Top Blockchain Development Programming Languages To Look Out For
Reshares and Likes
According to the experts, the global Blockchain market is predicted to reach a $57 billion valuation by 2025. Sounds cool, isn’t it?
Have you ever heard about Satoshi Nakamoto? No? Then you are living under the rocks.
He is the one who wrote the famous white paper about Bitcoin in the year 2008. From then on, the term ‘blockchain technology’ took the digital business by storm.
This technology has become the driving force of cryptocurrencies and plans to reform the tech world with a myriad of opportunities.
The technology of the future, Blockchain, has the potential to revamp the whole economy – be it blockchain in supply chain, healthcare, travel or any other domain.
Today, there are many Blockchain Development companies offering Blockchain Development services with the best solutions.
Let’s know more about the technology in detail.
- What is Blockchain Technology?
- Blockchain Development Process
- Top Languages for Blockchain Development
- Applications of Blockchain Technology
What is Blockchain Technology?
The blockchain is a genius invention and the brainchild of an anonymous person or group of people, Satoshi Nakamoto. Over the years, it has evolved into something much greater.
Just like the name suggests, blockchain is simply a chain of blocks. It is an open, distributed ledger technology (DLT). A blockchain is distributed across the internet and managed by peer-to-peer (p2p) networks. The entire data is grouped and organized in the form of blocks.
The term ‘blockchain technology’ refers to a transparent and publicly accessible ledger that allows us to pass on the holding of units by the means of public-key encryption and proof of work safely. It is the arrangement of three technologies i.e. the Internet, a protocol governing incentivization and private key cryptography.
Other than this, the three key features of Blockchain Technology are Decentralization, Transparency, and Immutability.
The technology has paved a way to different blockchain development platforms as well as programming languages that are evolving and changing the scenario of the digital ecosystem.
This, as a whole, makes it crucial for all the Blockchain app development companies and blockchain enthusiasts to be familiar with the best Blockchain programming languages to go ahead. Something we have covered in this blog.
Blockchain Development Process Followed by App Development Company
Take a quick tour through the blockchain development process. This process has been rolled out by the blockchain development company to give you a clarity of concepts and get you familiar with the challenges involved in this innovative technology.
Define a Problem Statement
The very first thing you need to know is what problems your proposed solution is expected to solve. It is important to ensure that the efforts and time you put in benefit your business.
Identify a blockchain use-case for your app and be sure whether there is a need for blockchain or not.
Choose the Suitable Blockchain Platform for your Project
It is a vital stage of the blockchain development process as the entire project depends on the platform you choose.
To build decentralized applications or dApps, you need a blockchain platform without having to create a blockchain from scratch. Some of the blockchain platforms you can pick based on their functionality are Ethereum, Hyperledger Fabric and Hyperledger Sawtooth.
Want to know :- What are DApps or Blockchain Apps Development ?
Now is the time to brainstorm ideas and business requirements. In this step, you need to evaluate, prepare, and prioritize cases for experimentation.
Decide upon the components that should be added as on-chain and off-chain business entities and prepare a roadmap of the product. The prime motive of the blockchain ideation is to design an entire workflow and blockchain model of the application.
Developing a Proof-of-Concept
A PoC or proof-of-concept is a stage where you display the potential of your blockchain project. It can either be a theoretical build-up or a paradigm.
If you are looking out for the best blockchain app development company to build a blockchain-based application, we can help you.
Top Programming Languages Used By Blockchain Development Company
There are several programming languages you can use to create applications for blockchain. Let’s move to the core part of this blog aka the top programming languages you need to know inside out to build blockchain applications and gain an edge over other developers.
If you wish to make your blockchain app as efficient and speedy as possible, which I believe you want to, then C++ is your best bet. C++ is one of the best programming languages for blockchain development. Bitcoin, Ripple and EOS are a well-known example of a blockchain program built with C++.
C++ is an object-oriented language and a right fit for blockchain development as it is based on different concepts such as data abstraction, data encapsulation and data hiding that further helps in preventing accidental data modifications and guaranteeing better memory handling capabilities.
C++ is a powerful programming language that helps to manage resources, have better memory control and process interactions rapidly.
- Handles multiple nodes effortlessly
- Offers enhanced scalability
- Is secure
- Easy integration of respective resources and much more.
Structured Query Language or SQL is a query language that helps to store, retrieve and manipulate the data from the database. It is one of the most used programming languages to create secure and effective enterprise-powered blockchain solutions, an example of which is Aergo.
The language was first developed by IBM to stimulate communication with different databases that include MySQL, SQL Server, PostgreSQL and Oracle.
