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👉 Learn Blockchain in 30 days with coding challenges
TIMESTAMPS
00:00 Intro
00:10 What is Solidity?
00:48 Pro #1: High demand for Solidity developers
01:36 Pro #2: Make money with grants & hackathons
02:18 Pro #3: Can be used in many Blockchains
02:55 Pro #4: Access to DeFi jobs
03:13 Pro #5: Access to Fullstack Blockchain development jobs
03:41 Pro #6: Access to Smart contract security jobs
04:11 Pro #7: Access to trading bot jobs
04:51 Pro #8: Work in the Ethereum ecosystem
05:17 Pro #9: Work on cutting-edge tech
05:36 Pro #10: Mature development tools
06:12 Pro #11: Build apps without gatekeepers
06:47 Pro #12: Build something you care about
07:43 Con #1: Solidity is a limited language
08:09 Con #2: Cannot do complex logic
08:37 Con #3: Code updates are difficult
09:11 Con #4: Interacting with outside world is difficult
09:40 Con #5: Security challenges
10:16 Con #6: Smart contract testing
11:10 Con #7: Hard to debug
11:30 Con#8: Gas costs
12:01 Con#9: Limited use-case
12:21 Con #10: Legal risks
13:01 Con #11: Recruitment scams
13:42 Con #12: Crypto burnout
14:28 Conclusion: Is it worth it to learn Solidity?
14:49: Learn Solidity with the 30 Day Academy
date : 2024-12-12 19:32:50
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Pros and Cons of Learning Solidity
As a Web3 DeFi tech editor, I’d like to share the advantages and disadvantages of learning Solidity, the most popular programming language for smart contracts. Solidity is a highly sought-after skill, with a high demand for developers, especially in the current bull market. The language is used to build decentralized applications (dApps) on the Ethereum blockchain and other blockchains that run on the Ethereum Virtual Machine (EVM).
Pros:
- High demand for Solidity developers, with salaries ranging from $100,000 to $250,000 per year
- Opportunities to work on grants and hackathons, allowing developers to get paid while learning
- Solidity skills are applicable to many blockchains, including Binance Smart Chain and Polygon
- Unlocking opportunities in DeFi, full-stack blockchain development, smart contract security, and crypto trading bots
- Working in the Ethereum ecosystem, a hub for blockchain innovation and development
- Cutting-edge technology with mature development tools and a community of experienced developers
Cons:
- Limited language features, making it difficult to store large collections or complex logic
- Smart contracts cannot be updated once deployed, requiring careful coding and testing
- Limited interaction with the outside world, requiring workarounds like oracles
- Security challenges, with the potential for large-scale hacks and financial losses
- Mandatory testing, with a focus on 100% coverage and debugging difficulties
- Gas cost and optimization requirements for transaction fees
- Limited use outside of the blockchain, with a narrow focus on Ethereum-based applications
- Legal risks, such as regulatory issues and potential lawsuits
- Recruitment scams and the risk of malware attacks
- Burnout potential in the fast-paced and ever-changing crypto world
- Cyclical market fluctuations, with periods of high demand and low demand
Overall, while there are some challenges to learning Solidity, the pros outweigh the cons, making it a valuable skill for developers interested in Web3 and blockchain technology.
