explain about Ethereum Development Key Concepts

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Ethereum Development Key Concepts

It only takes a few minutes to set up your development environment for Ethereum. Before we begin writing code, it is important to have a basic understanding of a few general concepts.

Solidity - The most widely used programming language for creating Ethereum smart contracts is called Solidity.

Web3.js - Web3.js is a JavaScript library that lets developers read and write to the Ethereum blockchain elegantly for web browsers and Node.js. JSON RPC from Web3.js can be used to run Solidity smart contracts.

Infura.io is a company that offers an API for WebSockets and HTTP access to the Ethereum network. You need to host your own Ethereum network node in order to access the network without the use of a service such as Infura's API.

Ethereum Networks - The production environment is thought to be the Ethereum Main Network, also known as Homestead. Real Ether (ETH) can be mined, burned, and exchanged here. Additionally, there are well-known public test networks like Rinkeby, Kovan, Göerli, and Ropsten. The API provided by Infura allows access to each of these networks.

Cloudflare’s Ethereum Gateway - The Ethereum Gateway is made available by Cloudflare, a well-known DNS and overall web infrastructure provider, which offers a free API to access the Ethereum Main Net. Cloudflare's gateway does not require an account or API, in contrast to Infura. Cloudflare-eth.com provides an interface to access the network. Still, you can interface with only Homestead; not Ropsten, Göerli, Kovan, or Rinkeby.

Truffle - Truffle is a company that makes Drizzle, Ganache, and other Ethereum development tools. Installing Ganache CLI is the first step in this tutorial, which will enable us to run our Web3.js and Solidity code locally while developing.

Ganache CLI - A command-line interface for managing an Ethereum instance hosted locally. On your local computer, we can create a fork of the blockchain of a public network or a blank Ethereum blockchain.

Solidity Compiler (Solc) - This converts our readable Solidity code for humans into Ethereum bytecode that can be executed by Ethereum network nodes.

An extension for the web browser called MetaMask makes it easier to invoke Ethereum smart contracts from a website. Web3.js is used behind the scenes in MetaMask. It is a tool that allows end users to use tokens based on Ethereum, or ETH, and to monitor their Ethereum wallets when utilizing decentralized Web3 applications, or DApps.

visit : Create ERC20 Token To Ease Your Business Finances In Web3.
 

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