Life Cycle of Smart Contract - GeeksforGeeks (2024)

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Life Cycle of Smart Contract - GeeksforGeeks (1)

'); $('.spinner-loading-overlay').show(); jQuery.ajax({ url: writeApiUrl + 'create-improvement-post/?v=1', type: "POST", contentType: 'application/json; charset=utf-8', dataType: 'json', xhrFields: { withCredentials: true }, data: JSON.stringify({ gfg_id: post_id, check: true }), success:function(result) { jQuery.ajax({ url: writeApiUrl + 'suggestions/auth/' + `${post_id}/`, type: "GET", dataType: 'json', xhrFields: { withCredentials: true }, success: function (result) { $('.spinner-loading-overlay:eq(0)').remove(); var commentArray = result; if(commentArray === null || commentArray.length === 0) { // when no reason is availaible then user will redirected directly make the improvment. // call to api create-improvement-post $('body').append('

'); $('.spinner-loading-overlay').show(); jQuery.ajax({ url: writeApiUrl + 'create-improvement-post/?v=1', type: "POST", contentType: 'application/json; charset=utf-8', dataType: 'json', xhrFields: { withCredentials: true }, data: JSON.stringify({ gfg_id: post_id, }), success:function(result) { $('.spinner-loading-overlay:eq(0)').remove(); $('.improve-modal--overlay').hide(); $('.unlocked-status--improve-modal-content').css("display","none"); $('.create-improvement-redirection-to-write').attr('href',writeUrl + 'improve-post/' + `${result.id}` + '/', '_blank'); $('.create-improvement-redirection-to-write')[0].click(); }, error:function(e) { $('.spinner-loading-overlay:eq(0)').remove(); var result = e.responseJSON; if(result.detail.non_field_errors.length){ $('.improve-modal--improve-content .improve-modal--improve-content-modified').text(`${result.detail.non_field_errors}.`); jQuery('.improve-modal--overlay').show(); jQuery('.improve-modal--improvement').show(); $('.locked-status--impove-modal').css("display","block"); $('.unlocked-status--improve-modal-content').css("display","none"); $('.improve-modal--improvement').attr("status","locked"); $('.improvement-reason-modal').hide(); } }, }); return; } var improvement_reason_html = ""; for(var comment of commentArray) { // loop creating improvement reason list markup var comment_id = comment['id']; var comment_text = comment['suggestion']; improvement_reason_html += `

${comment_text}

`; } $('.improvement-reasons_wrapper').html(improvement_reason_html); $('.improvement-bottom-btn').html("Create Improvement"); $('.improve-modal--improvement').hide(); $('.improvement-reason-modal').show(); }, error: function(e){ $('.spinner-loading-overlay:eq(0)').remove(); // stop loader when ajax failed; }, }); }, error:function(e) { $('.spinner-loading-overlay:eq(0)').remove(); var result = e.responseJSON; if(result.detail.non_field_errors.length){ $('.improve-modal--improve-content .improve-modal--improve-content-modified').text(`${result.detail.non_field_errors}.`); jQuery('.improve-modal--overlay').show(); jQuery('.improve-modal--improvement').show(); $('.locked-status--impove-modal').css("display","block"); $('.unlocked-status--improve-modal-content').css("display","none"); $('.improve-modal--improvement').attr("status","locked"); $('.improvement-reason-modal').hide(); } }, }); } else { if(loginData && !loginData.isLoggedIn) { $('.improve-modal--overlay').hide(); if ($('.header-main__wrapper').find('.header-main__signup.login-modal-btn').length) { $('.header-main__wrapper').find('.header-main__signup.login-modal-btn').click(); } return; } } }); $('.left-arrow-icon_wrapper').on('click',function(){ if($('.improve-modal--suggestion').is(":visible")) $('.improve-modal--suggestion').hide(); else{ $('.improvement-reason-modal').hide(); } $('.improve-modal--improvement').show(); }); function loadScript(src, callback) { var script = document.createElement('script'); script.src = src; script.onload = callback; document.head.appendChild(script); } function suggestionCall() { var suggest_val = $.trim($("#suggestion-section-textarea").val()); var array_String= suggest_val.split(" ") var gCaptchaToken = $("#g-recaptcha-response-suggestion-form").val(); var error_msg = false; if(suggest_val != "" && array_String.length >=4){ if(suggest_val.length <= 2000){ var payload = { "gfg_post_id" : `${post_id}`, "suggestion" : `

