Top 5 Key Blockchain Features You Need to Know About

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Top 5 Key Blockchain Feature You Need To
Know About

• Blockchain is a trendsetting technology that has
  paved the way for a lot of developments. Being a
  decade old now, it has made its way across to the
  different sectors. Initially, Blockchain started
  off in 2009 as the underlying framework for
  Bitcoin. However, over a period of time,
  Blockchain evolved as the mainstream technology,
  and now it finds myriads of applications.

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• If you are a technocrat, then you would
  understand that every digital platform needs to
  be absolutely safe for the users. The
  conventional technology that we are working on is
  not able to provide the right kind of support,
  which actually becomes a hurdle in the mass usage
  of digital media. With the intervention of
  Blockchain, we can expect this to change and
  hence, come up with systems that are safer and
  easy to use. So, lets explore how Blockchain is
  going to drive change in the world.

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What Makes Blockchain So Different?

• Many are still unaware of the potential that
  Blockchain technology holds. It is a breakthrough
  technology that is slowly paving the way for a
  lot of developments. In a real scenario,
  Blockchain is eliminating the drawbacks of the
  conventional technology, thereby becoming a great
  solution provider to the problems that exist in
  the current system.

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• Here Are Some Of The Key Features That Make
  Blockchain Inevitable
• 1. Decentralization- One of the key things that
  differentiate Blockchain from other technologies
  is decentralization. It means that the data is
  not stored at a centralized location, rather it
  is distributed, which makes accessibility easy.
  Even in case of server failure, you dont have to
  worry about losing the data. It remains safe and
  easily accessible.

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• 2. No third-party interference- It means that
  there is no third party involvement. With this,
  it becomes easier to achieve faster transactions
  without having the need for verification and
  validation. This will eventually prove helpful in
  the faster transaction and also saves the cost as
  you dont have to pay to the third party. This
  feature of Blockchain can prove helpful to the
  SMEs, banks, and other financial institutions.

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• 3. Cryptography- You would know that any data
  that once gets fed in the DLT become immutable
  and free from alteration. It is because all the
  data is encrypted cryptographically, thus
  assuring that no one can alter the data or change
  it. Also, it becomes important to mention here
  that every transaction in Blockchain gets stored
  as Block. Now each block is linked to another
  hence if there is a change in one Block, the
  other will get impacted. Hence, it becomes
  evident that there has been some alteration with
  the data. All these factors thereby ensure better
  surveillance of the data.

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• 4. Faster settlement- This point comes from the
  fact that Blockchain doesnt have third-party
  involvement. It means that there will be no
  wastage of time, which otherwise goes in
  validation and verification of information.
  Thereby guaranteeing faster settlement.

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• 5. Smart Contracts- It is one of the greatest
  advantages of Blockchain. Smart Contracts are
  pre-programmed contracts with certain conditions.
  Once these conditions are fulfilled, the contract
  is executed. With this, you can expect faster
  execution of the agreement, thereby ensuring that
  parties get the payment without delay.

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• All these factors make Blockchain an inevitable
  technology. In fact, it has also become a
  lucrative career option. If you, too, are willing
  to become a Blockchain expert, then you can
  consider investing in the Blockchain
  certification program by Blockchain Council and
  open new avenues of growth for yourself.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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