Bitcoin- An Easy Guide For Beginners

Are you trying to know about Bitcoin right from the beginning? Or are you probably looking for a piece of information that explains bitcoin’s technical details so you can get it?

Well, you have reached the right place. This article covers up all the essential details about bitcoin so that you can use it easily and understand how it can profit you. This guide also tells you about the pros and cons of bitcoin.

bitcoin-introduction

What is Bitcoin?

Alright, so you might have heard the name bitcoin number of times, but what exactly is it? Well, it is a virtual currency that is used among individuals electronically.  It is a peer to peer system which does not consist of any specific or central control. It is different from regular currencies in the sense of tangibility. It cannot be printed and does not consist of a particular or limited amount.

This is a new and creative payment process that reduces the requirement of a central network that ensures safe and secure transactions. It is designed to facilitate trustless payments between two unknown parties on the internet located anywhere across the globe.

This digital currency allows explicitly different individuals who hardly know and cannot trust each other to make transactions in the same manner as if they are exchanging money back and forth as it happens in real life. Bitcoins include a toll called public-key encryption that allows different individuals to get transaction messages very fast. Individuals can also search for the amount of data used for the payment process.

What is the working mechanism of bitcoin?

As mentioned above, this is a virtual currency, and which is why it is entirely digital and known to be self-contained and has an enclosed value. If you own a bitcoin, you do not have to go to the banks to withdraw or deposit any money. After individuals own bitcoins, they are pretty valuable, sometimes even valuable, as pieces of gold and can be traded off whenever you want.

You can literally use a bitcoin like a property, which means buying it earlier and later selling it when its value increases in the market. It has actually become the source of income for many individuals across the globe.

You get a personal wallet through which you can trade, sell, or buy bitcoin easily. Do you have any idea on how to trade with bitcoins? This personal wallet works as a storehouse for all the detailed information about your bitcoin, which can be accessed on any of your devices such as phones, tablets, personal computers, etc. It is very easy to use. It is a database in itself. You can invest in bitcoins through bitcointalkshow.com

How can you own a bitcoin?

You can own bitcoin in various ways. Mentioned here are some easy ways you can own the bitcoin.

  • Through exchange- Bitcoins can be bought through exchanging digital or cryptocurrencies and through regular fiat money as well.
  • Real Money- It can be bought using actual money.
  • Direct buying- This is by far the easiest way to own bitcoin. You can buy bitcoins directly from another person who uses bitcoin. There are different tools like Bitquick or Bisq, to aid the process.
  • Mining- It is an uncommon and not so easy way to get Bitcoins because it is very high in cost and needs technical expertise. However, it means adding more bitcoins to the circulation process.
  • Selling stuff- You can even buy bitcoin by selling things which equal to bitcoin’s value at the point of time.
  • Generate- Bitcoins can also be generated or created by using a computer of your own.

 Advantages of bitcoin

  • It aids safe and secure transactions. The payment can be made from anywhere you want to whoever you want without fear of the potential expense of a purchase.
  • It does not reveal a person’s identity, which makes it safe from the risk of identity thefts and fraud.
  • Like property and gold, the bitcoin’s value keeps changing and might provide you a lot of profit if the value increases.
  • You no longer have to worry about the banking hassle with bitcoin.

Disadvantages of bitcoin

  • Being volatile, it might cause a lot of losses.
  • Hackers always got their eyes on the bitcoins.
  • There is no refund policy.

Bitcoin: The World’s Fastest-Growing Cryptocurrency

Bitcoin is a cryptocurrency (or digital currency) that allows instant payment to anyone and anywhere. Bitcoin was invented in 2007 by ‘Satoshi Nakamoto,’ and it started working on its pre-stage in 2009. In the beginning, it was used as ‘open-source software’. Bitcoin is a digital currency that doesn’t belong to a central bank or any single administrator can be sent one user to another through peer-to-peer bitcoin networks without intermediaries like banks and other money transfer methods. Bitcoin is like real currency; it can buy anything on the internet just like the real money does. Find Crypto Exchange Australia compared the top ones and found that Bitcoin, Tether and Binance Coin are the top-3 cryptocurrencies with the highest market capitalization.

bitcoin-introduction

How does bitcoin work?