${suggest_val}

`, } if(!loginData || !loginData.isLoggedIn) // User is not logged in payload["g-recaptcha-token"] = gCaptchaToken jQuery.ajax({ type:'post', url: "https://apiwrite.geeksforgeeks.org/suggestions/auth/create/", xhrFields: { withCredentials: true }, crossDomain: true, contentType:'application/json', data: JSON.stringify(payload), success:function(data) { jQuery('.spinner-loading-overlay:eq(0)').remove(); jQuery('#suggestion-section-textarea').val(""); jQuery('.suggest-bottom-btn').css("display","none"); // Update the modal content const modalSection = document.querySelector('.suggestion-modal-section'); modalSection.innerHTML = `

Thank You!

Your suggestions are valuable to us.

You can now also contribute to the GeeksforGeeks community by creating improvement and help your fellow geeks.

`; }, error:function(data) { jQuery('.spinner-loading-overlay:eq(0)').remove(); jQuery('#suggestion-modal-alert').html("Something went wrong."); jQuery('#suggestion-modal-alert').show(); error_msg = true; } }); } else{ jQuery('.spinner-loading-overlay:eq(0)').remove(); jQuery('#suggestion-modal-alert').html("Minimum 5 Words and Maximum Character limit is 2000."); jQuery('#suggestion-modal-alert').show(); jQuery('#suggestion-section-textarea').focus(); error_msg = true; } } else{ jQuery('.spinner-loading-overlay:eq(0)').remove(); jQuery('#suggestion-modal-alert').html("Enter atleast four words !"); jQuery('#suggestion-modal-alert').show(); jQuery('#suggestion-section-textarea').focus(); error_msg = true; } if(error_msg){ setTimeout(() => { jQuery('#suggestion-section-textarea').focus(); jQuery('#suggestion-modal-alert').hide(); }, 3000); } } document.querySelector('.suggest-bottom-btn').addEventListener('click', function(){ jQuery('body').append('

'); jQuery('.spinner-loading-overlay').show(); if(loginData && loginData.isLoggedIn) { suggestionCall(); return; } // load the captcha script and set the token loadScript('https://www.google.com/recaptcha/api.js?render=6LdMFNUZAAAAAIuRtzg0piOT-qXCbDF-iQiUi9KY',[], function() { setGoogleRecaptcha(); }); }); $('.improvement-bottom-btn.create-improvement-btn').click(function() { //create improvement button is clicked $('body').append('

'); $('.spinner-loading-overlay').show(); // send this option via create-improvement-post api jQuery.ajax({ url: writeApiUrl + 'create-improvement-post/?v=1', type: "POST", contentType: 'application/json; charset=utf-8', dataType: 'json', xhrFields: { withCredentials: true }, data: JSON.stringify({ gfg_id: post_id }), success:function(result) { $('.spinner-loading-overlay:eq(0)').remove(); $('.improve-modal--overlay').hide(); $('.improvement-reason-modal').hide(); $('.create-improvement-redirection-to-write').attr('href',writeUrl + 'improve-post/' + `${result.id}` + '/', '_blank'); $('.create-improvement-redirection-to-write')[0].click(); }, error:function(e) { $('.spinner-loading-overlay:eq(0)').remove(); var result = e.responseJSON; if(result.detail.non_field_errors.length){ $('.improve-modal--improve-content .improve-modal--improve-content-modified').text(`${result.detail.non_field_errors}.`); jQuery('.improve-modal--overlay').show(); jQuery('.improve-modal--improvement').show(); $('.locked-status--impove-modal').css("display","block"); $('.unlocked-status--improve-modal-content').css("display","none"); $('.improve-modal--improvement').attr("status","locked"); $('.improvement-reason-modal').hide(); } }, }); });

Life Cycle of Smart Contract - GeeksforGeeks (2024)

FAQs

Life Cycle of Smart Contract - GeeksforGeeks? ›

Once the contents of the smart contract have been finalized, they must be converted into code. The following tasks are done in this phase: Negotiation of multiple parties. Smart contract's design, implementation, and validation.

