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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

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Related Terms

Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
Second-Layer Solutions
Secondary network or framework built atop an existing blockchain to address transaction speed and scalability issues.
Transactions per second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
Central Ledger
Central data repository of a company or bank
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