- What Is Blockchain Technology: Understanding in Layman’s Language
- What Are the Benefits of Using Blockchain in App Development?
- Blockchain App Development Languages for an Engaging Solution
In recent years, investors around the world have shown a keen interest in cryptocurrency and NFTs. The technology that drives these new assets is Blockchain.
A lot has already been written and said about the technology in terms of its pros and cons. And not just that, the technology has been very transparent in terms of the solutions that it brings to the screen.
- For now, more than 60% of the financial sector is driven by blockchain’s worldwide market value.
- When talking about the market size of blockchain technology, it is expected to reach the mark of $7.59 billion by 2024. This sums to the compound growth of 37.4% annually.
- The technology has marked its presence in industries, from financial services, through consumer and industrial goods, all the way to media, telecom, transport, healthcare, and public services.
These are a few numbers that are enough to reveal how technology is expanding and what the future has for it.
If you are looking forward to building a solution that can help you stand in the market and leverage the power of technology to earn profits then you are at the right place. All you need to do is start with making a blockchain app. Before we get into the development part, let’s talk about the technology and what is making it the new buzz in the town.
What Is Blockchain Technology: Understanding in Layman’s Language
Blockchain technology is basically a well-defined structure that stores the transactional records or the blocks over several databases or the chains over the network that are connected to peer-to-peer nodes. This is basically the “Digital Ledger” that is distributed over the systems. You can think of blockchain as the basic database that is used instead of spreadsheets. The database is basically the collection of data that is saved electronically on a computer for ease of sorting and understanding. Generally, here the data or the information addressed is arranged in a tabular form to make it easier to filter and search for specific information in a database.
You must be thinking why use a database if spreadsheets are available. Well, a very simple reason is that spreadsheets are designed to be used by individuals or small groups of people. It stores a little amount of data and allows only limited access to it.
Whereas, when we build a database, we can store a massive quantity of data that can be filtered, accessed, and changed quickly by any number of users at the same time.
Blockchain underpins digital currencies such as Bitcoin, Ethereum, and Litecoin, allowing for a more secure and transparent payment method. It eliminated the need for a middleman in this way.
Furthermore, Blockchain allows for the storage of an unchangeable and transparent record of transactional digital information, as well as the prevention of unauthorized modification.
Now that you have an idea of how blockchain is making things easier for us, let’s move to the next part. Before we understand the development and the working of the Blockchain, let’s see what makes Blockchain app development a very sought-after choice.
What Are the Benefits of Using Blockchain in App Development?
We understand that blockchain technology for app development is growing in popularity, and has a strong impact on ample industries in the market. Real estate, healthcare, education, and banking are just a few of the areas that blockchain has already altered, but there are many more.
After defining the functioning and the working of various industries, we can see how blockchain has now gradually seeped into the mobile app development segment. The decentralized structure of the technology can help the developers and the app users & owners to leverage its power to fix the challenges that the development industry may face.
Here’s a Quick Look at the Ways That Blockchain Helps with App Development
1. Technology with Ease of Implementation
It can be tough to create a new blockchain, but it is quite simple to implement. It cuts down on app development time, resulting in lower app development costs. Using the technology is expected to save time in all the industries it is being implemented in.
2. Exceptional Reliability
The finest blockchain technology has a stable and trustworthy infrastructure. Because blockchain nodes are distributed globally and are in sync with one another, it assures that identical data is transferred across a variety of devices in diverse contexts.
The risk of unexpected crashes and collapses is reduced due to the decentralized architecture.
3. Financial Institutions’ Favorite
Blockchain technology has the capability of storing data indefinitely, which can be retrieved at any time and from any location but cannot be changed. As a result, mobile apps for financial institutions leverage the power of security of the technology to avoid frauds and thefts.
4. Identifies In-App Purchases Issues
The process of completing in-app purchases is always a difficulty for the majority of consumers. The issue is always with the procedure. It requires customers to pay using payment methods that they do not have access to. Users obtain app coins through a reward system, in which developers award coins to users for purchasing in-app products and frequent use.
