What is solidity in blockchain?

by Anii Jain Human resource executive

Introduction to Solidity:

Solidity is contract oriented high-level programing language which is used for writing smart contacts. It was developed by Gavin Wood, Christian Reitwiessner, Alex Beregszaszi, Liana Husikyan, Yoichi Hirai and several former Ethereum core contributors. Solidity is used for implementing smart contracts on various blockchain platforms. This platform has a lot of similarity with JavaScript (another scripting language).

Solidity does the process of verifying and enforcing the constraints at compile-time as opposed to run-time. Solidity is basically there to develop and execute code in the Ethereum Virtual Machine. Solidity was initially proposed in August 2014 by Gavin Wood non-primary source needed irrelevant citation the language was later developed by the Ethereum project's Solidity team, led by Christian Reitwiessner.

At present, Solidity is the primary language on Ethereum as well as on other private blockchain running on platforms that compete with Ethereum, such as Monax and its Hyperledger Burrow blockchain, which uses Tendermint for consensus. SWIFT has deployed a proof of concept using Solidity running on Burrow.

A Cornell University researcher stated that Solidity was partially to blame for The DAO hack that took place in 2016. He stated: "This was actually not a flaw or exploit in the DAO contract itself: technically the Ethereum Virtual Machine (EVM) was operating as intended, but Solidity was introducing security flaws into contracts that were not only missed by the community but missed by the designers of the language themselves." Blockchain - the immutable, encrypted, distributed - ledger has the potential to decentralize every activity, organization and function. The penetration of technology in our daily lives and businesses is inevitable.