- Blog Categories
- Software Development Projects and Ideas
- 12 Computer Science Project Ideas
- 28 Beginner Software Projects
- Top 10 Engineering Project Ideas
- Top 10 Easy Final Year Projects
- Top 10 Mini Projects for Engineers
- 25 Best Django Project Ideas
- Top 20 MERN Stack Project Ideas
- Top 12 Real Time Projects
- Top 6 Major CSE Projects
- 12 Robotics Projects for All Levels
- Java Programming Concepts
- Abstract Class in Java and Methods
- Constructor Overloading in Java
- StringBuffer vs StringBuilder
- Java Identifiers: Syntax & Examples
- Types of Variables in Java Explained
- Composition in Java: Examples
- Append in Java: Implementation
- Loose Coupling vs Tight Coupling
- Integrity Constraints in DBMS
- Different Types of Operators Explained
- Career and Interview Preparation in IT
- Top 14 IT Courses for Jobs
- Top 20 Highest Paying Languages
- 23 Top CS Interview Q&A
- Best IT Jobs without Coding
- Software Engineer Salary in India
- 44 Agile Methodology Interview Q&A
- 10 Software Engineering Challenges
- Top 15 Tech's Daily Life Impact
- 10 Best Backends for React
- Cloud Computing Reference Models
- Web Development and Security
- Find Installed NPM Version
- Install Specific NPM Package Version
- Make API Calls in Angular
- Install Bootstrap in Angular
- Use Axios in React: Guide
- StrictMode in React: Usage
- 75 Cyber Security Research Topics
- Top 7 Languages for Ethical Hacking
- Top 20 Docker Commands
- Advantages of OOP
- Data Science Projects and Applications
- 42 Python Project Ideas for Beginners
- 13 Data Science Project Ideas
- 13 Data Structure Project Ideas
- 12 Real-World Python Applications
- Python Banking Project
- Data Science Course Eligibility
- Association Rule Mining Overview
- Cluster Analysis in Data Mining
- Classification in Data Mining
- KDD Process in Data Mining
- Data Structures and Algorithms
- Binary Tree Types Explained
- Binary Search Algorithm
- Sorting in Data Structure
- Binary Tree in Data Structure
- Binary Tree vs Binary Search Tree
- Recursion in Data Structure
- Data Structure Search Methods: Explained
- Binary Tree Interview Q&A
- Linear vs Binary Search
- Priority Queue Overview
- Python Programming and Tools
- Top 30 Python Pattern Programs
- List vs Tuple
- Python Free Online Course
- Method Overriding in Python
- Top 21 Python Developer Skills
- Reverse a Number in Python
- Switch Case Functions in Python
- Info Retrieval System Overview
- Reverse a Number in Python
- Real-World Python Applications
- Data Science Careers and Comparisons
- Data Analyst Salary in India
- Data Scientist Salary in India
- Free Excel Certification Course
- Actuary Salary in India
- Data Analyst Interview Guide
- Pandas Interview Guide
- Tableau Filters Explained
- Data Mining Techniques Overview
- Data Analytics Lifecycle Phases
- Data Science Vs Analytics Comparison
- Artificial Intelligence and Machine Learning Projects
- Exciting IoT Project Ideas
- 16 Exciting AI Project Ideas
- 45+ Interesting ML Project Ideas
- Exciting Deep Learning Projects
- 12 Intriguing Linear Regression Projects
- 13 Neural Network Projects
- 5 Exciting Image Processing Projects
- Top 8 Thrilling AWS Projects
- 12 Engaging AI Projects in Python
- NLP Projects for Beginners
- Concepts and Algorithms in AIML
- Basic CNN Architecture Explained
- 6 Types of Regression Models
- Data Preprocessing Steps
- Bagging vs Boosting in ML
- Multinomial Naive Bayes Overview
- Gini Index for Decision Trees
- Bayesian Network Example
- Bayes Theorem Guide
- Top 10 Dimensionality Reduction Techniques
- Neural Network Step-by-Step Guide
- Technical Guides and Comparisons
- Make a Chatbot in Python
- Compute Square Roots in Python
- Permutation vs Combination
- Image Segmentation Techniques
- Generative AI vs Traditional AI
- AI vs Human Intelligence
- Random Forest vs Decision Tree
- Neural Network Overview
- Perceptron Learning Algorithm
- Selection Sort Algorithm
- Career and Practical Applications in AIML
