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Quickly learn the skills necessary to land a well. Quickly learn the skills necessary to land a well.
Quickly learn the skills necessary to land a well. Quickly learn the skills necessary to land a well.
Blockchain is on the lips of everyone, from individuals to institutions these days. Analysts are calling the advent of blockchain (together with other cutting-edge technologies such as artificial intelligence, internet of things and virtual reality) the fourth industrial revolution. However, exactly what is blockchain? This article breaks it all down in a comprehensive “what is the blockchain 101” report.
The blockchain was initially introduced by Satoshi Nakamoto, the inventor of Bitcoin, as a time-chain concept. Bitcoin transactions would be created and validated in a decentralized, peer-to-peer network and stored in a public ledger, which was later called “the blockchain”.
The last few years have shown that blockchain technology is here to stay. Demand for blockchain developers are rising, causing the average blockchain developer salary to reach approximately $150,000 in 2020, and becoming a blockchain programmer is already proving to be one of the best ways to increase your software engineer salary.
Blockchain technology is still a relatively new technology. However, it has become a widespread phenomenon through the rise of cryptocurrencies, such as Bitcoin. But even though it is easy to associate blockchain with Bitcoin, this is far from the only area where this technology can be utilized. Nevertheless, to understand how blockchain can be used in different industries, we first need to understand what blockchain programming is and what problems it solves.
It’s no secret that blockchain technology is rapidly changing the way our world functions. Whether or not this is known as a “crypto revolution” or simply part of the fourth industrial revolution, it is clear that blockchain is here to stay. However, this changing landscape is also bringing its fair share of challenges with it.
Blockchain technology first came about with the launch of Bitcoin in 2008 and the technology has, over the years, predominantly been associated with cryptocurrency, ICOs (initial coin offerings), and, more recently, decentralized finance.
Blockchain technology is many times hailed as a massively disruptive innovation across industries. As such, blockchain is often linked to the advent of the ”fourth industrial revolution”, or Industry 4.0. Nevertheless, the notion of blockchain technology being a cutting-edge technology means that some people assume it is a novel technology only being explored by blockchain startups.
