Blockchain Development Tutorials, Guides & Insights

https://api.etherscan.io/api?module=proxy&action=eth_getTransactionByHash&txhash=0xYourTransactionHash&apikey=YOUR_ETHERSCAN_API_KEY

You can also query ERC-20 token balances for a given address using the Etherscan API.

npm install ethers

If you plan to use Infura as your Ethereum provider, follow these steps:

The "0x000000000000000000000000000000000000dead" address is used as a burn address because it is widely recognized as a destination for token destruction. Since tokens sent to this address are permanently locked and cannot be retrieved, it’s an ideal address for conducting token burns. It is a well-established convention across many blockchain projects.

For example, in token burn events, project developers often send tokens to this address to signal to the community that those tokens are now out of circulation. This is usually followed by a public announcement, detailing the number of tokens burned and the reasons behind the burn.

Now that your environment is set up, you can create the ERC-20 token contract.

• In the contracts directory, create a new file called MyToken.sol:

• Reduce redundant calculations or operations within your smart contract. Precompute values where possible and reuse them.
• Example: Store the result of a complex computation in a variable rather than recalculating it multiple times.

Several tools can help you analyze and optimize gas consumption in your smart contracts: