What Are The Three Pillars Of Blockchain Technology?

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What Are Three Pillars Of Blockchain
Technology

• Blockchain is undeniably an ingenious invention.
  The technology that formed the framework for
  Bitcoin has evolved in the last decade and
  emerged as a mainstream technology. It has the
  potential to impact different business segments
  and also pave the way for new developments.

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• Whether, finance, healthcare or real estate
  sector, you name the business domain and
  blockchain platforms find application in every
  field. The proliferation of Blockchain technology
  is so much so that it has also emerged as a
  popular career option the demand for Blockchain
  certification and Blockchain online training
  program has increased.

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• What makes us think is what is that thing that is
  making Blockchain and inevitable technology of
  the future. What forms the core of this
  technology? Well, we will be exploring the same
  in this blog.

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Three Pillars Of Blockchain Technology
Blockchain Trilemma

• Every technology is based on some structural
  framework which becomes its key attributes.
  Similarly, for Blockchain, there are some
  underpinnings that make it such a dynamic and
  useful technology. But before going ahead, it
  becomes important to understand what is
  Blockchain Trilemma. This concept was brought
  forth by Vitalik Buterin (founder of Ethereum).
  Blockchain Trilemma involves three basic
  concepts

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• 1. Security
• 2. Scalability
• 3. Decentralization

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• Decentralization- This is one of the key features
  of Blockchain technology wherein there is no
  intervention by administering authority. There is
  no central hub, the system works independently,
  and the two parties interact with each other
  without sharing the revenue or commission with
  the third party. Besides, the lack of
  centralization makes the data readily available
  at any point in time.

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• Security- One of the biggest concerns surrounding
  cryptocurrency is security. Individuals using
  Blockchain platform are assured of security
  because of data encryption. Use of crypto wallets
  is one such technique that guaranteed security of
  your digital assets.

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• Scalability- Blockchain can build while keeping
  up the seamless functioning of other tasks. The
  system must be ready to handle the volume of
  transactions or exchange every second.
• These three pillars form the core of Blockchain
  technology. While you are pursuing Blockchain
  online training, you will become a Blockchain
  expert, who understands the working of Blockchain
  and the fact that the trilemma is what makes this
  technology so important.

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How Do We Help ?

• Blockchain Council is a renowned platform
  offering online Blockchain certification
  programs. This exhaustive training program
  includes all the details about Blockchain
  technology and its use cases. Any Blockchain
  online training program is incomplete if it does
  entail practical applications of the same. This
  unique Blockchain certification program curated
  by professionals at Blockchain Council will offer
  you comprehensive learning. It will help in
  boosting your career.

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• Blockchain technology is going to become the
  strongest underpinning of many industries. It
  will help in making the technology as the hottest
  skills and having a Blockchain certification will
  increase your prospects of growth.

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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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