- AI Salary in India Overview
- Biological Neural Network Basics
- Top 10 AI Challenges
- Production System in AI
- Top 8 Raspberry Pi Alternatives
- Top 8 Open Source Projects
- 14 Raspberry Pi Project Ideas
- 15 MATLAB Project Ideas
- Top 10 Python NLP Libraries
- Naive Bayes Explained
- Digital Marketing Projects and Strategies
- 10 Best Digital Marketing Projects
- 17 Fun Social Media Projects
- Top 6 SEO Project Ideas
- Digital Marketing Case Studies
- Coca-Cola Marketing Strategy
- Nestle Marketing Strategy Analysis
- Zomato Marketing Strategy
- Monetize Instagram Guide
- Become a Successful Instagram Influencer
- 8 Best Lead Generation Techniques
- Digital Marketing Careers and Salaries
- Digital Marketing Salary in India
- Top 10 Highest Paying Marketing Jobs
- Highest Paying Digital Marketing Jobs
- SEO Salary in India
- Brand Manager Salary in India
- Content Writer Salary Guide
- Digital Marketing Executive Roles
- Career in Digital Marketing Guide
- Future of Digital Marketing
- MBA in Digital Marketing Overview
- Digital Marketing Techniques and Channels
- 9 Types of Digital Marketing Channels
- Top 10 Benefits of Marketing Branding
- 100 Best YouTube Channel Ideas
- YouTube Earnings in India
- 7 Reasons to Study Digital Marketing
- Top 10 Digital Marketing Objectives
- 10 Best Digital Marketing Blogs
- Top 5 Industries Using Digital Marketing
- Growth of Digital Marketing in India
- Top Career Options in Marketing
- Interview Preparation and Skills
- 73 Google Analytics Interview Q&A
- 56 Social Media Marketing Q&A
- 78 Google AdWords Interview Q&A
- Top 133 SEO Interview Q&A
- 27+ Digital Marketing Q&A
- Digital Marketing Free Course
- Top 9 Skills for PPC Analysts
- Movies with Successful Social Media Campaigns
- Marketing Communication Steps
- Top 10 Reasons to Be an Affiliate Marketer
- Career Options and Paths
- Top 25 Highest Paying Jobs India
- Top 25 Highest Paying Jobs World
- Top 10 Highest Paid Commerce Job
- Career Options After 12th Arts
- Top 7 Commerce Courses Without Maths
- Top 7 Career Options After PCB
- Best Career Options for Commerce
- Career Options After 12th CS
- Top 10 Career Options After 10th
- 8 Best Career Options After BA
- Projects and Academic Pursuits
- 17 Exciting Final Year Projects
- Top 12 Commerce Project Topics
- Top 13 BCA Project Ideas
- Career Options After 12th Science
- Top 15 CS Jobs in India
- 12 Best Career Options After M.Com
- 9 Best Career Options After B.Sc
- 7 Best Career Options After BCA
- 22 Best Career Options After MCA
- 16 Top Career Options After CE
- Courses and Certifications
- 10 Best Job-Oriented Courses
- Best Online Computer Courses
- Top 15 Trending Online Courses
- Top 19 High Salary Certificate Courses
- 21 Best Programming Courses for Jobs
- What is SGPA? Convert to CGPA
- GPA to Percentage Calculator
- Highest Salary Engineering Stream
- 15 Top Career Options After Engineering
- 6 Top Career Options After BBA
- Job Market and Interview Preparation
- Why Should You Be Hired: 5 Answers
- Top 10 Future Career Options
- Top 15 Highest Paid IT Jobs India
- 5 Common Guesstimate Interview Q&A
- Average CEO Salary: Top Paid CEOs
- Career Options in Political Science
- Top 15 Highest Paying Non-IT Jobs
- Cover Letter Examples for Jobs
- Top 5 Highest Paying Freelance Jobs
- Top 10 Highest Paying Companies India
- Career Options and Paths After MBA
- 20 Best Careers After B.Com
- Career Options After MBA Marketing
- Top 14 Careers After MBA In HR
- Top 10 Highest Paying HR Jobs India
- How to Become an Investment Banker
- Career Options After MBA - High Paying
- Scope of MBA in Operations Management
- Best MBA for Working Professionals India
- MBA After BA - Is It Right For You?
- Best Online MBA Courses India
- MBA Project Ideas and Topics
- 11 Exciting MBA HR Project Ideas
- Top 15 MBA Project Ideas
- 18 Exciting MBA Marketing Projects
- MBA Project Ideas: Consumer Behavior
- What is Brand Management?
- What is Holistic Marketing?