Using a mobile phone is no longer rocket science; people find it simple to operate a phone, but they still lack a place to make in-app purchases.
On the other hand, if the app requires users to use their credit cards to make in-app transactions, customers may feel uncomfortable sharing personal and other sensitive information.
As a result, blockchain emerges as a savior. It simplifies in-app transactions by allowing users to pay with app coins rather than credit cards.
5. Create a Marketing Strategy
To reach a larger audience, developers are now investing in cost-per-instalment ad campaigns. However, in that situation, the profit is split among a number of intermediaries. As a result, developers’ earnings are diminished.
In this case, Blockchain replaces this paradigm with a cost-per-attention model, in which users are rewarded with app coins for the time they spend brainstorming app ideas. It eliminates the need for a middleman to boost app income. Users receive coins as a reward, which they can then use to make in-app purchases.
6. Simplify the Process of App Approval and Updates
The Google Play Store and Apple Store are solely responsible for non-transparent app approval and updating processes. Mobile app developers are perplexed by the unclear number of days and QA policies they follow, which results in app rejection without explanation.
In this case, the app launch process is completely transparent thanks to Blockchain, an open-source platform. When developers publish programmes, an anti-malware engine checks them for infection.
The program is then temporarily held until it is selected for manual review, after which the app signature is validated. The app is now made available for download. With Blockchain, the entire approval or update procedure can be done in a matter of hours.
7. Preventing System Failures
When the system fails, the developers are completely unaware. They don’t even have any hints as to what’s causing the crashes.
Let’s consider that the developers are unable to determine the cause of the system crash, whether it is due to faults, defects, attacks, or a large number of concurrent requests. In fact, the time it takes them to catch up with the vulnerabilities is frequently long enough for the infection to consume everything.
Here, blockchain helps to avoid such errors or attacks by providing a transparent framework that keeps data as records that users can easily trace. When someone tries to make illegal changes to fraudulent transactions, it always fails on the first try. The reason for this is that the blockchain prohibits the creation of new blocks or changes to existing ones.
These are the most dominant reasons why Blockchain app development is the technology that the world is looking forward to. We have upscaled our team and have delivered some of the best solutions.
When talking about blockchain mobile app development the language plays an important role.
Not sure what language to use? Well, here’s a list of the languages you can use for blockchain development.
Blockchain App Development Languages for an Engaging Solution
If you are a beginner, then Python is one of the top programming languages for Blockchain. As Python uses an interpreted language format thus, it can make performing complex cryptographic operations on a blockchain quite easier.
Despite its performance-enhancing overheads, this object-oriented language is very comprehensive and easy to use. You can also create a prototype for your idea without having to do any complicated coding. The language offers an open-source integration, plugins, and libraries making it user-friendly and popular among the developers.
Java is one of the most commonly used Blockchain programming languages, with a large user base and a high level of stability. This blockchain development language allows developers to effortlessly design distinctive money-making apps without having to worry about their internal architecture. Because of its Write Once, Run Anywhere (WORA) feature, Java programs are easily adaptable to a variety of systems. The Java APIs are packed with Java-centric interfaces, packages, and classes that make the development process quite simpler.
Java programming is concerned with the universal JVM, or Java Virtual Machine, rather than with system-level architecture.
Not as popular as its counterpart, the language is backed by some of the top developers around the world. Due to the features the language offers, blockchain development companies employ it to establish projects. High scalability, unrivalled back-end capabilities, improved fault tolerance, and immutability are among them. As a result, it is beneficial to the peer-to-peer network.
And yes, the jack of all is here.
The popularity of the language is reflected in the fact that around 9.7 million developers would have worked on the language at least once during their development career.
- Lisk’s: A popular blockchain development platform SDK (Sidechain Development Kit) that is developed using JS programming languages. Easy to use and interactive, that makes the development process a little easier and more comprehensive.
