Solidity. Solidity is a programming language for implementing smart contracts on various blockchain platforms, most notably, Ethereum. Solidity is licensed under GNU General Public License v3.0. Solidity was designed by Gavin Wood and developed by Christian Reitwiessner, Alex Beregszaszi, and several former Ethereum core contributors. Programs in Solidity run on Ethereum Virtual Machine or on compatible virtual machines.

History
Solidity was proposed in August 2014 by Gavin Wood The language was later developed by the Ethereum project's Solidity team, led by Christian Reitwiessner.

Solidity is the primary language used to develop smart contracts for Ethereum as well as other private blockchains, such as the enterprise-oriented Hyperledger Fabric blockchain. SWIFT deployed a proof of concept using Solidity running on Hyperledger Fabric.

Description 
Solidity is a statically typed programming language designed for developing smart contracts that run on the Ethereum Virtual Machine (EVM) or compatible virtual machines.

Solidity uses ECMAScript-like syntax which makes it familiar for existing web developers; however unlike ECMAScript it has static typing and variadic return types. Solidity is different from other EVM-targeting languages such as Serpent and Mutan in some important ways. It supports complex member variables for smart contracts, including arbitrarily hierarchical mappings and structs. Solidity smart contract support inheritance, including multiple inheritance with C3 linearization. Solidity introduces an application binary interface (ABI) that facilitates multiple type-safe functions within a single smart contract (this was also later supported by Serpent). The Solidity proposal also includes "Natural Language Specification", a documentation system for specifying user-centric descriptions of the ramifications of method-calls.

Example of a Solidity program:
// SPDX-License-Identifier: GPL-3.0
pragma solidity ^0.8.4;

contract Coin {
    // The keyword "public" makes variables
    // accessible from other contracts
    address public minter;
    mapping(address => uint) public balances;

    // Events allow clients to react to specific
    // contract changes you declare
    event Sent(address from, address to, uint amount);

    // Constructor code is only run when the contract
    // is created
    constructor() {
        minter = msg.sender;
    }

    // Sends an amount of newly created coins to an address
    // Can only be called by the contract creator
    function mint(address receiver, uint amount) public {
        require(msg.sender == minter);
        balances[receiver] += amount;
    }

    // Errors allow you to provide information about
    // why an operation failed. They are returned
    // to the caller of the function.
    error InsufficientBalance(uint requested, uint available);

    // Sends an amount of existing coins
    // from any caller to an address
    function send(address receiver, uint amount) public {
        if (amount > balances[msg.sender])
            revert InsufficientBalance({
                requested: amount,
                available: balances[msg.sender]
            });

        balances[msg.sender] -= amount;
        balances[receiver] += amount;
        emit Sent(msg.sender, receiver, amount);
    }
}

Development IDEs
  Microsoft Visual Studio Code
  JetBrains IntelliJ
 Remix Online Editor
 EthFiddle Online Editor

Editor extensions
 Solidity Support for Visual Studio Code
 Solidity Support For IntelliJ

Blockchain platforms
Solidity is available on:
 Avalanche C-Chain
 Binance Smart Chain
 Counterparty (which runs on Bitcoin)
 Ethereum
 Ethereum Classic
 Tron
 Hedera Hashgraph
 Polygon
 Metis
 Arbitrum
 Optimism

Criticism
Many security properties of smart contracts are inherently difficult to reason about directly, and the Turing-completeness of Solidity means that verification of arbitrary properties cannot be decidably automated. Current automated solutions for smart contract security analysis can miss critical violations, produce false positives, and fail to achieve sufficient code coverage on realistic contracts. Solidity has been blamed for the error-prone implementation of Ethereum smart contracts due to its counterintuitive nature, its lack of constructs to deal with blockchain domain-specific aspects, and its lack of centralized documentation of known vulnerabilities.

In 2016, a Cornell University researcher stated that Solidity was partially to blame for The DAO hack that took place that year. He stated: "this was actually not a flaw or exploit in the DAO contract itself: technically the Ethereum Virtual Machine (EVM) was operating as intended, but Solidity was introducing security flaws into contracts that were not only missed by the community, but missed by the designers of the language themselves."

The developers community often cites Solidity requiring much of third party interfaces and APIs, and its inability to create critical information intensive smart contracts.

Comparison with other smart contract languages

Solidity vs. Rust 
Solidity is the primary programming language for developing smart contracts on the Ethereum Virtual Machine (EVM). However, Rust has emerged as a strong alternative in the blockchain ecosystem, especially for blockchains that support WebAssembly (Wasm), such as Polkadot, Klever and Solana.

Memory safety 
Rust offers built-in memory safety features that prevent common programming errors, such as null pointer dereferencing and buffer overflows, which are not as rigorously enforced in Solidity. This makes Rust contracts potentially less prone to security vulnerabilities that could be exploited in smart contract environments.

Concurrency 
Rust supports concurrent programming, which allows developers to write highly performant code that can handle multiple tasks simultaneously. This is particularly beneficial for high-performance blockchains like Solana, which need to process thousands of transactions per second. Solidity, on the other hand, does not natively support concurrency, which can limit its performance in certain applications.

Ecosystem integration 
While Solidity is deeply integrated with the Ethereum ecosystem and its numerous development tools, Rust is versatile and can be used across various blockchain platforms that leverage Wasm. Rust’s growing popularity is reflected in its adoption by new blockchain projects that prioritize performance and security.

References

Domain-specific programming languages
Statically typed programming languages
Ethereum