How Can You Interact with Smart Contracts Using Safe{Wallet}

Introduction

In the blockchain world, safe{wallet} is an innovative platform that offers a safe and user-friendly solution for managing digital assets. It specializes in using multi-signature wallets, thus allowing users to create multiple owners for a single account. This feature ends up providing a safe space for our digital assets, ensuring their security. When talking about smart contracts, they play an important role in automating transactions and allowing decentralized applications. Knowing how to interact with these contracts is an essential skill for anyone navigating the blockchain space.

In this article, we'll walk you through the steps to how we can interact with these smart contracts deployed on a blockchain using Safe{wallet}. Without any further delay, let's start our journey.

Interacting with Smart Contracts using Safe{Wallet} Interface

Interacting with a deployed smart contract using the easy and interactive interface of the safe{wallet} is an easy step. To interact with a smart contract, one should have some basic knowledge of smart contract development and knowledge about the functions present in the smart contract that they are trying to interact with.

Below are some requirements for this tutorial that must be fulfilled before moving on with the tutorial.

Prerequisites

• Safe{Wallet} account
• A Deployed Contract on Blockchain
• Deployed Contract's ABI
• Deployed Contract's Address
• Some tokens/ currency for the transaction

Suppose you want to know more about Safe{Wallet}, how to set up your wallet, and add multiple owners to a single wallet. Read the article Safe{Wallet} Guide. Here, you will find a step-by-step guide to set up your safe account.

If you are a beginner to smart contracts as well and do not have a deployed contract, you can read my previous article on Creating and Deploying smart contracts. Follow this guide to create your first smart contract, deploy it and get its address as well as ABI.

You need to have some native tokens of the blockchain network you will be trying to interact with. It is advisable to use a test network like Goerli, Polygon Mumbai, etc. if you don't want real money to be used.

After you are ready with all the requirements, it's now time to start interacting with the smart contract using our Safe{Wallet}.

Step-by-Step Guide for Contract Interaction using Safe{Wallet}

To interact with any smart contract deployed on a blockchain using the safe{walet} interface, follow the below-mentioned steps.

Step 1. Accessing your Safe Wallet

After you have completed setting up your safe wallet, Log in to the wallet.

After logging in to the wallet, the Home page of the wallet will be shown.

Step 2. Open Transaction Builder Safe App

On the home page, you will find Transaction Builder Safe App. Open the Application.

If by any chance you cannot see the transaction builder application on the home page, search for it in the Apps section.

Step 3. Paste the Contract Address and ABI

Clicking on the transaction builder will open up a new tab where we will be asked to fill in the contract's address and ABI.

If your contract is verified in Sourcify, then giving your contract's address will automatically fetch the ABI of the contract. But if it is not verified, then you need to paste the ABI manually.

Step 4. Select the contract's method/function

After providing the contract address and contract abi, the list of public functions that the contract has will be shown in a dropdown below.

Select the contract function that you want to call from the dropdown and provide the variable data to be sent to the function as a parameter i.e. if the contract function is taking any variable as a parameter.

Step 5. Add and Sign the transaction

Click on Add transaction to add the transaction to a batch. You can execute the added transaction individually or in a batch as you wish.

When we are signing multiple transactions in a batch, the gas consumption and gas fees are reduced.

In this tutorial, we will be signing the single transaction and won't be creating batch transactions.

Remember to stimulate the transaction to ensure that the transaction is going to be successful. This practice will help you save gas fees by notifying you which transactions are going to be failed beforehand.

Step 6. Let the other owners approve your transaction

After signing the transaction from your side, the other owners need to approve that transaction.

The pending transaction can be found inside the Transaction tab under the Queued transactions. Wait until the other owners approve your transaction.

After the other owners approve your transaction, it will be executed automatically.

Congratulations! The transaction has been successfully executed. You can check the transaction using the transaction hash on Block Explorer.

Conclusion

In this guide, you've learned how to use Safe{Wallet} to interact with smart contracts. With just a few simple steps, you can securely manage your digital assets. Remember that having a fundamental knowledge of smart contract development is essential. Make sure you have your Safe{Wallet} account, a deployed contract, its ABI, and some tokens ready.

By following the steps outlined in this guide, you'll be able to navigate the world of smart contracts with confidence.

You can continue your journey of exploring safe{wallet} by reading how to transfer tokens using Safe{Wallet}. Keep exploring and making the most of this powerful technology.

FAQs

Q1. What is a multi-signature wallet, and why is it important for managing digital assets securely?

A. A multi-signature wallet is a type of cryptocurrency wallet that requires multiple private keys to authorize a transaction. It adds an extra layer of security because it necessitates the approval of multiple parties. In Safe{Wallet}, this feature allows users to have multiple owners for a single account, providing a safe space for digital assets.

Q2. How can I obtain the ABI (Application Binary Interface) of a deployed contract?

A. If your contract is verified in Sourcify, Safe{Wallet} will automatically fetch the ABI for you when you provide the contract's address. However, if it's not verified, you'll need to paste the ABI manually. You can usually obtain the ABI from the developer who created the contract or from the project's documentation.

Q3. Why is it recommended to use a test network like Goerli or Polygon Mumbai when interacting with smart contracts?

A. Test networks like Goerli or Polygon Mumbai allow you to interact with the blockchain using test tokens, which have no real-world value. This enables you to practice and test your transactions without risking actual funds. It's a crucial step for developers and users who want to ensure the functionality and security of their smart contracts before deploying them on the mainnet.