This language is an object-oriented programming language that works with the .NET framework compatibility developers use to create scalable apps. If we dig into the history of the application it dates back to 2000. The language since then has been used for robust cross-platform development. Thus, the language can be used to work on various OS types, like Android, Mac, Windows, and Linux. Thus, with ease, scalability, and flexibility the application also offers ease to connect and understand the solutions.
- Neo: This blockchain project makes use of C#, Java, JS, Go, and Python.
- Stratis: This is a Blockchain as a Service Provider platform by Microsoft
This veteran language is one of the oldest and the most popular on the list. PHP or Hypertext Preprocessor can easily be used with various blockchain solutions despite its complexity. The language is expansive and has an object-oriented structure. The language has seen great popularity and is used by almost every developer who has worked on such solutions.
Who isn’t aware of the language? The language is one of the most popular and renowned general-purpose coding languages and has around 4.4 million users in the development domain. The best part about using the language is that it can be used by naive developers easily and can manage resource-intensive apps easily.
This language can easily be used to develop games and interactive applications.
This is another blockchain programming platform that can be used to develop complex solutions. The platform is quite popular among developers because of its flexible and scalable features. One can run big-scale apps over blockchain platforms with this language. Since the language has been in existence for time immemorial, one can easily implement it with other languages if required to work on complex solutions.
Another dominant blockchain programming language includes the functional features, although it is complicated to understand initially. The best part of the application is that it is Python and JS-based, which adds to the scalability, user-friendliness, and speed of solutions on which the GO is used.
- GO- Hyperledger Fabric and Go-Ethereum are the dominant blockchain solutions that run on the language.
The language basically works as the EVM and operates with various programming languages for Blockchain within its capacity. The most common languages that are implemented here are C++, Ruby, Java, Python, and GO. In this case, the programming language that you need to work on is the JS and the runtime environment of Ethereum via script execution.
Rholang is a functional programming language that is one of the Blockchain programming languages. It examines the app initially as a collection of functions. It then solves them in order. It’s mostly used by developers to construct smart contracts and other high-level blockchain projects.
Read Also: What Makes Biggies Like Google, Instagram and Facebook to Use Python Most Favorite Programming Language?
CX is one of the most powerful programming languages for easily acting as a contractual digital intermediate. It has a number of important features, including an easy error management process and access to propelled cuts, arrays, and pointers. It can assemble over the GO programming language, and users can skip code execution steps that aren’t required. CX is also simple to integrate with OpenGL.
Vyper is a relatively young but effective programming language for Blockchain. Because Vyper is a subset of Python, its syntax is comparable to that of Python 3. This can be used as a replacement for Solidity and is compatible with EVM. Vyper has a unique control structure that includes recursive calling, modifiers, and endless loops.
The syntax of this open-source Blockchain programming language is similar to that of C. Golang is simple to understand and use for developers, and it is as simple to use for testing professionals. According to statistics, Golang is used by 800,000 or more developers.
- HyperLedger Fabric: Golang is used to develop smart contracts with HyperLedger Fabric compatibility or chain codes.
This is one of the top programming languages of recent times. It came into the picture as a dominating solution to create smart contracts that work on EVM or Ethereum Virtual Machine. When talking about the solutions that your blockchain developers can work on while coding with Solidity, compatible with Ethereum, Solidity does get a point.
With the unique features that the application offers like static typing and variadic return variations, the language is a dominating and engaging choice for the users. We have been using similar solutions to make sure that you get the best results in no time.
One of the best high-level blockchain app development languages that can be used for coding smart contracts in various different programming languages for the available solution. It is commonly used by Open-source developers and professional programmers to build solutions over the blockchain. The language decreases the complexity of the Bitcoin Script functionality. When the developers are working on the language the time required for an activity is much lesser than the other languages. Simplicity is basically a bitcoin-based blockchain solution that can work with the Elements platform as well.
These are some of the best languages that you can use for your blockchain app development process. We have been in the business for a while and would suggest sharing your business objectives and vision to make sure that we can help you make the right choice.