- What is Green Marketing?
- Intro to Organizational Behavior Model
- Tech Skills Every MBA Should Learn
- Most Demanding Short Term Courses MBA
- MBA Salary, Resume, and Skills
- MBA Salary in India
- HR Salary in India
- Investment Banker Salary India
- MBA Resume Samples
- Sample SOP for MBA
- Sample SOP for Internship
- 7 Ways MBA Helps Your Career
- Must-have Skills in Sales Career
- 8 Skills MBA Helps You Improve
- Top 20+ SAP FICO Interview Q&A
- MBA Specializations and Comparative Guides
- Why MBA After B.Tech? 5 Reasons
- How to Answer 'Why MBA After Engineering?'
- Why MBA in Finance
- MBA After BSc: 10 Reasons
- Which MBA Specialization to choose?
- Top 10 MBA Specializations
- MBA vs Masters: Which to Choose?
- Benefits of MBA After CA
- 5 Steps to Management Consultant
- 37 Must-Read HR Interview Q&A
- Fundamentals and Theories of Management
- What is Management? Objectives & Functions
- Nature and Scope of Management
- Decision Making in Management
- Management Process: Definition & Functions
- Importance of Management
- What are Motivation Theories?
- Tools of Financial Statement Analysis
- Negotiation Skills: Definition & Benefits
- Career Development in HRM
- Top 20 Must-Have HRM Policies
- Project and Supply Chain Management
- Top 20 Project Management Case Studies
- 10 Innovative Supply Chain Projects
- Latest Management Project Topics
- 10 Project Management Project Ideas
- 6 Types of Supply Chain Models
- Top 10 Advantages of SCM
- Top 10 Supply Chain Books
- What is Project Description?
- Top 10 Project Management Companies
- Best Project Management Courses Online
- Salaries and Career Paths in Management
- Project Manager Salary in India
- Average Product Manager Salary India
- Supply Chain Management Salary India
- Salary After BBA in India
- PGDM Salary in India
- Top 7 Career Options in Management
- CSPO Certification Cost
- Why Choose Product Management?
- Product Management in Pharma
- Product Design in Operations Management
- Industry-Specific Management and Case Studies
- Amazon Business Case Study
- Service Delivery Manager Job
- Product Management Examples
- Product Management in Automobiles
- Product Management in Banking
- Sample SOP for Business Management
- Video Game Design Components
- Top 5 Business Courses India
- Free Management Online Course
- SCM Interview Q&A
- Fundamentals and Types of Law
- Acceptance in Contract Law
- Offer in Contract Law
- 9 Types of Evidence
- Types of Law in India
- Introduction to Contract Law
- Negotiable Instrument Act
- Corporate Tax Basics
- Intellectual Property Law
- Workmen Compensation Explained
- Lawyer vs Advocate Difference
- Law Education and Courses
- LLM Subjects & Syllabus
- Corporate Law Subjects
- LLM Course Duration
- Top 10 Online LLM Courses
- Online LLM Degree
- Step-by-Step Guide to Studying Law
- Top 5 Law Books to Read
- Why Legal Studies?
- Pursuing a Career in Law
- How to Become Lawyer in India
- Career Options and Salaries in Law
- Career Options in Law India
- Corporate Lawyer Salary India
- How To Become a Corporate Lawyer
- Career in Law: Starting, Salary
- Career Opportunities: Corporate Law
- Business Lawyer: Role & Salary Info
- Average Lawyer Salary India
- Top Career Options for Lawyers
- Types of Lawyers in India
- Steps to Become SC Lawyer in India
- Tutorials
- C Tutorials
- Recursion in C: Fibonacci Series
- Checking String Palindromes in C
- Prime Number Program in C
- Implementing Square Root in C
- Matrix Multiplication in C
- Understanding Double Data Type
- Factorial of a Number in C
- Structure of a C Program
- Building a Calculator Program in C
- Compiling C Programs on Linux
- Java Tutorials
- Handling String Input in Java
- Determining Even and Odd Numbers
- Prime Number Checker
- Sorting a String
- User-Defined Exceptions
- Understanding the Thread Life Cycle
- Swapping Two Numbers
- Using Final Classes
- Area of a Triangle
- Skills
- Software Engineering
- JavaScript
- Data Structure
- React.js
- Core Java
- Node.js
- Blockchain
- SQL
- Full stack development
- Devops
- NFT
- BigData
- Cyber Security
- Cloud Computing
- Database Design with MySQL
- Cryptocurrency
- Python
- Digital Marketings
- Advertising
- Influencer Marketing
- Search Engine Optimization
- Performance Marketing
- Search Engine Marketing
- Email Marketing
- Content Marketing
- Social Media Marketing
- Display Advertising
- Marketing Analytics
- Web Analytics
- Affiliate Marketing
- MBA
- MBA in Finance
- MBA in HR
- MBA in Marketing
- MBA in Business Analytics
- MBA in Operations Management
- MBA in International Business
- MBA in Information Technology
- MBA in Healthcare Management
- MBA In General Management
- MBA in Agriculture
- MBA in Supply Chain Management
- MBA in Entrepreneurship
- MBA in Project Management
