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Web3 & Ethereum Basics Cheat Sheet

Web3 & Ethereum Basics Cheat Sheet

Introduces core blockchain and Ethereum concepts, a minimal Solidity smart contract, and calling contracts from JavaScript with ethers.js.

2 PagesIntermediateMar 12, 2026

Core Web3/Ethereum Concepts

The vocabulary of Ethereum development.

  • Blockchain- Append-only distributed ledger; each block cryptographically references the prior one
  • Smart contract- Immutable code deployed to the chain that executes deterministically when called
  • Wallet- Holds a private key that signs transactions; the address derives from the public key
  • Gas- Fee paid in ETH to compensate validators for computation/storage a transaction consumes
  • EVM- Ethereum Virtual Machine — executes smart contract bytecode identically on every node
  • RPC provider- Service (e.g. Infura, Alchemy, or a self-hosted node) exposing JSON-RPC endpoints
  • Mainnet vs Testnet- Testnets (e.g. Sepolia) use worthless test ETH for development before mainnet

Minimal Solidity Contract

A storage contract with an owner-only setter and an event.

solidity
// SPDX-License-Identifier: MITpragma solidity ^0.8.20;contract SimpleStorage {    uint256 private value;    address public owner;    event ValueChanged(uint256 newValue);    constructor() {        owner = msg.sender; // deployer becomes the owner    }    function setValue(uint256 _value) public {        require(msg.sender == owner, "Not authorized");        value = _value;        emit ValueChanged(_value);    }    function getValue() public view returns (uint256) {        return value; // 'view' = no gas cost when called off-chain    }}

Interacting with a Contract (ethers.js)

Reading state for free, then sending a signed transaction.

javascript
import { ethers } from 'ethers';// Read-only provider (no signing capability)const provider = new ethers.JsonRpcProvider('https://sepolia.infura.io/v3/YOUR_KEY');// Signer wraps a private key/wallet for sending transactionsconst wallet = new ethers.Wallet(process.env.PRIVATE_KEY, provider);const abi = ['function getValue() view returns (uint256)', 'function setValue(uint256)'];const contract = new ethers.Contract('0xContractAddress...', abi, wallet);// Read call — free, no transaction, no gasconst current = await contract.getValue();// Write call — creates a signed transaction, costs gas, needs confirmationconst tx = await contract.setValue(42);const receipt = await tx.wait(); // waits for the tx to be minedconsole.log('Confirmed in block', receipt.blockNumber);

Gas & Transaction Terms

Concepts you need to reason about transaction cost.

  • Gas limit- Maximum gas units a transaction may consume before it reverts
  • Base fee / gas price- Cost per gas unit in gwei (1 gwei = 10^-9 ETH), set by EIP-1559 dynamics
  • Priority fee (tip)- Extra amount paid to incentivize validators to include the transaction sooner
  • Nonce- Sequential per-account counter preventing replay and enforcing ordering
  • Revert- Failed transaction that undoes state changes, but the sender still pays gas already spent
  • Wei/Gwei/Ether- Denominations: 1 ETH = 10^9 Gwei = 10^18 Wei

Checks-Effects-Interactions & Reentrancy Guard

The canonical defense against reentrancy attacks, where an external call re-enters the contract before state is finalized.

solidity
// SPDX-License-Identifier: MITpragma solidity ^0.8.20;contract Vault {    mapping(address => uint256) public balances;    bool private locked;    modifier nonReentrant() {        require(!locked, "Reentrant call");        locked = true;        _;        locked = false;    }    function withdraw(uint256 amount) external nonReentrant {        // 1. Checks        require(balances[msg.sender] >= amount, "Insufficient balance");        // 2. Effects -- update state BEFORE the external call        balances[msg.sender] -= amount;        // 3. Interactions -- external call happens last        (bool success, ) = msg.sender.call{value: amount}("");        require(success, "Transfer failed");    }}

Minimal ERC-20 Token

The standard fungible token interface: balances, transfers, and delegated allowances.

