Gavin Woods</strong></a>, Solidity was developed by Ethereum and its project team. This programming language is <strong>influenced</strong> by other popular programming languages such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-javascript/">JavaScript, <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Python_(programming_language)/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Python</strong></a>, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-c-plus-plus/">C++./nThe <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-ethereum-virtual-machine-evm/">Ethereum Virtual Machine (EVM)</strong></strong></a>, which serves as an abstraction layer between the executing code and the execution machine, interacts with the Solidity programming language. Though since the EVM does not directly compile low-level machine instructions called <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Opcode/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>opcodes</strong></a>, Solidity must be compiled to them manually.</p>\n<p>This programming language is <strong>simple to switch to and use</strong>, especially for individuals with prior programming experience. Solidity is statically typed, which means it checks the program's source code for type mistakes and syntactic difficulties. </p>\n<p>It supports <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-software-library/">libraries, user-defined complex objects, and <strong>inheritance</strong>. In addition, developers are able to design new forms of complex and automated financial, gaming, auction-based, management, and other applications using Solidity.</p>\n<p>Though just like any programming language, <strong>Solidity has some issues</strong>. 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merging with a company that already exists. SPACs are <strong>non-commercial entities</strong> that are often founded by a group of investors (or sponsors) with the goal of pursuing deals in a specific industry.</p>\n<p>The money raised in an IPO by SPACs is placed in an <strong>interest-bearing trust account</strong> and cannot be distributed unless the SPAC completes an acquisition or returns the money to investors if it is liquidated. They serve as a link between the general public and enterprises that have difficulty obtaining cash.</p>\n<p>SPACs are a preferred way for companies to <strong>go public without the hassles of a typical IPO </strong>or an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">initial coin offering (ICO)</strong></a>, and without the substantial market presence that direct listings require. SPACs are more convenient and <strong>faster</strong> because, rather than the night before as it is with typical IPOs, corporations acquire assurances from investors early on at an agreed price.</p>","level":"easy","meta_title":"What is SPAC? Definition & Meaning | Crypto Wiki","meta_description":"SPAC meaning: SPAC - a company that has the goal of raising money through an initial public offering (IPO) or merging with a company that already exists.","meta_keywords":null,"language":"en","created_at":"2022-03-30T09:00:52.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-spac"},"prevSection":{"id":709,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Soft Fork (Blockchain)?","slug":"what-is-soft-fork-blockchain","section":"S","keyword":"Soft Fork (Blockchain)","status":"published","definition":"the modifications made to a blockchain in order to add or remove functionality without initiating any fundamental structural changes.","content":"<p><strong>Soft fork</strong> refers to making modifications to a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain in order to add or remove functionality without making any fundamental structural changes. </p>\n<p>For <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes that decide to follow the new <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-consensus/">consensus rules, prior transactions or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">blocks are made invalid. Though for the nodes that continue to follow the old consensus rules, new transactions and blocks are left valid. Thus, a soft fork is backward-compatible, which distinguishes it from the more well-known <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hard-fork-blockchain/">hard fork</strong></strong></a>, which terminates forward compatibility for all nodes that follow old consensus rules.</p>\n<p>One of the most important aspects of crypto soft forks is that they don't require all miners on the network to agree to run the new code, only the majority of miners need to do that. This enables network upgrades to be completed more quickly and without generating a major schism in the community. </p>\n<p>A soft fork could also be <strong>the result of a miner's error</strong> if old nodes break new regulations that they are unaware of. A hard fork is the only way to reverse a soft fork.</p>\n<p>The blockchains of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum have used <strong>multiple soft forks over the years</strong> to upgrade the network, solve faults, or add functionality. This helped them avoid the more contentious hard fork option that requires compelling all miners to agree on new consensus rules, which risks dividing the network. </p>\n<p>An example of a soft fork would be Ethereum’s Metropolis-Byzantium fork which functioned like an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-operating-system-os/">operating system</strong></a> upgrade.</p>","level":"easy","meta_title":"What is Soft Fork (Blockchain)? Definition & Meaning | Crypto Wiki","meta_description":"Soft Fork (Blockchain) meaning: Soft Fork (Blockchain) - Soft Fork – the modifications made to a blockchain in order to add or remove functionality without initiating any fundamental structural changes.","meta_keywords":null,"language":"en","created_at":"2022-03-30T07:59:47.000000Z","updated_at":"2022-06-28T10:28:36.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-soft-fork-blockchain"},"currentChapter":"S","currentSection":"what-is-solidity","chapterTitle":"S","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-solidity","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter S
What is Solidity?
Solidity MEANING:
Solidity -
a programming language that is mostly used for developing smart contracts on the Ethereum blockchain.
Let's find out Solidity meaning, definition in crypto,
what is Solidity,
and all other detailed facts.
Solidity is an object-orientated programming language. It is mostly used for developing smart contracts on the Ethereum blockchain. Even though in 2014 it was proposed by Polkadot founder Gavin Woods, Solidity was developed by Ethereum and its project team. This programming language is influenced by other popular programming languages such as JavaScript, Python, and C++.
The Ethereum Virtual Machine (EVM), which serves as an abstraction layer between the executing code and the execution machine, interacts with the Solidity programming language. Though since the EVM does not directly compile low-level machine instructions called opcodes, Solidity must be compiled to them manually.
This programming language is simple to switch to and use, especially for individuals with prior programming experience. Solidity is statically typed, which means it checks the program's source code for type mistakes and syntactic difficulties.
It supports libraries, user-defined complex objects, and inheritance. In addition, developers are able to design new forms of complex and automated financial, gaming, auction-based, management, and other applications using Solidity.
Though just like any programming language, Solidity has some issues. To begin with, since blockchains are immutable, a smart contract that has been deployed cannot be removed or modified in any way. This means that every single line of the Solidity code must be flawless, or it is at risk of being hacked or exploited. Besides, the design of Solidity needs to be updated to meet the needs of today’s requirements since it was designed during the time when Ethereum wasn’t deployed.
