As a mature sector, blockchain already has several competing ecosystems that control the market and set the parameters of your future project.
Ethereum, Binance Smart Chain, Polygon, Avalanche, etc., are examples of the many EVM blockchains in operation. Next, two sizable initiatives bridge different ecosystems via interoperability: Polkadot and Cosmos. Both of these initiatives are built on the Cosmos SDK. In addition, there is a whole family of Bitcoin forks and altchains to consider, not to mention some new, fast-paced ecosystems (Solana or Secret Network), an independent DFINITY, and the relatively elderly but still worthwhile ecosystems of Telos and EOS.
Spending on blockchain solutions globally hit $6.6B in 2021 and is expected to quadruple by 2024. That’s why it’s important to plan for the future of your product’s technological stack if you want to keep it at the top of the charts and attract a large number of consumers throughout the globe.
Various programming languages are used in these blockchains and frameworks, and your experience with them may vary depending on the ecosystem you choose for your project. The most difficult part is deciding which is the best for you.
For this reason, we will discuss some of the best blockchain programming languages to create a timeless product. We will discuss the advantages and disadvantages of different languages and their development and use over time. Hopefully, this will help in your decision-making and lead you to a competent group capable of assisting you in creating a remarkable product.
The 3 best languages for creating smart contracts and blockchain technology
So now we get to the good part; we’ll discuss the most useful languages currently used to create smart contracts and decentralized applications (dApps) on the blockchain. Select the language you’ll be working in with care, and be sure to staff your team with seasoned programmers who can help you maximize its potential.
Rust – The best blockchain programming language
The multi-paradigm programming language Rust was developed with the dual goals of improving program speed and security. It has an approachable compiler with informative error messages, extensive documentation, and various useful tools.
As a result of its ease of use and popularity, Rust has emerged as the go-to crypto programming language for smart contract development, as it fosters effective teamwork across project teams and welcomes contributions from open-source programmers interested in improving the protocol. Rust is a programming language that combines technical capability and coding expertise, allowing developers to easily and efficiently handle low-level details.
Furthermore, Rust allows top-notch speed and stability through the real-time compiler that verifies the code by adding features and refactoring. As a result, this language meets, and even exceeds, all the fundamental needs of blockchain development.
The benefits of Rust
- Direct guidance for development;
- No-cost abstractions;
- Memory Efficiency;
- Concurrent opportunities;
- Management of transitional conditions.
Examples of Rust Blockchains
Solana is the fastest-growing cryptocurrency ecosystem because of its high-performance blockchain. It allows for fast transactions at a minimal cost (less than $0.01 for developers and consumers) (400 millisecond block time).
Substrate is an open-source blockchain platform that simplifies creating specialized blockchains for any application.
NEAR is a comprehensive ecosystem consisting of a sharded proof-of-stake layer-one blockchain, a Foundation, and a sizable community of developers, entrepreneurs, and artists.
Parity.io is a blockchain infrastructure for the distributed web that ushers in Web 3.0 by making it easy for protocols to work at scale.
Polkadot is a blockchain network that allows for cross-chain interoperability and scalability, and it is built on the principles of Web 3.0 decentralization.
If you’re interested in developing for Solana or NEAR or want to work with fast networks and novel ideas in the blockchain business, then Rust is the right choice for you.
Go (also known as Golang) is an open-source programming language developed by Google based on the C language.
Golang is one of the greatest blockchain languages because of its rapid compilation time and user-friendly syntax. It’s a single language that allows for concurrent programming, which is useful for many groups. Furthermore, it is efficient compared to other blockchain coding languages, particularly older ones, and is straightforward to maintain over time.
The benefits of Go
- Excellent accessibility, Readability, and Usability;
- Fast operation; little effort over time; resource conservation;
- Apt for use in high-performance applications and decentralized systems.
Go-Ethereum is one of the three original languages used to develop the Ethereum protocol, alongside C++ and Python. Currently, it may be used as a library in Go, Android, or iOS apps or as a standalone client known as Geth.
Cosmos is a growing community of networked applications and services linked by IBC, the Inter-Blockchain Communication protocol.
The Hyperledger Fabric is a blockchain infrastructure maintained by The Linux Foundation. Its adaptability and modularity make it suitable for many blockchain applications.
Go is your best option if you need a programming language that can be used in EVM chains and new alternative chains.
Many well-known projects have employed C++, one of the oldest general-purpose programming languages, in their blockchain implementations.
Even though C++’s initial usage dates back to 1985, it continues to find widespread use among blockchain engineers and DeFi manufacturers. In particular, its great efficiency, code separation, and compile-time polymorphism make it an attractive choice for any blockchain project.
The benefits of C++
Optimization of processing time and memory use;
Flexibility in using serial or parallel processing;
Move semantics as an option for efficient data copying; Compile-time polymorphism to boost efficiency; Code isolation across various data structures; etc.
Bitcoin is the pioneering blockchain technology and the first digital money. Bitcoin, the first decentralized digital currency, has risen above the $60,000 threshold and is expected to continue doing so.
Litecoin is the second-oldest cryptocurrency, behind Bitcoin itself, and was one of the first “altcoins” to emerge.
Ripple is a major blockchain solution provider that has developed, among other things, a real-time gross settlement system, a currency exchange, and a remittance network.
Stellar is an open-source payment and currency network that includes a decentralized exchange and a wallet, allowing instantaneous trading of cryptocurrencies, foreign exchange, and even stocks and bonds.
EOS is an open blockchain system that facilitates the creation, hosting, and operation of decentralized applications (dApps). EOS is designed to be highly scalable and adaptable, with the capacity to process millions of transactions per second.
If you need a tried-and-true language that many blockchain programmers are familiar with, C++ is a good option. It’s useful for creating smart contracts and blockchains.
There are several notable ecosystems to pick from when creating blockchain solutions, each supporting various programming languages. It’s not the simplest decision, but picking an ecosystem as a starting point will help the rest of the process go more easily. In any case, it’s important to remember that ecosystem selection also enforces the coding language and a specific degree of skill.