Solidity
By CoinGecko | Updated on Mar 03, 2020
Solidity is a statically-typed programming language designed for developing smart contracts that run on the EVM. With Solidity, developers are able to write applications that implement self-enforcing business logic embodied in smart contracts, leaving a non-repudiable and authoritative record of transactions
Related Terms
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
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