It allows the programmers to write higher-level code which is further compiled down into a usable low-level machine language. The language was primarily designed by the Ethereum team and is meant to increase the usability and technology of the blockchain world.
Just like C++, Simplicity is an object-oriented programming language that can be considered for Smart contracts development and works on the same principles as blockchain to avert errors and data modification.
Not only this but it also avoids developer distractions, increases productivity and uses Merklized Abstract Syntax Trees to organize the programs into a structure of the tree. Therefore, it is suitable for smaller transaction sizes and reducing block space requirements.
Rholang is another impressive programming language for the development of blockchain apps and smart contracts. Rholang is a functional language. Unlike others, Rholang operates on a functional approach and not an object-oriented approach which solves various blockchain problems. Rholang applications assess the whole program as a series of functions which are further solved sequentially.
Python has become one of the most popular programming languages and if you have started to gain a new developer experience, then Python might be the best Blockchain programming language. Since the language is simple and easy to learn, the developers can quickly build, prototype their ideas with any long-winded coding quickly.
Thanks to its huge open-source support, Python offers a host of tools that can assist developers with any issue. It is an excellent multi purpose programming language that can be used for building blockchains and writing smart contracts. Ethereum, NEO and Hyperledger Fabric are some of the popular blockchains built using Python.
5 Future Applications of Blockchain Technology
Now that we have talked about the various languages that can be aligned with the proper blockchain development, let’s look at how advancements in this revolutionary field can bring about great changes in the future.
Real Estate is a field that requires a lot of paperwork.
But the problem is, no one loves paperwork.
Here’s when Blockchain can come in handy with its public ledger functionality.
Known as one of the most widespread uses of the blockchain, the technology can be used to easily record who owns what, and update the information in a matter of minutes in case of a property transfer.
With its unhackable strength, blockchain can help lawyers and bankers get rid of those big ledger books, and minimize the chances of any type of mistake to an absolute zero.
2. Identity Theft
4 in 10 people face identity theft every day, and the numbers are only increasing.
The reason? Internet services all over the world have brought the personal information of each and every individual at risk.
You cannot put a finger on what and where exactly things went wrong once someone gets a hold of someone else’s social security number.
How blockchain can help put an end to all these hitches is by providing a decentralized model to store personal records.
As long as there is no specific target to put an aim to (like banks, credit card agencies, tax records, etc.) it will become more difficult for trespassers to plan a theft.
Other than that, blockchain won’t work with social security codes that can be copied. It would rather be developed with the integration of biometric authentication that cannot be stolen.
3. Smart Contracts
Something not everyone aware about the blockchain system must have heard by now, we introduce you to the prospect of Ethereum.
It is currently the second-largest cryptocurrency platform in market capitalization, and features a smart contract functionality that can help put the trust factor behind in every future agreement.
How it works?
The code of Ethereum is embedded with the ability to automatically transfer currency tokens to the respected party at the end of the agreed term period.
In other words, here the computerised system works as an intermediary between two business parties to ensure each transaction is fair and none involved has to worry about the other party holding their end of the bargain.
The process is also known as “self-executing contracts”, or “a trustless system” amongst the coders.
4. End to Piracy
Piracy has always been like a fly inside the noses of the entertainment industry.
Over the years many steps has been taken to combat this but sadly, a complete control over this malicious act hasn’t been formed yet.
With Blockchain, the recording agencies around the world could sign each digital copy of a song to a single buyer. Meanwhile, the same public ledger functionality could help keep away the duplicators from playing or copying the same song.
5. Governmental Affairs
Blockchain could help the governments of countries in a lot of pre-explained and yet-to-be-explained manners.
But today we are going to focus only on the two of them which we think are exceptionally revolutionary, i.e – Taxes and Voting Systems.
Both these departments have seen a lot of progress over the last few years but have still failed to manage everything with 100% authenticity.
Be it about stealing a taxpayer’s identity to claim their funds, or hacking the government system to get an appropriate number of digital votes.
The public ledger of blockchain is secured with a unique key that could record each citizen’s contact information.
The ledger can keep track of both the tax refunds and voting status of each and every citizen.
Thereby, putting an end to all the games and gimmicks.
Blockchain, an open and distributed-ledger, is rapidly becoming one of the most important technological advancements. It makes peer-to-peer and anonymous transactions between users possible.
For the past few years, owing to its high level of security it provides in business transactions, the blockchain technology is being used heavily in the industry such as blockchain in supply chain, retail and healthcare.
More and more blockchain development company are getting a hang of this modern-day skill by utilising the best blockchain programming languages and gaining an edge over fellow companies.
These are some of the top preferred languages used to build blockchains; making new technologies and offering greater accessibility.