Uploaded on Jul 24, 2020
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Blockchain and Cryptocurrency: How Blockchain And Cryptocurrency Relate to Each Other_
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Blockchain and Cryptocurrency:How Blockchain
And Cryptocurrency Relate to Each Other
Even if you have rudimentary knowledge about technology, then you would have
come across Blockchain and cryptocurrencies. These two transformational
changes in technology have brought positive disruption across the different
business domains. This growing impact of Blockchain has led to the rise in the
demand for Blockchain professionals or individuals who have Blockchain
certification.
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Well, there is a lot to be explored in this field. Blockchain is at the nascent stage,
and a lot of new developments are taking place, so there is going to demand
Blockchain professionals. They can help in leveraging this technology and making
further changes.
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When we talk about Blockchain, then we cannot skip mentioning cryptocurrencies.
Both these terms are interrelated. Let's explore how both these are co-related.
Blockchain and Cryptocurrency:
To understand the association between these two, it is essential to know about
Blockchain and cryptocurrencies concepts.
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The world got to know about the concept of Cryptocurrency in the year 2009 when
Bitcoin was introduced. After that, a lot of new digital currencies have made their
way. Today around 5000 cryptocurrencies are circulating in the market.
Blockchain forms the underlying framework for cryptocurrency exchange.
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It is a decentralized platform that allows the exchange of currencies without third-
party interference. There are several other features like immutability, data security,
peer-to-peer interaction that Blockchain offers, which makes cryptocurrency
exchange faster and secure.
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The changes started to come in when Blockchain emerged as a mainstream
technology. Blockchain finds a multitude of uses, and its application is not limited
to a cryptocurrency exchange.
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Blockchain technology provides the platform for the exchange of Cryptocurrency,
and each of the transactions is time-stamped. Every transaction in DLT is
approved by a consensus algorithm like proof of work, proof of stake, etc.
Although Blockchain finds several use cases in different industries, we cannot
miss mentioning that Cryptocurrency is the first application that brought in the
wave of change. The use of cryptocurrency triggered the digital financial
revolution.
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The use of the digital platform for transactions had long been in use, but again the
vulnerabilities of the conventional system are the biggest problem faced by
different industries. The use of cryptocurrency and Blockchain combats all these
challenges by providing a faster, cost-effective, and safe mode of transactions.
If we have to sum this in simple words, Blockchain is the framework that aids the
cryptocurrency exchange process.
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The future:
From the above information, we can conclude that Blockchain and
Cryptocurrency, the initial deposit phase of resilience, have managed to survive.
Blockchain has emerged as a mainstream technology that is also assisting other
businesses.All this has made Blockchain technology as a good career option. If
you are also willing to become a Blockchain expert or make an excellent
Blockchain career, Blockchain certification is necessary.
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Blockchain Council is a renowned platform providing all the certification and
Blockchain courses that will help you make an established career in this field.
For more information on Blockchain courses, connect with Blockchain Council
today.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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THANK YOU!
Any questions?
You can mail us at
[email protected]
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