Smart contract development is the process of writing, testing, and deploying self-executing agreements with the terms of the agreement directly written into lines of code. These contracts run on a blockchain network, meaning they are decentralized, immutable, and transparent.
Key Steps in Smart Contract Development
Requirement Analysis and Design: Defining the contract's purpose, logic, and the conditions under which it will execute. This includes deciding which blockchain platform (like Ethereum, Solana, etc.) to use.
Coding (Implementation): Writing the contract logic in a suitable programming language, such as Solidity (for Ethereum), Rust, or Vyper.
Testing and Auditing: Rigorous testing on a local or test network (testnet) to ensure the code works as intended and is secure against vulnerabilities. Security audits are crucial due to the immutable nature of deployed code.
