It's only a matter of time before blockchain changes the world. Read this blog to get an idea of some of the most notable blockchain platforms that might be worth checking out in 2022!
Read Here: https://www.valuecoders.com/blog/technology-and-apps/a-comprehensive-list-of-blockchain-platforms-to-look-for-in-2019/
Cryptocurrency is a digital medium of exchange that uses encryption to send and receive money. The most frequently utilised cryptocurrency for which Blockchain technology was created is Bitcoin. Despite the fact that Blockchain has been the standard cryptocurrency technology for the past few years, concerns about speed and scalability have led to the creation of other solutions.
Tangle is a relatively young cryptocurrency. In this essay, we’ll look at the latest dispute between Tangle and Blockchain to see which is the better option.
What is Blockchain?
Blockchain is a transaction ledger that is cryptographically secure. Bitcoin, Litecoin, and Ethereum, as well as other cryptocurrencies, are all accepted. The ledger is made up of transaction blocks that are cryptographically connected to each other. Each block is linked to the previous one, preserving the ledger’s whole history.
All of the machines involved in these transactions are known as nodes. Each node authenticates transactions independently. This means that after both nodes have confirmed a transaction, it can proceed.
Want to learn more about Blockchain Technology? Blockchain certification courses could be the best to get started with.
What is Tangle?
Tangle is a bitcoin transaction technology that works in a similar fashion to Blockchain. Here, a directed acyclic graph (DAG) is used, which is similar to a distributed ledger. DAG is not governed by any external entity, such as a bank or a financial organisation.
Tangle is IoT-friendly, which is the cherry on top (Internet of Things). The Internet of Things (IoT) is a network of interconnected devices that can exchange data and communicate with each other. Tangle will be able to conduct large-scale transactions between multiple linked devices swiftly and seamlessly as a result of this.
What are the differences between a tangle and a blockchain?
Structure — A blockchain is made up of a lengthy, ever-growing chain of nodes, or data blocks, each one linked to the one before it. A tangle, on the other hand, is made up of data nodes that all flow in the same direction. And, unlike blockchain, which may technically loop back on itself in a circular pattern, the tangle can only go in one direction at a time and cannot reverse. This enables speedier data transport.
Security – Due to its arduous block-formation process, which involves the solution of a mathematical problem and verification through group consensus, blockchain has a higher level of security. Before a device can complete its own transaction and thus create a data node, it must first validate two previous transactions. The tangle is less secure than blockchain due to this less robust procedure.
Decentralization — Both blockchain and the tangle are decentralised systems, which means they are free of outside meddling and the fees and hurdles that come with it. The tangle, however, has had to erect a safety net, which it refers to as a “coordinator node.” This node effectively puts a centralising aspect into the tangle’s structure, putting to rest claims that it allows for entirely independent, uninterrupted transactions between IoT units.
In this case, blockchain has a clear advantage. It’s significantly more secure than Tangle and supports decentralised apps. Blockchain is becoming more popular among businesses and users for cryptocurrency transactions.
Tangle is still in its infancy and has faults. The technique can’t be labelled truly decentralised because it relies on a central coordinator node. This node checks that transactions are genuine, however Tangle data is not entirely self-contained in this regard. Because the node addition protocol is less precise than Blockchain, it is also less secure.
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In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors of the industry. It also has the ability to be one of the career-influencing innovations at the same time. We have seen an increasing inclination towards the certification of the Blockchain in recent years, and there are obvious reasons behind it. Blockchain has everything to offer, from good packages to its universal application and futuristic development. Let’s address the reasons why one should go for Blockchain certification.
5 advantages of certification by Blockchain:
1. Lucrative packages- Everyone who completes their education or upskills themselves wants to end up with a good bundle, not only is one assured of a good learning experience with Blockchain, but the packages are drool-worthy at the same time. A Blockchain developer’s average salary varies between $150,000 and $175,000 per annum. Comparatively, a software developer gets a $137,000 per year salary. For a Blockchain developer, the San Francisco Bay area provides the highest bundle, amounting to $162,288 per annum. There’s no point arguing that learning about Blockchain is a smart decision with such lucrative packages.