For a new user, it’s pretty much like how an Email works, and it works just like that. In Email, a person sends data to another person, similarly in bitcoin data, replaces digital money. You need to install a personal bitcoin wallet on your mobile or computer, and then it will generate your first bitcoin address. You can also have more than one address as you need. You disclose your address to your friends so they can pay you. Bitcoin addresses should be used only once, and then you have to add a new address.

How safe are bitcoins transactions?

Bitcoin transactions are recorded by a public ledger called ‘blockchain.’ Blockchain is the starting process of transactions in bitcoin. Bitcoins wallets keep hidden data, called a private key or seed, which is used to sign transactions. Also, it used to provide a mathematical proof that they came from their owner’s wallet. This proves how secure the bitcoin transaction is. All transactions are broadcast to the network through a process called bitcoin mining. If you are looking for any small business ideas, bitcoin trading is something that you can try.

What is Mining?

It is a distributed consensus system which uses to confirm pending transactions by including them in the blockchain. To preserve the neutrality of the network, mining enforces a chronological order in the blockchain and allows different devices to agree on the state of the system. You can invest in bitcoins using the online bitcoin trading website bitcoinsystem.app/de

To be sure, the transaction must be packed in a block with stringent rules that are required to be verified by the specific network. These rules prevent previous blocks from being modified because doing this would invalidate all the subsequent blocks. These blocks connect to other blocks and make the blockchain. Bitcoin transactions are completed securely by this process.

crytpomining

Merits of bitcoin

1. Fast peer to peer transaction

Bitcoin is open-source, its design is public, nobody owns and controls Bitcoin, and everyone can take part in it. It is merely a person to person money transfer which is fast and trustable.

2. Worldwide payments

Hundreds of merchants accept bitcoins payments. You can purchase any item from it and also earn bitcoins from selling items. It is like an international currency. Paying bitcoin to someone who is in another country is as easy as paying someone in the streets.

3. A higher value is relative to other cryptocurrencies

Have look on Crypto Head to know that the bitcoin has the most potent and stable value compared to any other digital currency at this time. This allows individuals to keep their original cost when converting to fiat currencies such as U.S. dollars and euro.

4. Low processing fees

Bitcoin comes with lower transaction fees compare to other digital payment methods such as credit cards and PayPal. Another digital payment method transaction cost is more than 2% or 3%; on the other hand, the bitcoins transaction value is more than 1% of its value.

Demerits of Bitcoin

1. Black market activity

Bitcoin is always attractive to criminals and grey market participants. It is always assumed that corrupt people hide their black money through bitcoin. Black Money can lead to a significant misuse of bitcoin.

2. No refunds or chargebacks

All credit card companies and traditional online processors have a policy for chargebacks or refunds, but bitcoin didn’t have this facility. If you order something and the seller never delivers the product, users can’t request a refund through bitcoin. This feature is yet to be built into bitcoin. In addition, the value of a currency is volatile, which might cause loss or profit both.

3. Always popular in hackers

Since bitcoin is the world’s most famous cryptocurrency, it faces more share of scams, fraud, and attacks than any other standard cryptocurrency do.

4. Negative environmental impact

Bitcoin mining causes environmental degradation. Blockchain companies consumes vast amounts of electricity. Big bitcoin mining companies use electricity from dirty coal plants, which makes routinely horrific smog, which makes a harmful environment for living beings.

Is Bitcoin Even Safe Now?

Blockchain technology is here to stay. Countries all across the world, notably the United States and the European Union, have made efforts to enable the use of these instruments under financial and tax laws and rules. A more cautious approach may be seen in China and other nations. Due to worries regarding price volatility and the possibility for money laundering and criminal activities, several other governments have taken steps to curb their usage.

Companies including gaming platform Steam have stopped accepting bitcoin payments because of its erratic value. However, its usage is growing in popularity, especially among the millennial population, since big corporations such as Microsoft, PayPal, Overstock, and Tesla accept bitcoin payments https://bitcoin-bankbreaker.com/ .

Merchants gain from reduced transaction costs and no chargebacks with bitcoin compared to credit card processors’ 2 percent to 3 percent. With Bitcoin, there is no need to disclose any personal information, such as a name or address. This is a major advantage for clients. By doing so, you protect your personal information and lessen the risk of it being stolen.

is bitcoin safe

Is Bitcoin safe?

Bitcoin is protected against theft by a variety of factors. The mechanisms that underlie bitcoin’s generation and transmission are secure because they are protected by cryptography. There is no single point of failure in Bitcoin’s usage of a distributed ledger technology (DLT), usually known as the blockchain, which provides owners with an auditable record of all their transactions.

