UPDATED 15min agoโ
src/smartContracts/PiCoinStabilization.sol
This image shows a part of a Solidity smart contract file named PiCoinStabilization.sol which is used for managing a cryptocurrency token called PiCoin on the Ethereum blockchain.
Here's a breakdown of what's shown:
๐ธFile Path: The file is located at src/smartContracts/PiCoinStabilization.sol.
๐ธSolidity Version: The contract uses Solidity version 0.8.0 or higher (pragma solidity ^0.8.0;).
๐ธContract Declaration: The contract is named PiCoinStabilization.
Original Code (Red Background):
๐ธLine 5: Defines a constant TOTAL_SUPPLY with a value of 100000000000, which represents the total supply of Pi Coins in whole units.
๐ธLine 6: Defines a public variable targetPrice with a value of 314159, which is the target price of one Pi Coin in cents.
Modified Code (Green Background):
๐ธLine 5: The TOTAL_SUPPLY has been updated to 100000000000 * 10 ** 18. This adjustment accounts for 18 decimal places, which is standard for Ethereum tokens. So, the total supply is now 100,000,000,000 Pi Coins with 18 decimal places, effectively making it 100,000,000,000 * 10^18 wei (the smallest unit of Ether).
๐ธLine 6: The targetPrice has been renamed to targetPriceUSD and is now 314159 * 10 ** 18.
This conversion represents the price in USD in wei, again using 18 decimal places for precision.
In Simple Terms: This smart contract is setting up the rules for PiCoin on the Ethereum blockchain. Initially, it defined how many Pi Coins exist in total and what their target price should be in cents. The changes make these values more precise by accounting for Ethereum's decimal system, ensuring that the total supply and price are represented accurately in the blockchain's smallest unit, wei.
This precision is important for transactions and calculations on the blockchain.
#PiNetwok #PiNetworkMainnet #picoin