Blockchain Essentials | Assignment – 2

QUIZ – 2 | BLOCKCHAIN ESSENTIALS AND DEVELOPMENT OF DApps

1. Blockchain is a type of ____.

Database

Table

View

Object

2. Are Decentralized Blockchains immutable

TRUE

False

3. The types of Blockchain networks are

public

permissioned

consortium

All of the above

4.  As Solidity does not support the Switch statement, what else can you do to replace the same behavior?

if-else

if else if else

for loop

while loop

5.  What happens if the execution of a Smart Contract consumes more than the specified gas?

The contract still gets executed

The contract does not get executed

The user gets a refund

None of the above

6.  In the Etherscan website, the transaction fee of each transaction is quoted in which of the following?

BTC

gwei

USD

INR

7. A pure function in solidity can access

state variables

local variables

both

none

8. ________ can be used to restrict access in solidity

modifiers

functions

constructors

all of the above

9. 1 gwei is _________ ETH

10^-9

10^-18

10^9

10^18

10. solidity is also known as

curly bracket language

access restriction language

both

none

11. The symbol _; in modifiers is used to

shift to function definition

shift to another modifier

terminate the process

All of the above

12. msg.sender fetches __________

20 bytes accounts address

40 bytes account address

ethers in an account

transaction hash

13. the data type address payable can

hold 20 bytes address

transfer ethers to another account

cannot transfer ethers to another account

only receive ethers

14. The data types in Ethereum are

uint256

fixedMxN

bool

All of the above

15. in fixedMxN

M should be divisible by 8

M should be divisible by 16

M should be divisible by 32

M should be divisible by 64

Assignment 2

1. PiggyBank is a concept we all know from childhood where we collect money till a particular
time period in a container called PiggyBank and will break it at some time to withdraw all the
money we collected.
Create a Smart Contract that implements the concept of piggybank.
a) Set the owner to the deployer of the contract using the constructor.
b) Deposit money to the contract (piggyBank) through receive() function.
c) Emit an event for the Deposit function.
d) Write the modifier onlyOwner() so that only the owner can call the withdraw function.
e) Write the withdraw() function to kill the contract and transfer all the contract balance
to the owner’s account.
f) Emit an event for withdrawal function.

pragma solidity ^0.8.0;

contract PiggyBank {
    address payable owner;
    event Deposit(address depositor, uint amount);
    event Withdrawal(address withdrawer, uint amount);

    constructor() public {
        owner = msg.sender;
    }

    function receive() public payable {
        emit Deposit(msg.sender, msg.value);
    }

    modifier onlyOwner() {
        require(msg.sender == owner);
        _;
    }

    function withdraw() public onlyOwner {
        emit Withdrawal(msg.sender, address(this).balance);
        owner.transfer(address(this).balance);
        selfdestruct(owner);
    }
}

Note that the above contract uses the selfdestruct function, which is a way to destroy a smart contract and transfer its remaining balance to a specified address. The selfdestruct function can only be called by the contract’s owner and it is important to use it with caution, because once called, the contract cannot be reused again.

2. The Ownable smart contract keeps the track of ownership. At the moment who has the
ownership of the contract or maybe tokens like NFTs. Ownership is transferrable so we can
transfer it from one user to the other and get the respective benefits.
Create a smart contract that implement the following functionalities:
a) Set the owner to the deployer of the contract using the constructor.
b) Write the modifier onlyOwner() so that only the owner can call certain functions like
transferring the current ownership of the contract.
c) Write the function for getting the current owner of the contract
d) Write the function for transferring the ownership of the contract from the current owner
to the owner.

Here is an example of a smart contract that implements the functionalities you described:

pragma solidity ^0.8.0;

contract Ownable {
    address public owner;

    constructor() public {
        owner = msg.sender;
    }

    modifier onlyOwner() {
        require(msg.sender == owner);
        _;
    }

    function getOwner() public view returns (address) {
        return owner;
    }

    function transferOwnership(address newOwner) public onlyOwner {
        require(newOwner != address(0));
        owner = newOwner;
    }
}

Here, the constructor() function is used to set the initial owner of the contract to the deployer. The onlyOwner() modifier is used to restrict access to certain functions to only the current owner of the contract. The getOwner() function returns the current owner of the contract, and the transferOwnership() function allows the current owner to transfer ownership of the contract to a new address. The require(newOwner != address(0)) check is added to make sure that new owner address is not a zero address.

3. Explain Solidity and its features. What types of applications can be developed using
Solidity.

Solidity is a programming language for writing smart contracts on the Ethereum blockchain. It is similar to JavaScript and is designed to be used for creating decentralized applications (dApps) on the Ethereum platform.

Some features of Solidity include:

  • Support for inheritance and complex user-defined types
  • Support for libraries
  • Support for complex user-defined types
  • Support for events and logging
  • Support for unit testing

Using Solidity, developers can create a wide range of decentralized applications such as:

  • Decentralized exchanges (DEXs)
  • Non-fungible tokens (NFTs)
  • Gaming platforms
  • Supply chain management systems
  • Voting systems
  • Crowdfunding platforms
  • And many more

It is important to note that Solidity is specific to the Ethereum blockchain and cannot be used for other blockchain platforms.


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More on Blockchain Essentials

Blockchain Essentials | Part 1

Blockchain Essentials | Part 2

Blockchain Essentials | Part 3

and more about Solidity language,

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