Because of the decentralised ledger technology (DLT) used by Bitcoin, all transactions are transparent to the public, but the parties involved in the transactions remain anonymous, eliminating the risk of a data breach.

However, despite the capabilities of DLT and blockchain, attackers continue to target weaknesses in crypto-exchanges and crypto-wallets, the software used to store bitcoin on computers and smartphones and to make payments and swap cryptocurrencies for other digital or traditional currencies.

For the most part, crypto-exchanges and -wallets do not provide the same level of assurance and security as a bank. Even as the value of a bitcoin has risen, so has the amount of viruses and cyber assaults aimed at stealing the currency from users’ accounts, as well. Attacks may be profitable with the value of a bitcoin ranging between $29,000 and $63,000 thus far in 2021. Rather of concentrating their efforts on banks and other big financial institutions, hackers have begun targeting crypto-exchanges. One assault on the KuCoin exchange in February of this year resulted in a theft of $281 million worth of cryptocurrencies and 510,000 user logins totaling $293 million, according to Atlas VPN.

Cyberattacks known as “cryptojacking,” in which malware hijacks a computer’s power and resources in order to mine for cryptocurrency, continue to plague the online community.

It is imperative that bitcoin be used safely and securely as its popularity grows.

How to keep bitcoin wallets safe and sound

Cryptocurrency wallets continue to improve in security despite an increase in cyber assaults and remain one of the best methods to safeguard bitcoin. Each of the many wallet choices has its own set of security concerns.

1. Computerized wallets

When it comes to their bitcoin wallet, users must handle it as if it were a genuine wallet. Using both a hot wallet and a cold wallet is a recommended practice when it comes to bitcoin wallets. Only a limited amount of bitcoin should be stored in a “hot” (online) wallet for day-to-day usage, and the rest should be kept in a “cold” (offline) wallet. This prevents malware from gaining access to a user’s bitcoins by intercepting their wallet password or finding unencrypted wallet data in the device’s RAM.

types-of-bitcoin-wallets

2. Personal digital wallets that aren’t connected to the internet

You may use an offline wallet to verify that your operating system is virus-free and does not save, log, or cache your wallet keys. Loss or theft of a cold wallet results in the permanent loss of all bitcoins contained inside, hence it must be kept offline and physically safe. A hard disc that containing 7,500 bitcoins was thrown away in 2013 because the owner had forgotten about it. As of this writing, the sum would be worth about $322 million, which is around $7.5 million at the time.

To steal bitcoin from a cold wallet, a hacker would need access to the wallet and any related PINs or passwords used to access the wallet’s money, which would require physical access. It’s critical to remember the passcode if your offline wallet is encrypted. If a person dies, their heirs will not have access to the money in this wallet since it isn’t encrypted.

Bitcoin Mining: What it is and How it works?

Bitcoins is one of the leading cryptocurrencies with tremendous returns. When compared to the olden days, these days’ people are interested in making investments on Bitcoins. Many of us knew that the maximum limit for Bitcoin mining is $21 million. But many do not know about what is Bitcoin mining and how does it function. Here in this article, we will help you out with all mining-related queries before you start to invest in Bitcoins.

crytpomining

Bitcoin Mining

The term Bitcoins can be obtained in various ways. There are three ways of mining Bitcoins. One is to exchange cash for acquiring Bitcoins through Bitcoin trading agencies. The second way is to buy and sell through shopping, and the third one is mining new Bitcoins, which involves complex mathematical problems.

Mining involves the process of accumulating Bitcoins transactions to the global public ledger called Blockchains. The Blockchain keeps track of all the Bitcoin transactions as Blocks. The Blockchain also helps distinguish the actual Bitcoins from the already used Bitcoins for spending in the Bitcoin transaction.

Hash

When the Bitcoins are transacted, it will be recorded as blocks in the Blockchain. The miners will use the information in the Block for the mining process by applying complex mathematical functions by turning the data into a Hash, which consists of a random series of numerals and characters.

The hash not only contains the encrypted information of the current Block. It will also have encrypted information of previous blocks. This hash technique is very secure. When some anonymous user tries to access the Block, the entire hash will get changed to a completely different sequence, making it harder for the malicious user to access the blocks in the Blockchain.

Another exciting thing about hash is, the information in the mixture can be of varying lengths. But the hash length of all the blocks will be in the same period.

