What is Solidity?

what is Solidity?-Definition of all finance terms

Definition of Solidity

Solidity is basically is a high-level language,  which is used in implementing smart contracts in an ethereum virtual machine.  It’s a contract-oriented and statically typed language which is not commonly known by everyone in the distributed block chain based network.

Breif Explanation of Solidity

The purpose of this converting contracts in a different or high-level language is to secure the data in a network. This high level of language is not commonly or easily readable by everyone.Each contract can contain a declaration of different variables.  These variables include state variables, functions and function modifier.

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