2. Growing industry- When you select any qualification course, it becomes important that you choose a growing segment or industry that promises potential in the future. You should anticipate all of these with Blockchain. The size of the blockchain market is expected to rise from USD 3.0 billion in 2020 to USD 39.7 billion by 2025. This will see an incredible 67.3 percent CAGR between 2020-2025. To help business processes, several businesses are outsourcing Blockchain technologies. This clearly demonstrates that there will be higher demand in the future for Blockchain developers and certified Blockchain professionals.
3. Universal application- One of the major reasons for the success of Blockchain is that it has a global application. It is not sector-specific. Blockchain usage cases are discovered by almost all market segments. In addition, other innovations such as AI, big data, data science and much more are also supported by Blockchain. It becomes easier to get into a suitable industry once you know about Blockchain.
**4. Work protection-**Surely you would like to invest in an ability that ensures job security. You had the same chance for Blockchain. Since this is the technology of the future, understanding that Blockchain can keep up with futuristic developments will help in a successful and safe job.
**5.**After a certain point of your professional life, you are expected to learn about new abilities that can help enhance your skills. Upskilling is paramount. Upskilling oneself has become the need for the hour, and choosing a path that holds a lot of potential for the future is the best way to do this. For all computer geeks and others who want to gain awareness of emerging technology, Blockchain is a good option.
Concluding thoughts- opting for Blockchain certification is a successful career move with all these advantages. You will be able to find yourself in a safe and secured work profile once you have all the knowledge and information. Link for Blockchain certification programme with the Blockchain Council.
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Virtual reality is a modern reality, and that is where most of us live. The number of social media users is growing every day, which indicates the popularity of such sites. Today, these networks have become a reality, but the reality is that they have exposed our data and knowledge to many individuals who are trying to hack into our personal lives. This has contributed to increased data breach cases. But can an answer be sought to this? Well, with Blockchain, the solution lies. While we do not assert that the panacea is Blockchain, we can definitely conclude that Blockchain has the potential to have a different effect on the industry. It has some features that for social media forums will prove beneficial. In reality, the work is on developing a social media network based on blockchain. Let’s elaborate on this in advance.
Blockchain-based social media platform: Why did the need arise
The first question that arises is why such a forum is needed? Here, we would like to highlight the fact that we share a lot of personal information online, considering our increasing reliance on social media platforms. This makes our information vulnerable, and it is therefore easy for hackers to attack the data. So, it’s necessary to have a much safer and more stable platform. And here comes Blockchain technology’s position. This is a DLT platform which cryptographically encrypts all information and data. This guarantees that the information stays safe and secure and free from data threats.
It is for this purpose that businesses like Facebook are exploring how to use Blockchain technology to their advantage.
What is Blockchain social media?
It is a decentralized network based on blockchain technology, in simple words. For any information exchange, it provides end-to-end encryption. It also offers characteristics including
So, here we bring you some of the popular social media channels based on blockchain:
Society2 on IOTA: This is a new IOTA-based social media site. This platform provides greater data protection and improves security. In addition, by watching advertising, the user can also receive IOTA tokens, and developers can use this platform to create applications.
Voice on EOS: It is a new Blockchain-based social networking network that enables content creators to distribute crypto incentives, while concentrating on accountability. The goal of this platform is to avoid fake news, dishonest ads and bots.
Reddit Ethereum points: Reddit already has a reward scheme called karma based on blockchain. An Ethereum-based incentive scheme was also announced by Reddit. This will assist in the user’s direct delivery of the cryptocurrency.
The brief info we want to share here is that only Hive is open to the general public, while the Voice platform is being tested by beta users. So, we have to wait for the release of more of these sites.
Conclusion: Blockchain is the future, making it simpler for users to use this platform for quicker transmission of data and information. We are going to see some more applications of Blockchain technology in the times ahead. If you are ready to become a Blockchain expert, then this is the right moment for the Blockchain Council to participate in a Blockchain certification program.