Bonus

A miner’s job is to effectively maintain all the Bitcoin that has been transacted as blocks and distinguish the actual Bitcoins from the already spent Bitcoins. There is software for mining Bitcoins. If a block in Blockchain is sealed and completed, it means that the mining process is complete, and the miners with successful mining are awarded bonuses!

As the Bitcoins are mined in fewer amounts, the value of the Bitcoins also will rise as that of Gold. Even though Gold cannot be extracted in large quantities, its value will last for a long time. The price value will also increase, and the rate drop will be at a slow pace. The same applies to Bitcoin. So as the value increases, the rewards for successful mining will also increase.

bitcoin-mining

The process of hashing is straightforward, with the advancements of computer technologies. But what happens if miners start producing thousands of hashes at the same? To make a steady hash production, the Bitcoin system should enforce certain time constraints or slowing down the process.

Proof of work

The Hash production in the blockchains is proof of a Bitcoin transaction. To ensure a safe Bitcoin system and avoid fraudulent activities, the hash generation must be complicated more, and the processing time must also be increased. By making complex hashes, the intruders will not be able to identify or decrypt the hash information. If the intruder tries to access the Block, the hash information will change automatically into a more complex form. To invest in bitcoins you can visit cfd trader website

Working of Blocks

This section briefly explains the working of Blockchain here:

The user first initiates a Bitcoin transaction either by selling or buying. This transaction is recorded as blocks in the Blockchain. Next, a verification process will take place to check whether the deal is valid or not. The next step is to make the block information of the previous Block and insert it into the new Block in hash format. Next is the proof of the work process takes place.  If the Block is valid, it will be added to the Blockchain and sent to the network as a new hash block.

Thus this article has given a deep insight into what Bitcoin mining is and how does it work.

10 Trending Crypto Exchanges in 2022

Trends are born every few days in the world of cryptocurrency. Some crypto coins fall in price, some become more expensive. But in all of this fuss, it is vital to stick to the plan you have created and use reliable tools to make your financial operations.

On the one hand, some trends can be your friends rather than enemies. On the other hand, every popular method or tool should be viewed critically and analyzed. Still, the fashion for proven exchanges is good since it lets you choose a reliable tool in a minute and never regret using it.

The crazy popularity of exchanges like Coinbase, Kraken, and Binance makes the crypto world go round with thousands of transactions taking place every minute. So, this short read will enlist a few of the top exchanges for the end of 2021 to know which platforms you can confidently rely on.

First, we will describe 10 platforms on our top list. Let’s get started!

10 Trending Crypto Exchanges

1. Binance

This global crypto exchange is a leading service among low-fee platforms making crypto available for everyone. Its great plus for beginners is the intuitive interface and structure, allowing quick and efficient exchange with under 10,000 USD cost.

Binance can boast a choice of crypto coins. Its number in the domestic version exceeds 50 and is still growing. It seems like everything you can dream of in a crypto exchange is found on Binance. The only minus is that many US states currently do not allow their citizens to hold accounts on Binance.

2. Kraken

‘Low fees’ is the first thing that comes to mind of every Kraken enthusiast. And really, the maker fee at this service is very low and equals 0,16-0,26 % depending on the transaction. This makes the exchange a perfect choice for anyone buying crypto for individual use or business and orienting on bulk purchase.

This is also one of the first exchanges ever created in the history of cryptocurrency. It is super protected, has excellent cybersecurity safety records, and offers endless features for advanced users.

3. LetsExchange

This exchange is younger and, at first, may seem an unpretentious place. Until you find out it trades over 200 coins, calculates your profits, and never puts a limit on an exchange.

Starting level traders will appreciate the informative blog where relevant tips are regularly uploaded. For example, you can learn about the cryptocurrency list price or find out new trading strategies. Besides, a chart tool shows you the changes in the price of different crypto coins for the last 24 hours and the average profit received in this timeframe.

Plus, if you want to find the newest crypto coins and make, for example, XMR to PIVX exchange, this place will let it happen.

Other famous and reliable exchanges include:

4. com

Crypto.com exchange is also famous for a broad range of cryptocurrencies. Over 100 of them are available for trading, and it gives generous additional perks. In addition, the tool makes exchanges a funny game that you never want to quit!

bitcoin-introduction

5. Gemini

The service resembles Coinbase in its ease of use and functionality. It is perfect for beginners, with low convenience fees and plenty of opportunities to trade different sums.

