Y-Axis Foundation Blog

Good to know about Block Chain – Next Generation Technologies

Posted on June 8, 2020
Comment (0)
Share :

What is the Blockchain technology

What is the Blockchain technology?

Blockchain is a new and trending word in the field of information technology. Blockchain technology is simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. A blockchain is oftentimes public, digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks.

Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger’.

Decentralized consensus has therefore been claimed with a blockchain. Blockchain was invented by a person using the pseudonym Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The identity of Satoshi Nakamoto is unknown.

Blockchain is a technology to create and maintain a cryptographically secure, shared, and distributed ledger (a database) for transactions. Blockchain brings trust, accountability, and transparency to digital transactions. Transactions are encrypted before they are stored and shared. Blockchain is essential because it allows us to own digital goods, assets, and data.

The blockchain ledger helps to provide transparency for transactions. Although many bitcoin transactions are in some ways anonymous, the blockchain ledger can link individuals and companies to bitcoin purchases and ownership by allowing individual parties, called miners, to process payments and verify transactions.

Blockchain is the paradigm-disrupting technology that is on everyone’s mind, dominating the headlines in tech publications, and making investors get that tingly feeling.

The basic advantages of Blockchain technology are decentralization, immutability, security, and transparency.

  • The blockchain technology allows for verification without having to be dependent on third parties.
  • The data structure in a blockchain is append-only.
  • It uses protected cryptography to secure the data ledgers.

The rising demand for blockchain technology is naturally signalling the need for a pool of blockchain talent all over the world. The sudden demand for this relatively infantile technology, which is less than a decade old, is facing a huge crunch of human capital trained in this technology.

To work with this technology, it is essential to know how to code. A Blockchain Developer must know one of the modern programming languages like Java or C++. These languages don’t just help create applications for blockchain, but also help learn contract-based or blockchain-based languages like Simplicity or Solidity.

Some of the basic skills that will aid in becoming a successful blockchain developer are:

  • Strong background in software development.
  • Experience working with open-source projects.
  • Experience working with large codebases.
  • Strong knowledge of data structures and algorithms.

Best programming languages for blockchain.

C++ the language behind every major technology used in the industry, C++ retains its superiority even in the blockchain technology:

Blockchain-Focused Master’s Degree Next Generation Technologies

This 36-semester hour Blockchain-Focused Master of Science degree in Next Generation Technologies concentrates on the next generation of technologies that could cause major disruptions in the way we live and work. Blockchain technology is the focus of this program at present because it is recognized worldwide as a serious disruptive force in the history of money as well as ledger technologies. In a short period, hundreds and thousands of blockchains have emerged to address multiple problems in financial, business, social, and even political arenas. The program offers concentrations in Blockchain and Quantum Information Science.

Program Goals

The student graduating with a Master of Science in the Next Generation Disruptive Technologies program will be able to:

  • Recognize the necessity for conducting a theoretical and empirical analysis
  • Adapt to rapidly changing technology, advanced learning, and entrepreneurship qualities
  • Master Blockchain as one specific type of disruptive technology

Admission Requirements in master’s for International Students

Bachelor’s degree preferable in Computer Science with knowledge of Programming language, coding and Cyber security. Requirements include details of project work done and minimum CGPA of 3.5

Minimum IELTS score 6.5
GRE Scores

List of Universities in the USA that Provide in Block Chain Technology Course

  1. Cornell University
  2. Duke University
  3. Georgetown University
  4. MIT
  5. NYU
  6. Princeton University
  7. Stanford University
  8. University of California Berkeley
  9. University of Illinois Urbana Champaign

10 Top Companies Using Blockchain

  • SALT Lending
  • Mythical Games
  • Gemini
  • Circle
  • Coinbase
  • Chronicled
  • IBM
  • Voatz
  • Steem
  • Shipchain
Share :


More Posts

Submit a Comment