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The increasing demand for Blockchain technology has led to the surge in demand for Blockchain professionals, and its increasing use cases have made different businesses realize its potential. Hence, many of the big names are actively investing in exploring different avenues of this technology.
Blockchain is a distributed ledger technology that provides a decentralized platform where information exchange occurs without third-party intervention. When we talk about Blockchain platforms, you would have noticed that there are different platforms, some of which are public, while others are permissioned. The latter is the area of interest for most of the banking institutions in the present scenario. There is a growing talk about permissioned Blockchain platforms because they are highly secure, and it has its members authorizing the exchange.
These platforms allow the Blockchain development based applications and some of the interesting ones include Ethereum, Hyperledger, Corda, R3 and EOS. These are only a handful of names, while there are many others in the making and others are in use. If you are still wondering why you need to invest in Blockchain platforms, then you have to take into account the benefits that these platforms offer:
Top 5 platforms that you should be looking forward to:
Stellar: This is a distributed ledger platform that allows the exchange of assets. It allows exchange between fiat currencies and cryptocurrencies. This platform can be used for smart devices, mobile wallets and banking tools.
Tezos: The next in our list is Tezos which is linked to digital token Tozzi. However, you must know that this platform is not based on the mining of Tez. The users are rewards for participating in the proof-of-stake consensus mechanism.
Hyperledger fabric: This is a popular name, and was developed by Linux Foundation. It is a permissioned Blockchain platform that aims at providing an enterprise-level solution.
Hyperledger Sawtooth: This platform was launched by Linux and contributed by IBM and digital assets. It offers an enterprise-level solution. This platform has been created to execute distributed ledgers, which helps maintain digital records without any central governing authority.
Ripple: It came into existence in 2012. This platform has been developed to connect different payment providers, banks and digital asset exchanges via the Blockchain network. The global payments take place via XRP or Ripple.
This is built on advanced Blockchain technology, and Ripple is faster and more scalable than other Blockchain.
These are some of the popular Blockchain platforms that have garnered a lot of attention from the investors and companies.
The way ahead:
In the times to come, we will witness a rise in the demand for Blockchain experts and Blockchain developers who will help in leveraging Blockchain technology for the growth of the business. If you want to learn more about Blockchain technology and its benefits, this is the right time to begin. Connect with the Blockchain Council to know more about the various certification programs in the Blockchain domain.
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The blockchain is the decentralized database of the blocks of information, which gets recorded in the chain format and linked in a secured crypto graphical manner. This technology ensures proper safety of the data due to its secure nature, and it totally changes how people carry out transactions. It also brings about a faster and secure process of validating information needed to establish reliability.
Though blockchain technology came into the market to carry out only digital transactions, it is now used in various industries like supply chain, finance, health care, and many more.
The blockchain technology has made its position in mobile app development as well. Blockchain applications are transparent and accountable. From getting easy access to medical records and buying insurance, you can see blockchain applications everywhere.
Here are some of the areas where you can see the use of blockchain applications and how they have changed various industries.
Ripple is useful for increasing banking transactions. The implementation of blockchain technology in the financial sector is much more profound than any other sector. Ripple proves this. It is one of the greatest tools to record and complete financial transactions.
It develops a large network despite strict physical boundaries. As there is no such third-party involvement present, the cost of these transactions is lower than usual. At the same time, the network also remains transparent and quite secured.
It is normally seen that financial transactions that happen globally are
error-prone and take a lot of time. In addition to this, when the transaction
fees and exchange rates get added up, the total cost usually gets high.
However, Ripple offers real-time international transactions without spending too much money. It has the network of about 200+ institutions making the process affordable, secure, and fast for all sorts of international transactions.
This blockchain application helps in automating flight insurance. Insurance is another area where blockchain is gaining popularity. Through this application, insurers can make smart contracts rather than getting involved in the traditional contracts that are usually complex. Etherisc is the blockchain application that helps customers buy flight insurance. If the flight gets canceled or delayed, they do not have to wait for months to get the payment back. This application ensures an on-time payout.
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