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The go-ethereum project is divided into a set of standalone libraries that can be used in any Go project (e.g. smart contract interaction, keystore management, common cryptography and hex utils)

Can the same be done using the paritytech/parity project code or is it not structured in such a way that it can be easily used for external projects?

P.S. Are there any other projects/libraries that someone interested in both Rust and Ethereum should know about?

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