- Management Program
- Consumer Behaviour
- Supply Chain Management
- Financial Analytics
- Introduction to Fintech
- Introduction to HR Analytics
- Fundamentals of Communication
- Art of Effective Communication
- Introduction to Research Methodology
- Mastering Sales Technique
- Business Communication
- Fundamentals of Journalism
- Economics Masterclass
- Free Courses
How To Become A Blockchain Developer – A Beginners Guide
Updated on 03 July, 2023
8.77K+ views
• 11 min read
Table of Contents
The advent of Bitcoin and its underlying tech, Blockchain changed the world, particularly the Banking and Finance sectors. However, with Bitcoin, the scope of development is quite constrained. Then came Ethereum – the world’s first programmable Blockchain. It took the Blockchain game to a whole new level, creating scope for developers around the world to build innovative applications on top of Ethereum. As a result, the craze for Blockchain tech only continued to escalate, thus, making Blockchain skills one of the hottest skills today!
‘Blockchain Developer’ is one of the most popular and emerging jobs now, and hence, it isn’t surprising that an increasing number of youngsters are steering toward it. But the most challenging part comes at the very beginning of the journey –
Who is a Blockchain Developer?
A blockchain developer is an expert in the field and is capable of developing cutting-edge decentralized applications (DApps), as well as crafting intricate smart contracts. Utilizing programming languages such as Solidity, Python, and JavaScript, these tech-savvy professionals possess an expansive knowledge of blockchain technology and the underlying principles for its use. Exploiting its immutability and transparency, these engineers are able to construct solutions that utilize the powerful functionality of blockchain to ensure secure and trustless data storage and user experiences.
What Exactly Does a Blockchain Developer Do?
If you’re wondering how to become a blockchain developer, you should first know what is it that a blockchain developer does. The following are some of them:
Developing Smart Contracts and dApps: Blockchain developers serve a central task – creating smart contracts and decentralized applications (dApps). Smart contracts are digital agreements that self-execute without the need for intermediaries, utilizing programming languages such as Solidity – Ethereum’s own programming language. Experienced developers use their proficient programming skills to ensure transparent and secure transactions across the distributed blockchain network.
Security and Auditing: Maintaining the security of blockchain networks is critical; developers must implement a variety of sophisticated cryptographic techniques and security measures. From hashing and digital signatures to asymmetric cryptography, various encryption strategies are utilized to keep user data safe and secure.
Moreover, blockchain developers are responsible for ensuring the resilience of the network; regular audits must be conducted to proactively discover any existing vulnerabilities. Through a process of code analysis, penetration tests, and rigorous security protocols, blockchain developers help protect the network from malicious attacks. By staying abreast of industry best practices and continuously updating their understanding of blockchain security, developers can effectively secure transactions and data stored on a decentralized ledger.
Collaborating and Architecting Solutions: Blockchain developers work closely with cross-functional teams to design and develop innovative solutions using blockchain technology. They collaborate with project managers, designers, and other developers to understand business requirements and propose suitable blockchain architectures.
These professionals analyze various use cases and determine the most effective implementation strategy for a given project. They assess different blockchain platforms and frameworks, considering factors such as scalability, consensus mechanisms, and interoperability. By evaluating these aspects, blockchain developers can architect robust and scalable solutions tailored to the specific needs of the organization or project.
What Skills Does a Blockchain Developer Need?
Now that you know what what a blockchain developer does, let’s look into the skills needed for how to become blockchain developer.
Programming Languages: Proficiency in programming languages is paramount for a blockchain developer. A comprehensive understanding of Solidity, a key language used for Ethereum smart contracts, is essential. Other valuable languages such as Python, JavaScript, or Go can be beneficial for developing decentralized applications and integrating blockchain with existing systems.
