Topics In Demand
Notification
New

No notification found.

Learn How to Create Smart Contracts on Ethereum with Solidity
Learn How to Create Smart Contracts on Ethereum with Solidity

July 17, 2025

9

0

 

Introduction

In the fast moving world of digital environment, automation, transparency and trust there are no longer advantages on business expectations. Blockchain technology comes in especially regarding smart contract development in ethereum with solidity.

Smart Contracts also evolved to become decentralized applications (dApps) by self executing digital agreements without any intermediaries. The foundations of Ethereum smart contracts are explained, solidity is introduced, and decentralized solutions are constructed.

Understanding Smart Contracts

A smart contract is a kind of digital agreement that automatically processes a transaction against the fulfillment of stipulated conditions. With the launch of Blockchain 2.0, these contracts grew to be critical constituents of blockchain technology.

These contracts are executed on environments like the Ethereum Virtual Machine and are Turing-complete in nature, and that is to state that their capabilities may comprise complex computations and logic. Given that smart contracts are run on the blockchain, therefore, decentralized since no central authority dictates their operations.

 

What is Solidity? An Overview

Solidity is a programming language that is used to create Ethereum network smart contracts. Solidity was designed as a way to facilitate developers writing code that can be executed on the Ethereum Virtual Machine (EVM), which supports decentralized applications and contracts running on the Ethereum blockchain.

The syntax of Solidity draws from JavaScript, Python, and C++, keeping it fairly familiar to developers coming from these languages. However, its application domain brings in several new concepts like gas fees, security vulnerabilities, and contract immutability on deployment-the very power and complexity in the hands of developers.

Why is Solidity Popular for Smart Contracts?

The choice of solidity in smart contract development is more popular, due to simplicity, developer-friendly syntax and ecosystem support. Below are the detailed look on why it is popular:

Ethereum Compatibility

Ethereum Compatibility was first designed for the Ethereum Virtual Machine (EVM) which supports programmable smart contracts. With other blockchains, it can carry out smart contracts.

Robust Developer Ecosystem

It provides the popularity and success to smart contracts because necessary tools, resources and community support the developers to test, build and deploy smart contracts.

Rich Ecosystem

The Ethereum environment makes it possible for smart contract creation to be successful and widely adopted. Developers can easily integrate with these services by accelerating the innovation and adoption for solidity.

Security and Immutability

Due to the ability to create systems that are both transparent and untrustworthy. It ensures the deployment of smart contracts by immutability and enhanced security, which reduces risks and automates contract execution.

Cost-Effectiveness

By automating the need for human creativity, smart contracts lower cost effectiveness. Efficient gas optimization develops the cost effective blockchain solutions for various industries

Versatility

Its ability to adjust to a variety of applications makes it versatile. Solidity supports different use cases like DeFi, NFTs, gaming and supply chain automation.

Create Smart Contracts on Ethereum with Solidity

To create a smart contract on Ethereum with solidity you have to set up a development process. Below are the steps to be followed:

Setting up the Development Process

First we have to develop the Node.js and npm for the essential smart contract, then generate the code editor which is essential for writing and managing your smart contracts. Install the truffle framework and set up metamask for testing.

Writing Smart Contract Code in Solidity

Next we have to write the smart contract code in solidity by selecting the file under the basics of solidity. Write a simple smart contract development by explaining the structure and function of the blockchain technology.

Compile and Test the Smart Contract

To compile we have to use a solidity compiler, which is one of the built-in tasks. Then test the smart contract using Hardhat or Remix IDE, along with frame work.

Deploy the Smart Contract

By deploying the smart contract we have to understand the various networks for different purposes. We have different networks such as Mainnet, Testnet and Local network as the different ways to deploy the smart contract.

Interact with Your Contract

At last we have to interact with the smart contract by blockchain development by reading the data then executing the functions by paying for transactions or calls for handling the events for any other updates.

Use Cases for Smart Contract Development

Use cases for smart contracts in blockchain development are more numerous. But below are the main use cases used in solidity for ethereum:

  • Supply Chain management: They are revolutionizing by enabling greater transparency, efficiency and security.
  • Music Industry: Which streamlines royal payments, enhances transparency and provides artists for more control over work.
  • Property ownership: Retailers can create smart contracts to speed up payments.
  • Digital identity: It is most important for users to store components in smart contracts.
  • Retail: Improves efficiency and accuracy, enables fast payments to contractors.
  • Insurance Sector: Plays an important role automating policies and services.
  • Votings in elections: Electronic systems have replaced paper-based systems.

Final Thoughts

Smart contract development is causing revolutionary changes in how businesses operate by securing, rendering transparent, and automating some services of various industries. Finance, healthcare, and supply chain smart contracts minimize manual intervention and cut out intermediaries, thereby adding efficiency. 

As the blockchain adoption rises, learning how to develop smart contracts, particularly on Ethereum and through Solidity, would become one of the must-have skills for entrepreneurs and developers intent on innovating and thriving in the digital economy.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


images
abi john
Digital Marketing Intern

I'm Abijohn, working at BlockchainX, where I help drive innovation in blockchain and Web3 solutions. I specialize in supporting crypto projects with strategic insights, content, and digital growth.

© Copyright nasscom. All Rights Reserved.