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Blockchain Technology

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    Although most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, blockchain offers security that is useful in many other ways. In the simplest of terms, blockchain can be described as data you can only add to, not take away from or change. Hence the term "chain" because you're making a chain of data. Not being able to change the previous blocks is what makes it so secure. In addition, blockchains are consensus-driven, so on one entity can take control of the data. With blockchains, you don't need a trusted third party to oversee or validate transactions. Several industries are involving and implementing blockchain, and as the use of blockchain technology increases, so too does the demand for skilled professionals. From a birds eye view, a blockchain developer specializes in developing and implementing architecture and solutions using blockchain technology. the average yearly salary of a blockchain developer is Rs. 469k If you ar...

Blockchain Technology

Image
    Although most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, blockchain offers security that is useful in many other ways. In the simplest of terms, blockchain can be described as data you can only add to, not take away from or change. Hence the term "chain" because you're making a chain of data. Not being able to change the previous blocks is what makes it so secure. In addition, blockchains are consensus-driven, so on one entity can take control of the data. With blockchains, you don't need a trusted third party to oversee or validate transactions. Several industries are involving and implementing blockchain, and as the use of blockchain technology increases, so too does the demand for skilled professionals. From a birds eye view, a blockchain developer specializes in developing and implementing architecture and solutions using blockchain technology. the average yearly salary of a blockchain developer is Rs. 469k If you ar...

Crypto - The Digital Currency

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  What is Cryptocurrency ? A cryptocurrency is a digital or virtual currency that is secured by cryptography (sort of coding) , which makes it almost impossible to counterfeit or double spend. Many cryptocurrencies are decentralized networks based on BLOCKCHAIN technology - a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering the theoretically immune to government interference or manipulation. Understanding Cryptocurrencies Cryptocurrencies are system that allow for secure payments online which are denominated in terms of virtual "tokens", which are represented by ledger entries internal to the system. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions. Types of Cryptocurrency The first blockchain-...

Crypto - The Digital Currency

Image
  What is Cryptocurrency ? A cryptocurrency is a digital or virtual currency that is secured by cryptography (sort of coding) , which makes it almost impossible to counterfeit or double spend. Many cryptocurrencies are decentralized networks based on BLOCKCHAIN technology - a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering the theoretically immune to government interference or manipulation. Understanding Cryptocurrencies Cryptocurrencies are system that allow for secure payments online which are denominated in terms of virtual "tokens", which are represented by ledger entries internal to the system. "Crypto" refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions. Types of Cryptocurrency The first blockchain-...