Blockchain Frameworks and Platforms: A sound knowledge of blockchain frameworks and platforms is critical in order to excel as a blockchain developer. Ethereum, Hyperledger Fabric, and Corda are three of the most commonly used platforms. A deep comprehension of their structures, consensus mechanisms, and processes of smart contract deployment are necessary for effective development.
Cryptography and Security: A mastery of cryptographic algorithms and security protocols is of the utmost importance for every blockchain developer. This includes cognizance of encryption techniques, digital signatures, and hash functions. Furthermore, staying abreast of changes in the domain of cyber security and conducting regular security audits of blockchain networks is also critical. All of these concepts work together to safely process and protect sensitive data as well as promote secure transactions.
Distributed Systems and Data Structures: Having expertise in distributed systems and related data structures is imperative for the successful use of blockchain. Concepts such as consensus algorithms, peer-to-peer networks, and distributed databases, to name a few, are integral to establishing reliable and long-lasting blockchain networks. Gaining a thorough understanding of such concepts is essential for taking full advantage of this revolutionary technology.
Problem-Solving and Analytical Skills: Blockchain development is not without its complexities, and thus, problem-solving and analytical skills are paramount. This involves identifying roadblocks, maximizing performance, and resolving issues swiftly. Furthermore, the aptitude to discern business requirements, analyze the data associated with them, and propose viable solutions is essential for successful blockchain engineering.
Learn Software Programs from the World’s top Universities. Earn Executive PG Programs, Advanced Certificate Programs or Masters Programs to fast-track your career.
How to Become a Blockchain Developer?
In this post, that’s what we’re about to address! We’ll take you through a step-by-step journey of how to become a blockchain developer from scratch.
Let’s begin!
1. Define and establish your goals.
For a beginner, Blockchain is a complicated technology. While Blockchain and cryptocurrencies can bring you a lot of profit, first you must understand what you wish to accomplish with Blockchain tech. So, you must ask yourself the following questions and find answers to them:
• Do you want to work for a Blockchain company, or do you want to be an entrepreneur and create your own Blockchain products/services?
• Do you want to disrupt and dysfunctional industries through Blockchain?
• Do you wish to transform governance through the decentralization aspect of Blockchain?
• Do you want to be a Blockchain Developer who works on Blockchain software or do you want to build applications on top of Blockchain tech?
If you work as a Blockchain Developer for a reputed company, you can earn extremely high salary packages. This is because there is a significant shortage of adequately skilled Blockchain Developers. However, if you are an independent entrepreneur developing Blockchain applications, you can raise a lot of money for your projects via funding. Answering these questions will help you understand what exactly you want out of your Blockchain career.
2. Choose one Blockchain network.
It’s not necessary to master all the Blockchain networks inside-out – you can choose one and specialize in it. Bitcoin, Ethereum, and EOS are the most popular Blockchain networks out there. Bitcoin is undoubtedly the most stable and widely used Blockchain tech for processing valuable transactions, but then it can handle only simple transactions. On the contrary, Ethereum was designed to overcome the limitations of Bitcoin by running ‘smart contracts.’ Smart contracts can run any arbitrary computation, unlike Bitcoin. EOS too can run smart contracts. However, EOS is much more scalable than Ethereum, and unlike Ethereum, it allows for free transactions.
While EOS may look like the best choice, remember that it is more scalable which leads to a centralization of sorts (contrary to the decentralization feature of Blockchain).
Thus, the smart choice here is Ethereuem since it is highly programmable, supports Ethereum tokens, and is backed by an active community of talented developers.
Explore our Popular Software Engineering Courses
3. Get familiar with Dapps.
After choosing your focus of study (Blockchain network), you should get familiar with Decentralized Apps or Dapps. More than 2,000 applications built on Ethereum (for example, Marketplaces, Decentralized Exchanges, and Gambling Dapps) already exist. So, you can get a headstart there. To explore the different kinds of Dapps, you can check out Dapp list websites like StateOfTheDapps and DappRadar.
Now, it’s time to decide what you want to build. Is it a gaming Dapp or a decentralized exchange or something unique? Once you figure this out, you should figure out how you wish to develop your Dapp. For developing a Dapp, you must learn how:
• The Ethereum protocol works
• To write smart contracts in Solidity
• To assemble all the pieces in a Dapp
Growing Demand for Software Engineers in Blockchain Technology
4. Get familiar with the different libraries and development tools.
To successfully write smart contracts and develop Dapps, you must learn to use the following development tools:
• Truffle – it is one of the most widely used frameworks for building Ethereum Dapps. Truffle is written in Nodejs and is backed by a strong community.
