Blockchain technology is nothing but the protocol behind running the Blockchain seamlessly. Blockchain technology enables cryptocurrencies such as Bitcoin and Ethereum to work without hassle.
Blockchain is purely an immutable, distributed digital ledger that has a plethora of use cases beyond cryptocurrencies. This immutability of Blockchain allows you to have faith in its accuracy. And since it is distributed, it deliberately shields and protects the Blockchain from network attacks.
While Blockchain is becoming increasingly popular, there are many who’re looking forward to a career in the same. This is why numerous educational institutions and organizations are providing Blockchain training.
Today, we will acquire a brief overview of blockchain technology in this article. Further, we will dig deeper to have a clear insight into Blockchain and its importance.
Let’s get rolling.
A quick overview of Blockchain
Blockchain is not just any kind of database. It is a new technology stack that comes with ‘digital trust.’ Blockchain is revolutionizing how we exchange value and information across the internet.
Blockchain technology is the technology that enables the Blockchain to function and run. As it is similar to the internet, anyone can use this technology. Besides, everyone is capable of running and owning blockchains of their own.
Types of Blockchains
All information within a blockchain block is dependent and linked to the previous block’s information. And with time, it undergoes development and essentially forms a complete chain of transactions. Thus, this technology is popularly known as Blockchain.
Blockchain can be classified into four broad distinctions, namely:
● Private Blockchains
The private blockchains are not completely open as they have access restrictions. And those willing to access this Blockchain require permission from the system administrator. Besides, they are typically governed by one entity as they are centralized.
A popular example of a private Blockchain is Hyperledger.
● Public Blockchains
Public Blockchains are typically open and are certain decentralized networks of computers. Besides, it is accessible to anyone willing to validate or request any transaction. And those who validate transactions are capable of receiving rewards.
This Blockchain typically uses the consensus mechanisms of proof-of-work or proof-of-stake. Bitcoin and Ethereum blockchains are the two most common examples of public Blockchains.
● Consortiums or Hybrid Blockchains
Consortiums or Hybrid Blockchains are nothing but a combination of both private and public Blockchain. This kind of Blockchain contains both centralized and decentralized features.
A sidechain is nothing but a blockchain that runs parallel to the main chain. This enables users to transfer and move digital assets between two blockchains. Further, it helps in improving both efficiency and scalability.
An overview of Blockchain Technology Certification
Simplilearn, the pioneering educational institution, offers Blockchain certification courses. This professional certificate program is a four-month program designed in collaboration with IIT Kanpur.
The course offers a high-engagement learning experience with real-world blockchain applications. And some of the associated sectors include Healthcare, Fintech, Supply Chain Management, and more.
This blockchain certification program enables learners to start right from the fundamentals of Blockchain. Further, it covers all the functional and technical aspects required for building any blockchain solution. And only the best techniques and tools within the industry are used in this regard.
Here, the program teaches how to build bitcoin wallets, smart contracts, fabricode, create transactions, and more. The Blockchain course covers enormous concepts of Hyperledger, Bitcoin, Ripple, Ethereum, and Multichain blockchain platforms.
Students can also learn the techniques of setting up a private blockchain network using Hyperledger Composer. Further, it enables them to deploy smart contracts on Ethereum.
Skills covered in Blockchain Technology Certification
The Blockchain Technology certification course offered by Simplilearn in association with IIT Kanpur covers the following skills:
- Cryptocurrency and Cryptography
- Distributed ledger
- Ethereum Blockchain
Key features of Blockchain Technology Certification
Some of the key features of Blockchain technology certification are:
- Masterclasses from IIT Kanpur faculty.
- Valid certificate after program completion from Simplilearn and IIT Kanpur.
- Acquire hands-on experience with a capstone on the use cases that are industry-relevant.
- Get seamless access to all the integrated labs on the LMS of Simplilearn.
- The JobAssist of Simplilearn enables you to get noticed by the top hiring companies.
- Helps you in building skills so that you can advance your career and become job ready.
- The career service of Simplilearn enables you to get noticed by the top hiring companies.
- You can enroll yourself in the JobAssist of Simplilearn.
- The certification course provides 8x higher interaction within the live online classes conducted by industry experts.
The Professional Blockchain Certification Program offered by Simplilearn leverages the academic excellence of IIT Kanpur. And for the blockchain technology course, the students are equipped with all the key skills. All of this is done through a unique Bootcamp approach.
Is pursuing a Blockchain certification worthwhile in 2022?
In the present-day world, technology is undergoing rapid development. And staying at pace with the progression is undoubtedly a great idea. As a tech geek, if you enjoy upgrading your skills constantly, you should learn blockchain technology.
All the information provided within Blockchain technology is immediate, shared, and transparent. This means once any information is stored, it cannot be tampered with. Access to these ledgers might also be restricted to a specific number of network members.
There are many promising real-world use cases of blockchain technology, including smart contracts and faster cross-border payments. Several companies realize the benefits of Blockchain and how it can help them. And this is exactly what proves that Blockchain technology is here to stay.
This will surely provide you with a very promising and bright career option. Above all, Blockchain technology is fundamentally changing the way all of our trust and exchange value. And since Blockchain is both the present and the future, it is an ideal choice to pursue and learn Blockchain technology.