Become an Ethereum Expert in 2020: A Comprehensive Guide

Blockchain has completed a decade long history in the world of technology. During these years, it has permeated different sectors and has given some outstanding solutions that are going to pave the way for significant developments ahead. When we talk about Blockchain, then it is more than just Bitcoin. There are several other additions to the same, and one such is Ethereum. Unlike just being a cryptocurrency, Ethereum also works as a platform for app development, making it a more profound cryptocurrency.

The popularity of Ethereum is evident, and there are several companies which are looking for Ethereum developers if you are also willing to make a career growth in the field of Blockchain technology and want to learn about Ethereum, its time that you must run through this comprehensive guide that will help you understand this concept.

What is Ethereum framework?

Developed by Vitalik Buterin, Ethereum is an open-source Blockchain platform that became available to all in 2014. This platform is being used for decentralized app development. It allows users to run Smart Contracts in a run-time environment.

Working of Ethereum mining :

Ethereum, unlike Proof-of-Work, follows the Proof-of-Stake protocol and now Casper protocol. In the case of Proof-of-Stake, we have validators instead of miners, and they put a certain amount at stake which gets locked. As and when the validator validates the blocks, and it gets appended, they get rewards on the addition, which is proportional to the amount put at stake.

Smart Contracts:

Smart Contracts are how things proceed in Ethereum. Smart Contracts are a series of instruction which are written in Solidity and works on If-This-Then-This-That logic.

Popular feature of Ethereum:

Well, one of the features which have made Ethereum so popular is that it works as a platform for decentralized app development or dAPPs. The user can create their dAPP from anywhere at any time and get funding for the same by ICO or Initial Coin Offering by preparing and presenting the whitepaper on the same.

Use cases of Ethereum-

It has been found useful in the Banking sector, for digital identity management, ICO’s, financial services etc.

Conclusion- This overview of Ethereum would have given you an insight into this technology. If you are willing to become an Ethereum developer and want to grow in the world of technology, its time to register for an Ethereum Developer course offered by Blockchain Council. As a part of this course, you will get complete information about Ethereum and its implementation. So, don’t wait, register today.

Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology "Blockchain".

About Blockchain

Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally.