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Sol2Ligo: Simplify Converting Ethereum Solidity Contracts To Tezos Ligo Contracts
Madfish Solutions has just launched the Sol2Ligo Interactive handbook.
By: Lee Evans
23 February 2021
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Solidity To Ligo
Madfish Solutions has just launched the Sol2Ligo Interactive handbook. The Sol2Ligo handbook is an online interactive tool, developed for Solidity developers that want to migrate their smart-contract development knowledge to the Tezos ecosystem.
Solidity is the number one programming language used for creating Ethereum applications. It is an object-orientated, high-level language designed to target the Ethereum Virtual Machine (EVM). In 2018 it was stated that there were over 200,000 Solidity developers, however that figure is now expected to be much higher.
When you consider that Truffle Suite a key tool in developing Solidity smart contracts had over 8.5 million downloads and was relied upon by 1.3 million developers by 2020, you could now expect the number of Solidity developers to be in the millions.
LIGO is a high level, statically-typed language for smart contracts that compiles down to Michelson. Michelson is a domain-specific language for writing Tezos smart contracts.
The Sol2Ligo handbook includes a few different features to help developers with the switch. These include an integrated transpiler allowing experimentations with Solidity and LIGO constructions, a step-by-step guide, and a code launcher to create and test your code examples on Ligo.
“Our transpiler understands Solidity so well that maker-dao is already compiling to Ligo.”
Cheaper deployments and transactions
With transaction costs on the Ethereum network spiralling out of control, it makes sense for Ethereum dApp developers to widen their horizons. Average transaction fees on Ethereum are around $20.- this month.
Basic transactions on Tezos will cost you 0.0004 XTZ (Currently $0.0016), which is over 12,500 times cheaper than an average transaction on Ethereum.
More complex transactions like interactions with smart contracts cost more (in the case of tzcolors, $0.01). That is about 2,000 times cheaper than an average transaction on Ethereum.
Higher capacity and quicker to evolve without sacrificing decentralization
Tezos has a higher tps (transactions per second) compared to Ethereum. Tezos has a max tps of ~120, where Ethereum has a max tps of ~30. This capacity does depend on the complexity of the transactions.
A simple transaction of funds will take less “space” in a block compared to a complex smart contract execution. So the type of transactions that take place at a certain time, influences how many transactions fit in a single block, which in turn influences the amount of transactions can be processed per second (tps).
So tps is always a tricky metric to use, but if we compare the max tps, we do get a good idea of the capacity of a blockchain. Tezos outranks Ethereum here, which makes it a lot less likely to clog up. In other words: transaction costs on Tezos would not be this high with the same amount of traffic that Ethereum handles today.
Additionally, Tezos’ on-chain governance system also enables faster evolution. That means that if Tezos faced the same issues that Ethereum is currently facing, it could be addressed and solved a lot faster without sacrificing decentralization.
In fact many low-hanging fruit scalability optimizations have already occured in past Tezos upgrade amendments. In the Delphi upgrade, smart contract transaction fees were reduced by 75% in just one upgrade.
Like Ethereum, Tezos is built as a true decentralized blockchain. No single entity, or small group of entities can dictate what happens on Tezos. Even protocol changes are implemented in a decentralized manner.
The way this governance system is designed means it can implement improvements and reach consensus on a core protocol upgrade within months. This has resulted in 5 protocol upgrades in 3 years so far.
Disclaimer
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.
Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.
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