solidity
// SPDX-License-Identifier: MITpragma solidity ^0.8.20;contract SimpleToken {    string public name = "SimpleToken";    string public symbol = "SIM";    uint8 public decimals = 18;    uint256 public totalSupply;    mapping(address => uint256) public balanceOf;    mapping(address => mapping(address => uint256)) public allowance;    event Transfer(address indexed from, address indexed to, uint256 value);    event Approval(address indexed owner, address indexed spender, uint256 value);    constructor(uint256 initialSupply) {        totalSupply = initialSupply;        balanceOf[msg.sender] = initialSupply;    }    function transfer(address to, uint256 value) external returns (bool) {        require(balanceOf[msg.sender] >= value, "Insufficient balance");        balanceOf[msg.sender] -= value;        balanceOf[to] += value;        emit Transfer(msg.sender, to, value);        return true;    }    function approve(address spender, uint256 value) external returns (bool) {        allowance[msg.sender][spender] = value; // race condition: use increase/decreaseAllowance in prod        emit Approval(msg.sender, spender, value);        return true;    }    function transferFrom(address from, address to, uint256 value) external returns (bool) {        require(allowance[from][msg.sender] >= value, "Allowance exceeded");        allowance[from][msg.sender] -= value;        balanceOf[from] -= value;        balanceOf[to] += value;        emit Transfer(from, to, value);        return true;    }}

Common Smart Contract Vulnerabilities

Attack patterns every Solidity author must defend against before mainnet deployment.

  • Reentrancy- External call re-enters the contract before state updates; fix with checks-effects-interactions + guards
  • Integer overflow/underflow- Solidity 0.8+ reverts on overflow by default; pre-0.8 code needs SafeMath
  • Access control gaps- Missing onlyOwner/role checks on privileged functions (mint, upgrade, withdraw)
  • Front-running (MEV)- Miners/searchers reorder or insert transactions seeing pending mempool data; mitigate with commit-reveal
  • Oracle manipulation- Relying on a single/spot-price DEX pool as a price oracle lets attackers flash-loan-manipulate it
  • Unchecked delegatecall- delegatecall runs external code in the caller's storage context; can corrupt state if target is untrusted
  • tx.origin authentication- Using tx.origin instead of msg.sender for auth is phishable via a malicious intermediary contract

Querying & Filtering Historical Events

Reading past on-chain activity efficiently instead of scanning every block manually.

javascript
import { ethers } from 'ethers';const provider = new ethers.JsonRpcProvider(RPC_URL);const contract = new ethers.Contract(address, abi, provider);// Query a specific indexed argument across a block rangeconst filter = contract.filters.Transfer(null, myAddress); // 'to' == myAddressconst events = await contract.queryFilter(filter, -5000, 'latest'); // last 5000 blocksfor (const evt of events) {  console.log(evt.args.from, evt.args.value.toString(), evt.blockNumber);}// Live subscription -- fires as new blocks confirm matching logscontract.on(contract.filters.Transfer(), (from, to, value, event) => {  console.log(`Live transfer: ${value} from ${from} to ${to}`);});// Always unsubscribe to avoid leaking WebSocket listeners// contract.off('Transfer');

Batching Reads with Multicall

Combining many contract calls into a single RPC round trip and single block context for consistency.

javascript
import { ethers } from 'ethers';const multicallAbi = ['function aggregate((address,bytes)[] calls) view returns (uint256 blockNumber, bytes[] returnData)'];const multicall = new ethers.Contract(MULTICALL3_ADDRESS, multicallAbi, provider);const iface = new ethers.Interface(['function balanceOf(address) view returns (uint256)']);const calls = [addr1, addr2, addr3].map((holder) => ({  target: tokenAddress,  callData: iface.encodeFunctionData('balanceOf', [holder]),}));const { returnData } = await multicall.aggregate(calls.map((c) => [c.target, c.callData]));const balances = returnData.map((data) => iface.decodeFunctionResult('balanceOf', data)[0]);// One RPC call, one consistent block, instead of N sequential calls// that could each observe a different chain state
Pro Tip

Always call view/pure functions through a read-only provider (free, instant) and reserve signed transactions for actual state changes — calling a state-changing function when only a read was needed wastes real gas for no reason.

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