What Are The Three Pillars Of Blockchain Technology_


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Uploaded on Apr 23, 2020

Category Education

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 programs has increased.

Category Education

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What Are The Three Pillars Of Blockchain Technology_

Copyright © Blockchain Council www.blockchain-council.org 1 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. Copyright © Blockchain Council www.blockchain-council.org 2 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. Copyright © Blockchain Council www.blockchain-council.org 3 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. Copyright © Blockchain Council www.blockchain-council.org 4 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: Copyright © Blockchain Council www.blockchain-council.org 5 1. Security 2. Scalability 3. Decentralization Copyright © Blockchain Council www.blockchain-council.org 6 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. Copyright © Blockchain Council www.blockchain-council.org 7 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. Copyright © Blockchain Council www.blockchain-council.org 8 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. Copyright © Blockchain Council www.blockchain-council.org 9 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. Copyright © Blockchain Council www.blockchain-council.org 10 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. Copyright © Blockchain Council www.blockchain-council.org 11 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 Copyright © Blockchain Council www.blockchain-council.org 12 THANK YOU! Any questions? You can mail us at [email protected] Copyright © Blockchain Council www.blockchain-council.org 13