Knowing how the cryptocurrency market works is essential if you want to truly master the art of crypto trade and investment. This is true especially now that the Bitcoin price (as well as those of altcoins) continue to fall, after a disappointing first half of 2022.
Not all crypto projects are created equal, which is basically why valuations are so different. One of the key aspects to note is the programming language that is used to keep a blockchain up and running for each crypto. While many different languages are used today, there are three that are more common – and you should definitely get to know them.
Top blockchain programming languages
One of the most used and stable blockchain programming languages is Solidity, widely recommended by developers worldwide. It was proposed by Gavin Wood in 2014 and its first function was to make smart contracts run on the Ethereum Virtual Machine (EVM).
Among its advantages, Solidity provides a stable and flexible coding pattern for smart contracts, ensuring a user-friendly interface. This also offers a high-accuracy rate for various sources in framing smart contracts between two parties.
In terms of downsides, once a contract is made in Solidity, it cannot be altered (if needed) and additional features can’t be added.
If you have already studied a crypto trading guide and you have some basic programming knowledge, then Java should be a familiar name. This language was developed by James Gosling in 1995 and supports the heavy Application Programming Interface (API), which includes class-based object-oriented programming. API, OOP, and Portability are the most used features of Java when it comes to programming a blockchain.
Java is an independent platform, which is developer-friendly and has a secure interface. It reduces security threats by avoiding the use of explicit pointers. Also, the security manager in Java allows for the definition of access rules for any given class.
That being said, some developers point to drawbacks such as memory consumption, no backup facilities, and code complexity. However, these don’t seem to act as a roadblock and Java is now used by blockchains such as Ethereum, Hyperledger Fabric, IOTA, and NEO.
Python is one of the most convenient solutions for blockchain developers in the market today, because it has comparatively shortcodes and it is easier to use. It’s possible to choose a wide range of resources and plug-ins with this open-source language.
Python has extensible features and executes the lines one by one, making it easier to detect and debug errors. As an object-oriented language, users can focus more on understanding the coding, rather than framing syntax. Additionally, you don’t have to depend on external libraries, given Python’s own library is big.
Among its main weaknesses, though, you should know that this language is weak in smartphones. Just like the case with Java, it consumes a lot of memory and could generate frequent run-time errors.
But wait, there’s more
Other programming languages such as Ruby, Go, C#, Simplicity and Rholand are also used for making blockchains operate smoothly. Most of them have been around for several years, but are not as common as the three listed above. If you want to read more about them, plenty of information is available online – just make sure you get your knowledge from a reliable source.