6. io

With fees a bit higher than on Kraken and a more complicated trading procedure, this tool is still valuable because of the abundance of new Altcoins that you can exchange here with no limits.

7. coin

This less famous tool allows you to buy all types of coins at a relatively low fee of 0,1%. Its special perk includes having 20% off the fee if you pay with Ku coin’s KCS stable coins.

8. Coinbase Exchange

The place remains the largest US-founded exchange with the most attractive features but higher than average fees.

9. Bitfinex

Finally, there is an advanced tool for those in trading for a long time with the option of margin trading and lending.

10. Luno

Luno is primarily attractive for its easy use, accessibility of all kinds of coins, and perks such as free crypto for inviting friends. Here you can trade on the run.

Conclusion

Many of these platforms remain the gold standard to other services. As a result, using them will increase the odds of successful and secure trades. But don’t rely just on exchanges – count on your strategy and knowledge of the market.

Where Can I Exchange COTI to CAKE Safely and Fast?

Investing in blockchain is not a walk on the park if you don’t know where to buy, sell, and convert your tokens. Are you looking for an excellent platform where you can convert COTI to CAKE safely and quickly? Find out how you can trade COTI for CAKE in this guide.

What is COTI?

COTI is an enterprise branding itself as a fintech project. Its main purpose is to an acceptable payment solution by digitizing any tokens and fiat currencies. This venture should minimize transaction fees and save time by performing quick transactions.

The project uses blockchain protocols to optimize decentralized payments. This functionality makes COTI user-friendly for DApps, governments, stable coin issuers, and merchants.

Where can I exchange COTI to CAKE

In an attempt to bring a change in the blockchain ecosystem, the COTI group launched COTI Pay. This app counters challenges and risks arising from using conventional financial services.

COTI is exceptional in the way it effortlessly creates time-saving fintech products using fewer data and money. As a result, you can optimize the platform and trade the stablecoin for other tokens. 

What is CAKE?

CAKE crypto is a decentralized native token fueling the PancakeSwap ecosystem since June 2019. Its main role was to generate liquidity and cash flow within the blockchain space. 

Though it is a DeFi project, CAKE operates on the Bitcoin network. The token circulates through proof of stake protocols and master nodes.

CAKE is an all-time crypto project for investors who want to make passive income. If you want to make passive income, here is a chance to trade in the PancakeSwap ecosystem. In addition, you can earn rewards by staking CAKE tokens –you will earn rewards for holding your assets on the platform. Consequently, many merchants use the platform to acquire higher rewards. Reasons you should invest in CAKE:

  • The platform is decentralized, making it easier to earn higher returns even when prices drop.
  • The site is transparent, thus allowing traders to analyze the software metrics on the public nodes and calculate rewards. 
  • You don’t have to worry about the safety of your assets, thanks to the enhanced safety features. 

Where to exchange COTI to CAKE quickly and safely

Here are the top three sites you should try to find favorable crypto exchange rankings and pairs for profitable COTI to CAKE investments. 

1. Binance

This exchange platform is popular for processing almost every crypto transaction. Unlike other exchanges, trading COTI for tokens like CAKE on Binance is quick and doesn’t incur a higher conversion fee. You are also guaranteed liquidity when trading on Binance, making buying, selling, and exchanging assets easier. 

2. KuCoin

KuCoin is a well-known competitive trading platform renowned for charging lower transaction fees safely. Since its inception, KuCoin has been providing secure and fast transactions for more than 200 tokens, including COTI. And the best thing about KuCoin is that you will find the newest cryptocurrencies listed on the platform. This gives you a chance to try investing in new assets. 

3. Gate.io

This exchange site guarantees safe, quick crypto transactions for new and experienced traders. In addition, traders can find a variety of altcoins on Gate.io, including a COTI to CAKE trading pair. 

Top Reasons Why Popularity of Bitcoin is Getting on its Peak

The popularity of the cryptocurrency market has already passed the market of critical psychology. It is proven to be great that it is continually offering so many benefits to investors.  There are a lot of crypto companies out there that are continually investing money in bitcoin. Bitcoin has become the leading cryptocurrency, and the price of it is continually rising.

If you want to invest money in bitcoin, you will have to pay close attention to various important things. Lots of retail investors, famous billionaire investors and large institutions are continually investing money in it. Therefore, it would be better to start with Bitcoin payments that has become one of the most popular trading platforms to help you buy and sell bitcoin. Here are a few things that you need to consider before investing money in bitcoin.

