architecture works best for you, and more. In this article we will discuss how you can create a smart contract without writing a single line of code.
What is a smart contract?
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.
As crypto adoption grows, so too does interest in smart contracts. That’s because smart contracts offer a number of advantages to businesses, including transparency and decentralization. If you’re looking for a way to streamline your business operations and reduce costs, then smart contracts may be the answer you’re looking for.
How are smart contracts usually created?
There is no one-size-fits-all answer to this question, as the process of creating a smart contract will vary depending on the specific needs of the project. However, there are some general steps that are often followed in order to create a smart contract.
One way to create a smart contract is to use a specialized programming language like Solidity. This language allows you to write code that will execute on Ethereum-based blockchains like BSC, ETH, Polygon etc.
Another way is to create a smart contract using Rust. This is used for contracts based on the Solana blockchain.
Of course these are only some of the various ways that can be used to create a contract. We will explore a way that is rising in popularity in the next section.
How can you create a smart contract without any code?
This question is what led you here in the first place. Since blockchain and smart contracts can be very confusing or difficult to understand, how can someone create a smart contract from scratch, without any programming knowledge?
Cutting edge technology can help with that, since nowadays you are able to create a smart contract without code. By using the right tools, you can create a contract to your liking and get your project up and running in a matter of seconds.
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Platforms that you can use
There are various popular platforms that you can use to create (mint) a smart contract without any code knowledge whatsoever. Some popular platforms are Coinscope and most popular launchpads like Pinksale, Unicrypt, DxSale etc.
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Requirements
There are no specific requirements needed for creating your smart contract, apart for the fee that each platform charges for using their contract creation tool.
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Procedure
Depending on the platform, the requirements for a smart contract creation are straightforward.
- First you need to decide the type of contract you want to generate.
- Then you input the name, symbol, number of decimals and total supply that you want the token to have.
- After that, you pay the designated fee and the voila! You have your very own smart contract!
Why would you create a no-code smart contract?
Having little or no programming skills makes it extremely difficult to create a fully functioning smart contract. If you account for the changes that will need to happen along the way to make it as efficient and secure as possible, it can be an actual nightmare.
Creating a no-code contract via a trusted platform, means that you will skip all the hustle and stress of having to create your own code and make sure it runs properly. Apart from that, creating a contract in this way is a much quicker process than doing this on your own. This is why so many companies or experienced devs use no-code smart contracts for projects that are time sensitive or when a big bulk of working contracts are required.
How To Secure Your No-code Smart Contract
Creating your own smart contract is only the first step when it comes to crypto. Sure, you’ve done it via a trusted platform that many people use but that doesn’t necessarily make it safe (for you or anyone else). There have been cases of platforms that used hidden functions within the code to add backdoors and malicious blocks of code to the contracts that were minted by them.
Having an audit is the best way to make sure that your smart contract is not only functioning properly but is also safe to use for its owner and everyone else. This can be handled by any experienced cybersecurity company, like Cyberscope, Certik, Hacken, etc.
That way, you have both a smart contract but also a detailed report that verifies that the contract is safe to use.
Summary
Due to the way it works, creating a smart contract without any code has become a staple in recent times as it cuts back long hours of coding and debugging and makes it possible for people without any knowledge to delve into the world of smart contracts.
While using a popular platform is the best way to proceed with it, you should always consider getting an audit as it will give you peace of mind that your contract works as intended and is as secure as it should be.