• Web3 – it is a library that can communicate with Ethereum clients like Geth, Parity, etc. The advantage of Web3 is that it can dynamically create abstractions (objects) to represent a smart contract.
• Solc – it is the compiler of the Solidity programming language and is written in C++. It comes with its distinct Github repo.
• Remix – it is an online IDE for writing Solidity smart contracts.
• Ganache – it is a local Ethereum Blockchain for developing Dapps. It allows you to run a command to trigger a local Ethereum node and get ten addresses pre-funded with Ether.
• Metamask – it is an Ethereum wallet designed to act as a browser extension. Dapps uses Metamask while requesting a user to sign a transaction and sanction it.
In-Demand Software Development Skills
5. Learn Solidity to write smart contracts.
While smart contracts make up the foundation of Dapps, Solidity is the primary language choice for writing smart contracts. Solidity’s is a compiled and typed language with a syntax similar to that of Javascript.
Smart contracts are nothing but small programs that can run autonomously once deployed on the Ethereum network. So, once you implement them, you don’t have to do anything else – the system runs them automatically, thereby giving the admin control to no individual.
Most people resort to learning Solidity with CryptoZombies, a game designed to introduce and teach the fundamentals of Solidity by generating an army of Zombies in a smart contract. While this is an exciting way to learn Solidity, you should also be thorough with the official Solidity Documentation for it is the most comprehensive guide on Solidity. It is updated regularly and will teach you the basics of Solidity, including the primary variable types, the main control structures, and the overall structure of a smart contract.
6. Develop a Dapp.
Once you’ve learned the nitty-gritty of Solidity, it is time to put your theoretical knowledge to test by building a Dapp.
Smart contracts aren’t exactly user-friendly, and hence, the requirement of Dapps. Dapps allow users to interact with them seamlessly. Before building a Dapp, you must understand how it works. Let’s demonstrate this through a game – Cryptokitties, an Ethereum-based game that allows players to buy and trade kitties.
When you visit the Cryptokitties website, you land on the main user-interface – the frontend part looks just like a standard web app, and the backend is deployed on private servers. Then begins the Blockchain layer with Metamask. The players use Metamask to transfer Ether to Cryptokitties. After this comes to the smart contract that stores all the game data. Since the smart contract is deployed on the Ethereum network, it is hosted by multiple machines simultaneously.
This is precisely the design of a Dapp. First, there’s the frontend and backend. Then you have the browser extension (here, Metamask), and then finally, you have the smart contracts. To successfully develop a Dapp, you must ensure that these three layers can communicate with one another seamlessly.
There are various articles, videos, and ebooks that teach you how to build a Dapp from scratch. EatTheBlocks Pro is an excellent resource for tutorials on Ethereuem and Solidity.
The last step – prepare for Blockchain interviews. As you progress through these six steps, you’ll gain an in-depth understanding of Blockchain technology, Bitcoin and Ethereum, Solidity, smart contracts, and Dapps. And as a beginner in the field, that’s all you need to get started with – the rest you can learn as Blockchain advances.
We hope this helps!
If you are interested to create blockchain applications from scratch, check out upGrad & IIIT-B’s Executive Certification in Blockchain from IIITB.
Frequently Asked Questions (FAQs)
1. What is blockchain technology?
Blockchain is a digital, decentralized ledger used to facilitate the process of recording transactions. It provides immediate, shared, and completely transparent information stored in an immutable ledger which can be accessed by those having permission to access it. Blockchain is reliable, secure, fast, and efficient. There are different types of blockchains which provide for varied needs of the users, and one can choose the blockchain type which best suits their requirements.
2. How do I choose a blockchain network?
When deciding on a career in blockchain technology, there are a few things to keep in mind, like choosing a blockchain network. Its growing market has presented a number of networks that one can choose from. Some of the most popular ones are Bitcoin, EOS, Ethereum, etc. with each having its own speciality and advantages. Before choosing a network, it is not necessary to have mastered it inside-out, but having a basic idea of blockchain networks helps in deciding which one to specialize in and then work on. Further, one should also check the market trends to understand which network is more profitable at the time.
3. What is a dApp?
Decentralized Application, or dApp, refers to a type of distributed open source software application that runs on a peer-to-peer (P2P) blockchain network instead of on a single computer. Its decentralized nature lets other users build up on it once the developer has released a dApp’s codebase. Using blockchain enables dApp in processing data through distributed networks and executing transactions.
RELATED PROGRAMS