Reasons Why Popularity Of Bitcoin Is Getting On Its Peak

Limited supply

You will find different kinds of assets out there that are already considered a store of value. The most popular and common asset that comes to mind is expensive metals like gold or anything that comes with a limited supply.

Bitcoin is also similar to gold with a limited supply and offers considerable benefits to investors. If you also want to invest money in bitcoin, you will always need a steadier financial plan like a genuine portfolio of low-cost index funds that will benefit you.

Accepting in business

No doubt, the world has become a highly digital play.  Trading has already been possible via an electronic payment system. Moreover, online trading is being possible via payment services. Cryptocurrencies are continually getting popular that are continually following a person-to-person system and always use a primary medium of exchange. Moreover, blockchain technology is always used in various cryptocurrencies that use cryptography to create new units and protect transactions easily.

Cryptocurrencies are considered one of the best alternatives to conventional currencies as these are continually following a decentralized network. If you are a beginner in the world of bitcoin, then it is your responsibility to invest a considerable amount of time in research and learn everything about it. Make sure that you are making a genuine decision.

Popularity of cryptocurrencies

Just like conventional cryptocurrencies, bitcoin also comes with a value. The bitcoin market is entirely volatile, and the value of such an incredible cryptocurrency keeps on fluctuating. The main reason such significant cryptocurrency’s value is skyrocketing is just because of pervasive usage across the world.

bitcoin-cash

Most individuals and businesses are continually using bitcoin as a primary payment method instead of conventional currencies. In addition, many consumers are continually using such fantastic cryptocurrency just because of higher convenience and higher safety & security.

Make A Genuine Decision

You will find cryptocurrencies like bitcoin are continually gaining massive popularity because many companies and businesses are continually accepting bitcoin in their businesses as a primary payment method. Through this, trading has become entirely possible and more accessible for a person. You will find many people are continually choosing the businesses, real estate businesses and coffee shops that can accept bitcoin payments. Make sure that you are paying close attention to the value of bitcoin and its growth rate.

According to the professionals, the value of such an incredible cryptocurrency will surely increase as lots of businesses and retailers are continually accepting it as a primary payment method. If you don’t want to face any complicated problems in the future, then you should invest wisely.

Cheap, easy and quick transaction

Bitcoin has become one of the significant cryptocurrencies that aren’t dependent on any bank & central authority. The best thing about bitcoin is that you will not have to pay a higher transaction fee if you transfer to others.

For example, suppose you are transferring funds via banks internationally. In that case, the bank will charge huge charges like transaction fees from both receiver and sender that take many days to complete a specific transaction. However, suppose you are transferring funds via bitcoin. In that case, it can be quite a more straightforward process because it takes a few minutes to complete a particular transaction, and you don’t have to pay a higher fee for the transaction.

Top 5 Advantages of Blockchain Certification

Blockchain technology today has spread across a wave of industries. Blockchain has gone far off its genesis and a report says that annual worldwide spending on this technology has nearly tripled since 2017. Annual spending on blockchain solutions is anticipated to reach $16 billion by 2023. Today, almost every industry, be it gaming, banking or finance are realizing blockchain applications.

blockchain-certified-professional

“Everything will be tokenized and connected by a blockchain one day.”

– Fred Ehrsam

From the perception that blockchain is meant only for banking purposes, it successfully moved to the implementation by almost every sector like:

  • messaging apps (like Telegram)
  • hedge funds (Numeral)
  • Voting (as in Follow My Vote)
  • Internet Identity and DNS (as in IBM Verify Credentials)
  • Critical Infrastructure Security (for example, blockchain-enabled keyless signature infrastructure)
  • Ride Sharing (used by Arcade City)
  • Internet advertisement
  • Crypto exchanges
  • Education and academics (as used in Learning Machine)
  • Car leasing and sales
  • Cloud storage, cloud computing, mesh networking
  • Industrial IoT, forecasting, and real estate
  • Blockchain marketing

Now it is clear that blockchain is finding its application everywhere and making a career in this field would definitely prove to be a huge success. Let us explore how taking up a Blockchain certification course can let you make a pronounced career move.

Let us now see what actually Blockchain means.

What is Blockchain?

Blockchain is no new term for people involved in investments, banking, or cryptocurrency.

