Prediction markets are a special kind of betting platforms that can be used for multiple purposes ranging from insuring a crop from bad weather to predicting the outcome of an event based on the wisdom of the crowd. Among other popular uses of prediction markets are hedging an investment, shorting the market, creating a futures […]
Introduction Prior to the Bitcoin blockchain of “Satoshi Nakamoto”, distributed ledger systems were lacking two important properties which are essential for a decentralized digital cash system. The first property which existing distributed ledger systems were missing, was the ability to scale to a network of millions of users. And secondly, systems at the time were […]
In my last article, I’ve shown you how to make a Solidity ERC20 Token for the RSK Mainnet, how to import and use OpenZeppelin libraries and contracts, and how to use Truffle to deploy and interact with our contract.
Although we succeeded in our quest and accomplished our objectives using Truffle, eventually this suite might present failures when you are sending transactions, deploying or managing accounts. In our case, while following the previous article instructions, I’ve had problems managing newly created accounts in Truffle and sending transactions.
In the last article, we have seen how to build an RSK node in our computer, select the proper network for development, configure Truffle to connect and deploy our future contracts, add accounts to our node and obtain funds to use them to pay the gas.
You should have now your node in the selected network fully synced, and at least one account with funds configured in the truffle and RSK node config files for our deployments.
In this article, we’ll be discussing deployment and interaction of Smart-Contracts over the RSK network. Our contract will be an ERC20 Token, based on the OpenZeppelin libraries, and we will deploy it directly into the Mainnet.
These last years there has been growth in Smart Contracts development, predominantly in the Ethereum blockchain. Ethereum, being a different type of blockchain than Bitcoin, can execute concise lines of code inside its chain, a job that Bitcoin (specifically designed to send transactions easily) can’t do. Here is where RSK intervenes building a sidechain tied up to Bitcoin through a 2-Way Peg system, managed by the Federation Partners, that makes code execution possible. Instead of designing a new programming language for developing Smart-Contracts, they used Solidity, the same language that Ethereum uses. This has two benefits: not only programmers won’t have to learn a new skill but also contracts in the Ethereum network could be deployed in RSK without much effort, taking advantage of the vast market capitalization Bitcoin has.
We are compiling a list of recent developments in the sector of blockchain technology. Our focus is mostly on projects which promise scalability, but includes also proposals which aim to overcome some deficiencies in Bitcoin´s PoW based blockchain, e.g. which aim to improve fairness, usefulness, or privacy. You can find the current state of our work […]
Overview Our smart contract audit team found that Short Address Attack mitigations can cause several problems with smart contracts. A Short Address Attack is when a contract receives less data than it was expecting, and Solidity fills the missing bytes with zeros. The deployed smart contract cannot prevent this and will interpret those extra zeros as […]
We describe a geth source code change which enables faster block mining. We hope this option will be included in Ethereum command lines. Private Ethereum blockchains may be deployed by private entities to use in production or in the software development process. There are different ways of speeding the development environment. Some developers choose an […]
In the blockchain development industry lot of new technologies had arisen in the latest months. Unfortunately, most of the new platforms are not ready to use in production or directly they were built only to develop Demos. Our developers in Coinfabrik have been struggling to use them in the real world. Our customer asked to use Hyperledger but our initial […]
The challenge of modern cryptography is to find efficient but secure encryption schemes. The Elliptic Curve Integrated Encryption Scheme (ECIES) is a widely used encryption scheme which is specified in many standards. It is used for example in Ethereum’s Whisper. While Bitcoin Core does not implement ECIES, it can be employed to send secure messages […]
Elliptic curve cryptography is becoming more and more popular. One of its main supporters is the cryptocurrency system Bitcoin which uses an elliptic curve scheme for their digital signatures. Smaller key size, a more efficient implementation than the RSA system, and a similar level of security make elliptic curve cryptography an interesting alternative to RSA. […]