Deploying the Smart Contract

Deploying the “LockedSavingsAccount” smart contract is a crucial step in bringing our minimalist fixed deposit application to life. To conform properly to the scope of this article, let’s focus on using the Hardhat development environment for a local deployment.

1. Setting Up Hardhat

Ensure that Hardhat is installed by running `npm install –save-dev` hardhat in your project directory.
Create a `hardhat.config.js` file in the root directory and configure it with the necessary parameters.

2. Writing Deployment Scripts

Create a deployment script, for instance, `01_deploy_locked_savings_account.js` in the scripts folder.
In this script, use the Hardhat deployment functions to deploy the smart contract.

Javascript

// scripts/01_deploy_locked_savings_account.js
const { ethers } = require("hardhat");
 
async function main() {
  const LockedSavingsAccount = await ethers.getContractFactory("LockedSavingsAccount");
  const lockedSavingsAccount = await LockedSavingsAccount.deploy();
 
  console.log("LockedSavingsAccount deployed to:", lockedSavingsAccount.address);
}
 
main()
  .then(() => process.exit(0))
  .catch(error => {
    console.error(error);
    process.exit(1);
  });

3. Running the Deployment

Execute the deployment script using ‘npx hardhat run scripts/01_deploy_locked_savings_account.js’.
Verify that the contract is deployed successfully, and note the contract address.

4. Interacting with the Deployed Contract

Utilize tools like the Hardhat console or write additional scripts to interact with the deployed smart contract.
Fund your Ethereum accounts with test ETH to simulate real transactions on the blockchain.

Building a Simple Fixed Deposit Application Using Solidity Smart Contracts

Blockchain technology has revolutionized the way we handle financial transactions, and the world of decentralized finance (DeFi) is growing at an unprecedented rate. One of the most intriguing aspects of this financial evolution is the use of smart contracts, which are self-executing agreements with the power to automate and secure various financial services. In this exploration of blockchain and smart contract development, we dive into the creation of a minimalist fixed deposit application using Solidity. By the end of this journey, you’ll not only understand the fundamental principles of smart contract programming but also witness the practical application of Solidity in building a secure and efficient fixed deposit system.

Simple Fixed Deposit Application

Tags:

# Smart Contracts #BlockChain #Cryptocurrency #Ethereum #Solidity-Basics #Solidity

Implementing the Smart Contract

Conclusion