Why Solidity (programming language) will become more popular in 2021?
Cryptocurrencies and blockchains are not new to society today; these technologies have long been discussed by all the world’s media. Given the name “blockchain,” it can be defined as a block that contains digital information and does not allow hackers to extract this information in any possible way.
In continuation of the blockchain and cryptocurrency topic, let’s talk about the languages that are used in this industry. Most of them are well-known representatives: Java, C/C++, Python, Ruby, etc. They are used to describe common interfaces and protocols. However, there are highly specialized tasks, where the use of popular languages is ineffective. Examples are smart contracts and Solidity language for the Ethereum platform.
A smart contract is a computer program that executes agreements between two or more parties that result in certain actions when certain conditions are met. That is, when a previously programmed condition is triggered, the smart contract automatically executes the corresponding agreement.
Using smart contracts, there is no longer a need to enlist the help of a third party, such as a lawyer or a notary, which, in addition to possible mistakes, incurs significant costs. Blockchain is able to protect the information in an encrypted network that can be accessed from anywhere in the world, so speed and security are obvious.
The most important advantages of contracts are:
There are no middlemen. Their absence of intermediaries makes the process much easier and faster. Now there is no need to go to a lawyer for help. Everything follows a pre-written code.
Security and confidentiality. All contracts are stored in a blockchain in encrypted form. The purpose of the system is that no one can change the smart contract or replace the data. In addition, secret keys are used for signing, which increases the level of security.
Speed. Working with paper takes a lot of time. Using blockchain smart contracts greatly speeds up the transaction process.
Saving money. Smart contracts eliminate intermediaries from the business process.
Solidity language for smart contracts: what are the specifics
Like all computer programs, Ethereum contracts are written in a programming language. The language for the Ethereum blockchain is called Solidity.
Solidity allows programmers to write high-level code, which is then compiled into a low-level machine language. Solidity was created to run on the Ethereum Virtual Machine (EVM) and allows users using the Ethereum digital transaction register to create smart contracts.
And as Solidity is used to write smart contracts that can be executed in the Ethereum blockchain, and as blockchain technology finds application in an increasing number of areas, the demand for Solidity developers will clearly continue to grow in 2021 and the Solidity development company will be gaining more and more speed.