What are the Steps for Creating and Deploying a Smart Contract on Solana?
Solana was introduced in the market with the vision of eliminating the problem of scalability. It was brought up in the market in the year 2017. Solana has the power to process 710,000 transactions per second if the transaction does not exceed 176 bytes in the standard gigabyte network. The platform is growing as the fastest-growing ecosystem compatible with global adoption.
The platform is designed in order to support the growth and frequency-oriented decentralized applications. It is crucial for you to set up a permissionless financial system. Solana blockchain development is considered to be the world's fastest blockchain network having more than 400 projects of Defi, NFTs, Web3, and so on.
Let's have a look at the definition of Solana.
What is Solana?
Solana is a decentralized blockchain ecosystem designed to avoid the multiple problems related to blockchain transactions. The blockchain is focused on improving scalabilities like higher transactions per second and fast confirmation time.
It is an open-source project that consists of revolutionary technologies from Netscape, Intel, Google, and Qualcomm to support Solana in maintaining its high-performing standards. Let’s have a look at the architecture of the Solana Smart contract.
What is the architecture of the Solana smart contract?
The smart contract model of Solana differs from the traditional EVM-enabled blockchain network. The traditional EVM-based contract integrates logic and state into a single contract which is deployed on the chain. Moreover, a smart contract on Solana remains in the read-only or stateless mode and contains the program logically only.
The logical separation of state and contract logic happens, which is a significant difference between traditional EVM-enabled and Solana smart contracts. Your account on Solana stores the data in contrast to Ethereum accounts which are just references for users’ wallets.
In this diagram, the program on the right side represents the development workflow which allows the users to create and deploy custom Rust, C, and C++ programs on the Solana blockchain. Let’s have a look at how to build a smart contract on Solana.
How to build a Smart Contract on Solana?
You can easily create and deploy a Solana smart contract called the “hello world”. The program is written in Rust programming language which prints output to the console. Before starting the development, the first step is to set up a Solana environment on windows to make the work easier.
Set Up A Solana Development Environment: Running the code of a smart contract directly from windows is confusing for many people. So, It's recommended to set up a Ubuntu version of WSL so that you can write the code in Windows and then compile the rust smart contract into a .so file.
Create Solana Smart Construct in Rust Programming Language: First, you need to install the following to deploy the smart contract:
NodJS v14 and NPM
Solana CLI v1.7.11
Git
Latest stable rust build
Helloworld is a smart contract that prints output to the console. Moreover, it also counts the exact number of times the HelloWorld program has been given for the account.
The first section of the code specifies some standard parameters for the Solana program and determines the entry point for the program. Use the following code to set up the program.
Next, the process_instruction function takes the program_id, a public key that the program is being deployed, and the accountInfo, which the account used to say hello.
The ProgramsResult keeps the main logic of the code. The ProgramResult prints a message and chooses the desired account from the ‘accounts’.
After that, the program calculates if it can modify the data of a particular account.
Finally, the function takes the existing account’s stored number, raises the value by 1 and writes back the result, and displays the message.
Deploy the Smart Contract: The first step is to clone the repository.
After that, you can set the current environment to Devnet and the test network for Solana developers to write the smart contract.
Now you need to create a new key pair.
Now you can use the airdrop program and obtain the required SOL token and use the command to build it.
After the program is built, deploy the Devnet. Now you get the precious common’s output and you get the commando to run the program.
After the demonstration, you can start a smart contract on Solana, here is a glimpse of the dApp development process.
Finalizing the scope ad collecting criteria
Create a suitable UI design for decentralized app
Writing the smart contract for decentralized app
Smart contract auditing
Developing necessary features
The back-end and front-end integration of smart contracts
Testing the development application
Mainnet deployment for the DApps
Summary
With industries continuously adopting the blockchain network and decentralized technology, the use of decentralized apps continues to grow. Solana is the high-speed, low-cost, and scalable ecosystem for the development of fast and scalable smart contracts and decentralized applications.
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