Blockchain, which is based on peer-to-peer (P2P) topology, is a distributed ledger technology or DLT. It allows data to be stored across the globe on numerous servers that allow anyone on the network to see everyone else’s input in near real-time. This makes it difficult for any user to achieve control of the network.

Simply put, blockchain is a chain of blocks, where ‘blocks’ refers to the digital information that is stored in a public database that is ‘chain’. Blockchain was initially created to serve as a platform to support Bitcoin.

Blockchain provides businesses with the promise of transactional transparency, which gives them the ability to create secure, real-time communication networks with partners worldwide that includes supporting everything from supply chain to payment networks, or real estate, and healthcare data sharing.

Blockchain technology conserves a record of entire exchanges of data that takes place. In terms of cryptocurrency, transfer of every information is referred to as ‘transaction’, and the database where all transactional records are saved is referred to as a ‘shared ledger’. Every successful transaction is added as a ‘block’ in the ledger.

Reasons to get Blockchain Certified

The candidates who wish to make a career in the Blockchain domain can go for blockchain certifications that are offered by the blockchain council. The certifications render a thorough knowledge of core concepts of blockchain and may prove to be the pathway to a lucrative career in this domain. Getting blockchain certified makes you industry-ready by making you develop the right skills you need to be proficient in the domain.

Let us read about the reasons why you should get Blockchain certified (as stated by the Blockchain council): A census states that 50% of people use the Internet today, but only 0.5% use blockchain; this can be taken as an opportunity to move ahead and learn blockchain.

You need to:

  • Understand how blockchain technology works.
  • Learn the skills related to blockchain.
  • Collect useful resources and make their efficient use.
  • Implement your knowledge in building decentralized applications.

1. Huge demand for blockchain professionals

Blockchain is trending today, and there is a shortage of skilled professionals. You can develop the required skillset and land on to a lucrative job.

2. Excellent salary and high job prospects

Indeed.com reveals the average annual salary of a blockchain developer to be USD 92,982.  The salary increases with your experience and also, the job market is bright for blockchain enthusiasts. The roles for which companies are looking for are:

  • Cryptocurrency Developer
  • Cryptocurrency Analyst
  • Cryptocurrency Trader
  • Cryptocurrency Mining Technician
  • Systems Engineer
  • Bitcoin Full-Stack Developer
  • Cloud Engineer
  • Senior Software Engineer

3. Absolute Disruption in chain

Blockchain is capable of adding significant value by improving confidence between parties and minimizing friction in the value chain. Hence, it creates many job opportunities as managers might be reassessing their value chains, and players might be estimating their future positions.

4. Industries on Blockchain

Apart from banking, almost every industry is implementing Blockchain technology today, such as energy resources, supermarkets, healthcare, cloud storage, real estate, travel and transportation, voting, and many other sectors.

Other advantages of getting blockchain certified include integration with new-age technologies, the inflection point of an era, data security and digital identity, calculated investments in cryptocurrencies and ICOs, vast infrastructure.

Bottom line

Blockchain is considered a disruptive technology which means that it is capable of bringing out drastic changes in the industry. Eventually, it has become one of the dominant technologies in the market today. The reason being that blockchain is an open-source ledger that is public. It makes transactions fraud-free, and no central authority controls it. The transactions made using blockchain are faster and reasonable.

Since blockchain is applied in almost every industry today, you can choose the industry you like and move ahead to make a career in it. You can choose from the many job roles offered by the blockchain council.

To achieve blockchain certification, it is strongly recommended that you take up a training course. There are several benefits of taking up the training course by some genuine online training provider.

Firstly, the thing that you worry about is the study material, from where to start and what to study. By taking up the course, you don’t need to care about this. Secondly, no time limitations are there and you can study anytime you wish to, and that too at your own pace. Third, you can choose from the modes of learning offered, that is, blended learning, instructor-led, or online training. All you need is to get yourself registered.

5 Ways Artificial Intelligence is Helping to Save Our Planet

It takes a high level of data analysis to predict the effects of climate change and the implications of our actions to stop and adapt to it. Often, scientists have terabytes of data, but not the computing power to make sense of climate issues like hurricanes. But this level of analysis is possible with artificial intelligence (AI). In fact, AI may be the best weapon we have to combat and adapt to the effects of climate change. That’s because it can analyze large chunks of data from past events and make accurate predictions about future ones.

