When people think of programming, they often think of static languages like JavaScript or Java. However, there are different kinds of programming languages that are more suited to specific uses and less prone to bugs or errors in execution. Solidity, for example, is the programming language most commonly used by companies that want to run smart contracts on the Ethereum blockchain. Solidity development isn’t an easy task, though; it requires some advanced skills in computer science and cryptography in order to write Solidity code effectively.
1) Ease of use
One of solidity’s biggest advantages is its ease of use. Solidity is essentially a way to write if/then statements in a language that computers can understand and execute. It doesn’t require any advanced mathematical background to learn, meaning that even programmers with only basic software development skills can easily pick it up.
2) Security
Security is one of Ethereum’s primary concerns. Even with a solidity development company handling your smart contract, you want to take security into your own hands. The best way to do that is by practicing good cyber hygiene. And, yes, that means employing antivirus software and keeping up-to-date on patches and updates. But it also means choosing secure passwords—and never using those same passwords across different platforms or accounts—and employing multifactor authentication whenever possible.
3) Maintainability
Development is often a matter of adding features on top of features. But once you’ve built your application, you’ll need to maintain it. This means that you’ll need to keep in mind how easy or difficult it will be to change things later when adding new features, or when making changes due to bug fixes. When looking at potential solidity development companies, consider whether they have experience writing code that’s easy to maintain.
4) Transaction costs
If a company is looking to hire outside contractors, transaction costs can be high. All too often, companies attempt to save money and hire an overseas contractor rather than a local one. In reality, it’s generally more expensive in terms of both time and money to do so. A solidity development company will likely charge you less in transaction costs than if you were looking at hiring from overseas.
Conclusion
Smart contracts are turning out to be one of the most useful aspects of blockchain technology. The benefits it offers, especially from a business point of view, are immense. Since smart contracts can do away with third parties or centralized bodies, there is no need to spend extra on their services. If you want to keep your company afloat and expand in scale globally, hire solidity developers so that you can make your smart contract work for you.
