Uploaded on May 5, 2020
All these factors make Blockchain an inevitable technology. In fact, it has also become a lucrative career option. If you, too, are willing to become a Blockchain expert, then you can consider investing in the Blockchain certification program by Blockchain Council and open new avenues of growth for yourself
Top 5 Key Blockchain Features You Need to Know About
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Top 5 Key Blockchain Feature You Need To
Know About
Blockchain is a trendsetting technology that has paved the way for a lot of
developments. Being a decade old now, it has made its way across to the different
sectors. Initially, Blockchain started off in 2009 as the underlying framework for
Bitcoin. However, over a period of time, Blockchain evolved as the mainstream
technology, and now it finds myriads of applications.
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If you are a technocrat, then you would understand that every digital platform
needs to be absolutely safe for the users. The conventional technology that we are
working on is not able to provide the right kind of support, which actually becomes
a hurdle in the mass usage of digital media. With the intervention of Blockchain,
we can expect this to change and hence, come up with systems that are safer and
easy to use. So, let’s explore how Blockchain is going to drive change in the world.
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What Makes Blockchain So Different?
Many are still unaware of the potential that Blockchain technology holds. It is a
breakthrough technology that is slowly paving the way for a lot of developments. In
a real scenario, Blockchain is eliminating the drawbacks of the conventional
technology, thereby becoming a great solution provider to the problems that exist
in the current system.
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Here Are Some Of The Key Features That Make Blockchain Inevitable:
1. Decentralization- One of the key things that differentiate Blockchain from other
technologies is decentralization. It means that the data is not stored at a
centralized location, rather it is distributed, which makes accessibility easy. Even
in case of server failure, you don’t have to worry about losing the data. It remains
safe and easily accessible.
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2. No third-party interference- It means that there is no third party involvement.
With this, it becomes easier to achieve faster transactions without having the need
for verification and validation. This will eventually prove helpful in the faster
transaction and also saves the cost as you don’t have to pay to the third party.
This feature of Blockchain can prove helpful to the SMEs, banks, and other
financial institutions.
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3. Cryptography- You would know that any data that once gets fed in the DLT
become immutable and free from alteration. It is because all the data is encrypted
cryptographically, thus assuring that no one can alter the data or change it. Also, it
becomes important to mention here that every transaction in Blockchain gets
stored as Block. Now each block is linked to another; hence if there is a change in
one Block, the other will get impacted. Hence, it becomes evident that there has
been some alteration with the data. All these factors thereby ensure better
surveillance of the data.
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4. Faster settlement- This point comes from the fact that Blockchain doesn’t have
third-party involvement. It means that there will be no wastage of time, which
otherwise goes in validation and verification of information. Thereby guaranteeing
faster settlement.
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5. Smart Contracts- It is one of the greatest advantages of Blockchain.
Smart Contracts are pre-programmed contracts with certain conditions. Once
these conditions are fulfilled, the contract is executed. With this, you can expect
faster execution of the agreement, thereby ensuring that parties get the payment
without delay.
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All these factors make Blockchain an inevitable technology. In fact, it has also
become a lucrative career option. If you, too, are willing to become a Blockchain
expert, then you can consider investing in the Blockchain certification program by
Blockchain Council and open new avenues of growth for yourself.
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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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