If you’re reading this, then chances are you aren’t living under a rock. You must have heard about Blockchain before as the term is being tossed around in IT circles like it’s the next big thing. Well, the technology isn’t just the next big thing, it might actually change the very landscapes of how businesses operate. Naturally, the question arises like what are the top programming languages for Blockchain Development?
Learn from Statistics
In 2020, Blockchain’s global market is estimated to stand at $3 billion, however by the end of 2025 the market is expected to reach a staggering $39.7 billion. The fact that the global market is expected to witness a growth rate of 67% only means one thing. Blockchain in the next half a decade will be a dominating force and will be adopted by nearly all industries to some certain extent at least.
Its decentralized, immutable nature paves way for an improved course of application development. Countless applications under Blockchain’s technology have already been devised such as cryptocurrency exchange platforms like Circle or even music apps like Spotify have shifted towards a decentralized platform for maintaining their artist’s records transparent.
If you’re looking to invest in Blockchain for application development, then this is the right time. But before jumping on the bandwagon, you should take a look at some of the best programming languages for Blockchain development:
Java has plenty of features that make it one of the best programming languages for Blockchain Development. The most significant feature however is its portability. Java developed programs can easily be ported on other platforms due to its functionality. Another feature that makes Java suitable in Blockchain development is the fact that it can handle a significant number of users which is an essential requirement of a Blockchain network.
If you have been following Blockchain then we’re pretty sure you’d know about Solidity’s role in the world of Blockchain. Solidity was one of the first languages adopted by Blockchain developers and it was even used in the development of Smart Contracts. Smart Contracts are used in a wide range of business operations and they were developed through Blockchain as a way to create a digitally secured legal document. Fun fact, Solidity itself was created by Ethereum which is a Blockchain Development company. With features like static typing and an object-oriented approach, it is one of the best programming languages for Blockchain development.
Python is without a doubt one of the most popular and widely used programming languages in the world. Its efficacy in Blockchain development is equally significant as it is open source which allows developers to gain access to a wide range of tools that can be used in Blockchain development. Furthermore, Python is object oriented which means that it involves a paradigm which can be used to create a block for storing data. There is one downside to Python though, as it is an interpretive language, addressing complex cryptographic problems can occur.
Do you know which programming language was used to develop Bitcoin? Well, it was C++ and there’s a reason behind it. C++ is firstly object oriented which offers developers the ability to create a seamless data chain. The language allows developers to use data from the hash of each block to interlink with other blocks in a methodical way. This feature however is not the only one which makes C++ a highly effective language, its ability to process and integrate at a faster pace gives it a commanding memory control.
The above mentioned programming languages for Blockchain development have their own specialty. The fact is you should clear your mind and understand what your requirements are. Once the requirements are clear, you can decide from the above mentioned programming languages. One thing is for sure, Blockchain application development is on the rise and its time you capitalize on the market!