Solidity is a programming language which is mainly used for writing smart contracts on blockchain platforms. It was developed by Gavin Wood, Christian Reitwiessner, Alex Beregszaszi, Liana Husikyan, Yoichi Hirai and several former Ethereum core contributors. The concept of Solidity programming language was first given by Gavin Wood in August, 2014.

Ethereum released on July 30, 2015 and came up with the concepts of Smart Contracts. Smart Contracts are computer codes which facilitates the exchange of digital currencies. Followings are the few properties of a Smart Contract:

Executes automatically when specific conditions are met.

Self-verifying

Guarantee security

Lower transaction costs

Solidity is one of the various programming languages which gets broken down into bytecodes of Ethereum Virtual Machine (EVM). Ethereum Virtual Machine or EVM is the runtime environment which is used for the development of Smart Contracts based on Ethereum Blockchain.

The popularity of Smart Contracts is increasing based on its properties like security, confidentiality etc. Almost 90% of the coding is done using Solidity programming language. Since the future of Smart contracts is supposed to be a good one, and so the same will go for its mainstream programming language — Solidity.

Truffle is another technology — a framework which is used for compiling and testing Smart Contracts built using Solidity. The combination of Solidity and Truffle is important for the development of any Smart Contract.

IDEs (Integrated Development Environments) & Frameworks for Solidity programming language:

Remix IDE

Atom

VS Code

Truffle

MetaMask

EthFiddle IDE

Embark

JetBrains IDE

IPFS (Inter Planetary File System) is the decentralized storage which is used for storage purposes in decentralized applications and smart contracts. IPFS can be stated like “decentralized HTTP”.

Cryptassist is soon going to launch it’s own cryptocurrency exchange platform, ChatPay (Messenger DApp using which users can pay while they chat) and 25 more crypto solutions! Solidity is playing a major role in the development of these platforms.