The world has witnessed the development of blockchain technology. There are blockchain tech applications in almost all fields of life. Smart contract is the most crucial part of the blockchain that determines the security of the transacting parties. Everything from banking to healthcare to even the government has a project underway to utilize the power of blockchain. This article will discuss 5 top promising smart contract languages: Solidity, Vyper, YUL, DAML, and JavaScript.
What is Smart Contract in blockchain?
A smart contract is an assurance between two parties written in code instead of text. We can use smart contracts to exchange anything with value transparent and conflict-free. Unlike traditional contracts, which are often complex and challenging to interpret, smart contracts are clear, precise, and easy to understand. There is no need for lawyers to minimize fraud which reduces transaction costs.
Smart contracts use blockchain tech, a highly secure digital contract method. The security of transacting parties is the reason for the popularity of blockchain technology. Smart contracts help develop digital contracts and decentralized applications customized for the requirement of an organization.Programming languages like Solidity, Vyper, Yul, Digital Asset Modelling Language (DAML), JavaScript, etc., are the popular languages for smart contracts.
Top Promising Languages for Smart Contracts:
1. Solidity: A solidity programming language is an object-oriented language for implementing smart contracts. It draws its main inspiration from other popular and widely used languages like Python, C++, and JavaScript. It is compatible with EVM or Ethereum Virtual Machine.
The statistically typed programming language is popularly adopted for smart contracts in use cases like multi-signature wallets, voting, crowdfunding, blind auctions, etc. One of the main benefits of the Solidity contract is its similarity with modern programming languages. This language is called turning-complete, as developers can write code developed in other languages. Developers can easily port Solidity smart contracts to other blockchain networks. If you’re looking to develop a smart contract on the Ethereum network, you can find a Solidity developer from Toptal, a leading network of top freelance software developers and designers.
2. Vyper: Vyper is a programming language for smart contracts influenced by Python. The three crucial design principles of Vyper ensure efficiency in smart contract development. The three design principles are as follows.
- Security: Its design principle develops smart contracts with better security. Security of the smart contracts is one of the crucial features, and Vyper serves this factor efficiently.
- Auditability: Auditability feature of Vyper ensures the human-readability of the code. It becomes a challenging task to write any malignant code. This programming language is simple for readers who are not experts in programming.
- Simplicity: The simplicity of the Vyper language and its compiler implementation is easy to understand and straightforward.
3. Yul: Yul is an intermediate language that compiles the bytecode to address different backends’ requirements. It has planned support for Ewasm, EVM 1.0, and EVM 1.5. It is used as an intermediate language in implementing the Yul compiler. The features of the Yul are as follows: It focuses on simplicity while translating from Yul to Bytecode. It also maintains an easily understandable control flow for enhancing manual inspection for formal verification and optimization. It focuses on the readability of programs developed in Yul.
4. DAML (Digital Asset Modelling Language): DAML is also gaining popularity in smart contract programming. It is an open-source programming language beneficial in writing distributed applications quickly, correctly, and concisely.
It provides an unambiguous and high-level business logic specification in real-time. Many complexities like cryptography and distributed state synchronization in distributed applications are met with DAML. Programmers use DAML to explain the contract formation with the parties that are authorized for contract formation. Developers can concentrate on business logic to directly express the contracts, parties, rights, obligations, and authorization.
5. JavaScript: JavaScript is an object-oriented, lightweight, and dynamic programming language that revolutionized programming. It is a foundational pillar for web designing, CSS forms, and HTML. The advantages of JavaScript in creating smart contracts are as follows.
It ensures faster and easy smart contract development
It provides improved scalability and functionality of smart contracts
In the integration of required resources, it assures limited hassles
As per the requirement, the developers can capitalize on the support of various JavaScript frameworks.
Final Thoughts: The programming, as mentioned earlier, languages have unique characteristics. Selecting the appropriate programming language is tricky, though each language has some added advantages. Solidity has learning tutorials for beginners and supports a massive developer community. Whereas, Viper has ease of human audibility and readability. It is beneficial for Python developers to create smart contracts.
Yul is a functional and straightforward low-level language, whereas DAML deals with the complexities of distributed applications. JavaScript allows enhanced usability of smart contract solutions and helps developers with ancillary tasks in smart contracts. If you have queries, feel free to comment. Team Blockchain Shiksha would love to solve the questions.©
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