what is Solidity?-Definition of all finance terms

Definition of Solidity

Solidity is basically 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 that everyone in the distributed blockchain-based network does not commonly know.

Brief Explanation of Solidity

The purpose of this converting contracts into 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 modifiers.

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