Circle announced the debut of a new tool to simplify building Web3 apps for developers. This technology, known as “Smart Contract Platform”, helps developers set up smart contracts.
Developers frequently count on Web3 developer instruments, like Truffle or Hardhat, for executing smart contracts. These technologies demand Solidity for constructing contracts, which some traditional programmers might not be proficient in. Moreover, they necessitate the construction and implementation of blockchain or “migration” templates, a procedure that might not be known to Web2 developers.
Circle smart contract framework supplies a library of vetted templates for developing various smart contracts. For instance, developers can employ these templates to construct contracts for NFTs and blockchain loyalty schemes.
They can additionally be used to develop relations with Uniswap or other decentralized finance initiatives and with Circle’s stablecoin contracts. This means developers can leverage the platform to dodge the need to construct a complete Solidity contract from scratch. This quality allows a more straightforward entry for Web2 programmers into Web3 development.
After developers construct the contract, they can upload it to Polygon using an easy-to-use console built into the platform, avoiding needing a “migration” script. However, the “no-code” interface is not yet available for Ethereum or Avalanche.
Moreover, the platform includes various representational state transfer application programming interfaces (REST APIs). These interfaces can be employed for installation and interaction with network contracts. They are standard tools for builders acquainted with Web2 databases, simplifying the procedure for those new to constructing Web3 applications.
Additionally, Circle launched a Gas Station solution that enables developers to pay their users’ gas bills. The firm hopes this decision will help streamline the user initialization process.
The blockchain community broadly acknowledges that the mandated “gas fees” usually prevent users/consumers from trading easily. However, Circle’s Gas Station confronts this issue head-on.
Builders and organizations collaborating with Gas Station can employ the ERC-4337 paymaster to help offset gas fees. It can also decrease expenses and construct a more enticing blockchain experience.
Gas Station feature is currently accessible just on mainnet and testnet Polygon and testnet Ethereum.
Circle, a worldwide fintech firm, provides several financial services. These include a peer-to-peer payment network, the USDC stablecoin, and a marketplace for digital currencies called Circle Invest.
Circle’s P2P payment technology lets users transfer and receive money from anywhere in the world instantaneously and for free.
Circle Invest allows customers to purchase and sell Bitcoin, Ether, and other cryptocurrencies.
Also, the firm offers a crypto wallet, a merchant payment handling structure, and a blockchain development platform. It is dedicated to making financial services easier and more accessible.