What is the life cycle of a smart contract? ›

The life cycle consists of four subsequent phases: Creation, freezing, execution, and finalization. For each phase actors and technological services are identified and explained in detail.

What is the life cycle of smart? ›

life cycle of a smart contract contains four main phases as follows. The creation of the smart contract, freezing of the smart contract, execution of the smart contract, and the completion of the smart contract [26] as shown in Fig. ...

What are the four steps in executing a smart contract? ›

2 concisely depicts the lifecycle of a smart contract in four fundamental steps which are (1) agreement amongst the parties, (2) establishment of smart contract, (3) verification that the criteria are fulfilled and (4) execution of value transfer (e.g. money and energy ...

What is the process of smart contracts? ›

These are the necessary steps:
  • A user initiates a transaction from their blockchain wallet.
  • The transaction arrives at the distributed database, where the identity is confirmed.
  • The transaction, which may be a transfer of funds, is approved.

What is the contract life cycle process? ›

The contract lifecycle management process is broken down into seven key stages, including Planning, Implementation, Pre-contract, Handover, Contract, Pre-renewal, and Post-contract. Planning stage - This is where you develop your CLM strategy based on your company's needs and resources.

What are the 4 major parts of a smart contract? ›

Generally speaking, smart contracts have state variables (data), functions (what can be done), events (messages in and out), and modifiers (special rules for specific users).

What are the 5 stages of SMART? ›

5 Rules for setting SMART goals
  • S = specific. Your goal should include details of what you want to accomplish.
  • M = measurable. You should be able to measure your progress and accurately determine whether you've accomplished your goal.
  • A = attainable. Your goals should challenge you. ...
  • R = realistic. ...
  • T = timely.

What are the 5 phases in life cycle model? ›

There are typically five project life cycle phases: initiation, planning, execution, monitoring and controlling, and closure.

What are the 4 stages of the life cycle? ›

4 stage life cycle (complete metamorphosis). The four stages are egg, larva, pupa and adult.

How is a smart contract executed? ›

Smart contracts are self-executing contracts stored on a blockchain. They automatically carry out their terms when predefined conditions are met, eliminating the need for intermediaries. Think of them as digital agreements that enforce themselves, ensuring that transactions are completed as agreed upon.

What algorithm is used in smart contracts? ›

That transaction must then be included in a block that is added to the blockchain, at which point the smart contract's code will execute to establish the initial state of the smart contract. Byzantine fault-tolerant algorithms secure the smart contract in a decentralized way from attempts to tamper with it.

What is the methodology of smart contracts? ›

Smart contracts, which are written in chaincode, allow participants on a blockchain network to encode business logic in executable programs. Smart contracts can run on private peers, owned by specific network members, against the trusted, verified data hosted by those peers.

What are the smart contract phases? ›

These four phases are the formation of a smart contract, freezing of the smart contract, execution of the smart contract, and finalization of the smart contract.

What triggers a smart contract? ›

Smart contracts work by following simple “if/when…then…” statements that are written into code on a blockchain. A network of computers executes the actions when predetermined conditions are met and verified.

How do smart contracts self execute? ›

At its core, a smart contract is a self-executing agreement with the terms of the contract directly written into code. Built on blockchain technology, smart contracts automatically enforce and execute the terms of the agreement when predefined conditions are met, without the need for intermediaries.

How long does a smart contract last? ›

Yes, the smart contract already deployed, unless destroyed using 'selfdestruct', will stay forever on the blockchain. It's by design. Every time you interact with the blockchain your nonce (number only used once) attached to your wallet increases.

Do smart contracts run forever? ›

Because smart contracts are Turing complete, they can potentially execute forever, locking up every single node on the blockchain.

Which four stages does the contract life cycle consist of? ›

The four stages of a contract are its creation, negotiation, review, and execution. What is a contract lifecycle management solution?

What is the vesting period of a smart contract? ›

Vesting contract is a smart contract that locks up funds for a period of time and allows the owner to withdraw the funds after the lockup period. When a new employee joins an organization, they typically receive a promise of compensation to be disbursed after a specified duration of employment.

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