Today, AI is helping to monitor and predict everything from glacier retreat to commercial waste management. As innovations in “deep learning” march on, AI’s prescience will help inform scientists about climate impacts and policymakers on the most prudent steps for adaptation. Here are some critical ways AI is helping to preserve our planet.

1. Smarter Home Energy Use

AI is helping save the planet by assisting homeowners through energy-efficient smart homes. The Internet of Things and today’s “smart devices” let homeowners control their energy use and lower their monthly bills. Smart thermostats can adjust temperature settings for specific rooms in a house. Smart water sprinklers can change water usage based on weather forecasts. And smart security systems can cut down on false alarms calls — so fewer gas-guzzling trips by first responders. The automation, connection, and prediction power built into these smart devices allow homeowners to lower their carbon footprint.

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But smart energy use is not just about conservation — it’s also about the best time to use energy. Peak energy hours like evenings are higher-demand, higher-cost times. Smart devices can automate energy use for low-demand hours. Plus, off-peak times like mid-day are when alternative energy sources like solar and wind contribute the most. Therefore, smart technology promotes renewable energy.

2. Soil Conservation

Soil degradation is a problem often overlooked in the media. But it has serious consequences for humanity’s ability to adapt to and survive climate change. It takes a millennium to generate only three centimeters of topsoil, and soil degradation is happening at a much faster rate. Chemicals, deforestation, erosion, and global warming are major contributors to soil degradation. And if the current rate of degradation continues, the planet’s farmable land could disappear within 60 years, according to United Nations officials.

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But farmers and scientists are using AI to help conserve the soil by marshaling complex algorithms along with robots and drones to detect erosion and monitor soil health. For example, one company has developed an agricultural app to help farmers identify nutrient deficiencies within their soil. And farmers are using machine learning to predict the best times to plant, irrigate, and harvest crops based on weather changes. Accurate predictions mean less need for pesticides and fertilizers, which degrade the soil.

3. Exploring and Protecting Oceans

Scientists watch and test the health of oceans because they’re the best indicators of Earth’s health. Microplastics, increased CO2 levels, and ocean acidification are changing the surface of the planet. The key to protecting oceans is exploring and monitoring them for changes. Climate scientists and oceanographers are using AI technology to drive autonomous marine vehicles to the deepest depths. And some companies are developing autonomous garbage collection systems that would help remove plastics and floating debris.

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Another emerging technology — blockchain — is helping to track fishing and identify illegal behavior. Blockchain is the same technology that powers cryptocurrencies like Bitcoin. The technology acts as a transparent ledger for transactions. Blockchain is a decentralized system, which means it operates autonomously and isn’t subject to misuse and abuse. Trust is critical to international treaties that regulate fishing quotas and manage overfishing. Blockchain technology can record each fish (e.g., tuna) with a scannable code uploaded to the ledger. Therefore, retailers, customers, and regulators can confirm that fish are legally caught.

4. Air Pollution Detection

AI is becoming an invaluable tool for tracking our air quality and identifying sources of pollution. During accidental emissions, city air quality officials need to identify and respond quickly. Some European cities are using leak sensors and AI to help create emission maps, predict mortality rates, and estimate financial costs of emergency responses. These data points give decision makers a more accurate view of the air pollution along with more targeted remediation.

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In addition to monitoring air pollution, AI is also cutting tailpipe emissions. AI manages self-driving cars to make getting from point A-to-B more efficient. Self-driving automobiles can cut oil consumption and greenhouse gas emissions by 2% to 4% annually. AI and global positioning systems operating driverless tractor-trailer rigs will make deliveries non-stop, faster, and less costly to the planet. Complex algorithms, sensors, and traffic lights are directing traffic flow in some cities. These systems are currently reducing travel time by 25%, braking by 30%, and idling time by 40%.

5. Evaluating the Efficacy of Action

AI is bringing powerful ways to monitor and predict threats to our environment. Synthetic thinking adds value for scientists, officials, and policymakers by giving them deeper looks into current environmental situations. Perhaps, more than anything, AI’s biggest potential lies in figuring out where solutions hit the mark and where they miss. It’s counterproductive to invest resources and time into bad solutions. But that’s highly likely, given the complexity of climate change and adaptation.

Where do we invest? Which coastline needs saving the most? What communities are at a higher risk? With dwindling resources and bigger dangers, we will face some hard decisions in the future about where to deploy our efforts. At some point, those decisions will mean life or death. We will need quick thinking and accurate data. Evaluating our options and predicting their implications is where AI will bring the most value.