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Procedural Programming Meaning

Procedural programming is a programming paradigm that follows a linear, top-down approach based on the concept of Procedure Calls. It breaks a program into a series of Procedures or Functions that are executed in a specific order to perform a task. It focuses on the Logic and the Action (the How) rather than the Data itself.

Languages like C, Fortran, and Pascal are classic examples of procedural programming.In the context of Fintech and Smart Contracts, procedural programming is often contrasted with Object-Oriented Programming (OOP) or Functional Programming. While a procedural approach is very efficient and easy for a machine to understand, it can become Cluttered and Hard to Maintain as a program grows in complexity. If a developer wants to change one part of a Financial Algorithm, a procedural design might require them to rewrite large sections of the code.Many early banking systems were written in procedural languages like COBOL.

Because these systems are Mission-Critical and Battle-Tested, many banks still use them today, creating a Legacy Code challenge. Modern fintech startups use newer paradigms that allow for Modular code, where different parts of a Payment Engine can be updated independently without breaking the whole system.

This Agility is what allows fintechs to Innovate faster than traditional banks.For Blockchain Developers, the choice of paradigm is a technical one. Ethereum’s language, Solidity, is primarily Object-Oriented, which helps with managing complex Token Standards.

However, some newer blockchains use languages like Rust, which allows for a more Procedural and Memory-Efficient approach. Understanding these paradigms is vital for Smart Contract Auditing, as Logic Errors in the way functions are called are a common source of Hacks and Exploits in the DeFi space.

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Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

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