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Blockchain is a super hot topic right now — with every business — from big banks to small businesses —wondering how they can leverage this new technology to help get ahead and one-up their competition. But what exactly is blockchain?
To delve a little deeper into the specifics of blockchain, particularly as it relates to business purposes, we need to outline the differences between a public blockchain and a private blockchain.
2018 was a tough year for the whole cryptocurrency industry. The key players experienced their record highs and lows; struggled in the bearish market; and suffered from hacks and forks. The market ended up with a significant fall in crypto prices and overall capitalization, which decreased from $604 billion to $130 billion in a year! This dramatic drop has brought a new wave of skeptic voices telling stories about bubbles and the upcoming crash of the entire ecosystem. However, it’s 2019 and cryptocurrency is still here, alive. So, what’s next?
Disclaimer: this article doesn’t include exact predictions as the cryptocurrency industry is highly volatile and unregulated. So, don’t consider the following information investment advice.
Blockchain technology has taken the leading position amongst software development companies in terms of the demand for programmers. Talented blockchain engineers are currently the most required in the field and gain, on average, more than $150, 000 per year in the United States.
However, many growing talents in software engineering still have a lot of questions related to blockchain development and concerns about the security of the app architecture. Referring to the word “blockchain,” it can be described as an online system that is duplicated on thousands of computers and distributes the information amongst them. These machines are called “nodes” and they help build the blockchain. This distribution and the specifics of the blockchain architecture allow keeping the Bitcoin or other cryptocurrencies data safe from hacker attacks.