What are the different types of blockchain technology explained
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- 2. Copyright © Blockchain Council www.blockchain-council.org What Are The Different Types Of Blockchain Technology? Explained Technological advancement leads to new internet business and end-user advantages. Blockchain's a field-tech. From Bitcoin's fundamental basis to the mainstream system, during this time, Blockchain witnessed tremendous growth. Food, banking, health, marketing. All these sectors are now seeking Blockchain professional's active participation, employing Blockchain specialists who can offer their company most of this technology. But when we're talking about Blockchain, not only distributed ledger technology, it's utilized in numerous sectors. Below are key characteristics of Blockchain. 2
- 3. Copyright © Blockchain Council www.blockchain-council.org 3 Blockchain's key characteristics Ledger Distributed Technology—Blockchain distributes unique transaction records. Time-stamping provides security. And once a record comes, it won't alter, making Blockchain extremely secure. Unchangeable records— No system participant may change the record in the ledger. When a record mistake occurs, a new transaction must be corrected while the shared ledger displays error-free, error-free entries.
- 4. Copyright © Blockchain Council www.blockchain-council.org 4 Smart Contracts— Smart Contracts improve speed and transparency. Both are pre- programmed contracts. Once requirements are fulfilled, the transaction is finished. We know that public blockchain caused numerous worries due to easy participation and lack of oversight. These characteristics continue as Blockchain gains capacity. Use blockchain.
- 5. Copyright © Blockchain Council www.blockchain-council.org 5 Blockchain types: Public blockchain networks-an open blockchain system where anybody can participate. Intimacy, system inconvenience. Private networking. But unlike public blockchain, private blockchain structured networking. That's a little safer than Blockchain's public. Networks Blockchain— big site. Remember, Blockchain. This platform limits system role. Participant must join.
- 6. Copyright © Blockchain Council www.blockchain-council.org 6 Consortium- Different organizations share Blockchain's responsibilities. Pre-selected organization determines who supplies or accesses data. That's great for companies where all stakeholders require authorization and shared accountability. Chain and enhance your career Blockchain council provides blockchain training of blockchain technology and application expertise. If you wish to join this growing technology, now is the perfect moment to attend Blockchain Council's blockchain education program.
- 7. Copyright © Blockchain Council www.blockchain-council.org 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 7
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