How To Create Your Own App And Make Money

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How To Create Your Own App And Make Money

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How To Create Your Own App And Make Money

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How To Create Your Own App And Make Money Now

How To Create Your Own App And Make Money

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Money App regarding the subject matter contained herein. The Coin We are going to create a digital token. Tokens in the Ethereum ecosystem can represent any fungible tradable good: coins, loyalty points, gold certificates, IOUs, in-game items, etc. Minimum Viable Token The standard token contract can be quite complex. So let’s start with the basics.

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Open the Wallet app, go to the Contracts tab and then Deploy New Contract. A mapping means an associative array, where you associate addresses with balances. The addresses are in the basic hexadecimal Ethereum format, while the balances are integers, ranging from 0 to 115 quattuorvigintillion. If you don’t know how much a quattuorvigintillion is, it’s many vigintillions more than anything you are planning to use your tokens for. So we are going to create a few tokens on startup. Add this code before the last closing bracket, just under the mapping.

This is very important and if you rename one, you have to rename the other too: this is a special, startup function that runs only once and once only when the contract is first uploaded to the network. This function will set the balance of msg. Take a look at the right column beside the contract and you’ll see a drop-down list, written pick a contract. These are changeable parameters for your token, so you can reuse the same code and only change these variables in the future. Right now you have a functional contract that created balances of tokens but since there isn’t any function to move it, all it does is stay on the same account.

So we are going to implement that now. Write the following code before the last bracket. This is a very straightforward function: it has a recipient and a value as the parameter and whenever someone calls it, it will subtract the _value from their balance and add it to the _to balance. Right away there’s an obvious problem: what happens if the person wants to send more than it owns? To stop a contract execution mid-execution you can either return or throw The former will cost less gas but it can be more headache as any changes you did to the contract so far will be kept. In the other hand, ‘throw’ will cancel all contract execution, revert any changes that transaction could have made and the sender will lose all Ether he sent for gas.

Now all that is missing is having some basic information about the contract. And now your token is ready! That’s Natspec an emerging standard for a natural language specification, which allows wallets to show the user a natural language description of what the contract is about to do. While not currently supported by many wallets, this will change in the future, so it’s nice to be prepared. How to deploy If you aren’t there already, open the Ethereum Wallet, go to the contracts tab and then click “deploy new contract”. Now get the token source from above and paste it into the “Solidity source field”.

If the code compiles without any error, you should see a “pick a contract” drop-down list on the right. On the right column, you’ll see all the parameters you need to personalize your own token. Scroll to the end of the page and you’ll see an estimate of the computation cost of that contract and you can select a fee on how much Ether you are willing to pay for it. Any excess Ether you don’t spend will be returned to you so you can leave the default settings if you wish.