Ethereum Cryptocurrency For Beginners

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Ethereum Cryptocurrency For Beginners
- Global Knowledge Technologies
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• Despite bitcoin having the most substantial
  market share, Ethereum Cryptocurrency is also
  gaining immense popularity. This blog walks you
  through a detailed understanding of this
  blockchain marvel so that you can ponder on
  getting started with your investment career.
• To put it in the simplest form, Ethereum is a
  decentralized platform that can be utilized for
  the development of numerous applications.
  However, the most crucial advantage of Ethereum
  Technology is that, it allows the users to define
  programs that govern the working of a
  decentralized app. No human interference is
  needed when youre dealing with such an automated
  application, which is why cryptocurrencies like
  this are rising more than ever.

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Where can you use Ethereum?

• Blockchain Technology has disrupted several
  industries by offering a functioning ground to
  cryptocurrencies, along with instilling a peer to
  peer network. Since Ethereum Cryptocurrency is a
  product of blockchain, there remains an added
  benefit of ensuring user trust as there is no
  governance to control all the data accumulated in
  the system. This means your exclusive data is not
  pooled in a single companys servers when youre
  dealing with an application of the Ethereum
  platform.
• Apart from easing the process of making online
  transactions, Ethereum also supports
  Decentralized Autonomous Organizations (DAOs).
  These DAOs can tremendously help when it comes to
  turning a pre-existing organization into a
  decentralized and automated body.

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Why should you use a decentralized network like
Ethereum?

• Referred to as more than just a cryptocurrency,
  through Ethereum, you can do a lot more than
  transferring some amount. Although there are
  various options for carrying out electronic
  transactions, using a decentralized system like
  this renders exceptional advantages.
• The entire data in a decentralized system can
  only be tweaked by the authorized user, thus
  taking user privacy and data security to a whole
  new level.
•  There are no distinguishing factors that might
  restrict you from gaining access to this
  platform. This way, anyone, and everyone can use
  and learn Ethereum despite their geolocation or
  any other factors. You dont need to get along
  any strict regulation or meet any compliance in
  order to begin utilizing this platform.

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An Overview of Smart contracts based on Ethereum

• Smart contracts are predefined programs designed
  to carry out a specific task when certain
  conditions are fulfilled.
• When programmed correctly, theres no way a smart
  contract can malfunction or get manipulated.
  Consecutively, external influence reduces to
  zero, thus assuring trust in the system as
  blockchain eliminates any fraudulent activities.
• Using Ether, you can, bring favorable changes in
  your workflow and leverage numerous benefits of
  this decentralized technology.

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Ethereum Market is soaring

•  New York-based Consensys known as an epicentre
  for ethereum blockchain technology has made an
  entrance to India recently and is looking forward
  to growing the ethereum blockchain ecosystem in
  the country.
• According to a recently released list by Forbes
  of 50 companies with minimum revenues or
  valuations of 1 billion and U.S. operations
  that are exploring or integrating blockchain
  technology into their operations, more than half
  of the companies are working with Ethereum.
• Head of Innovation for State Bank of India Sudin
  Baraokar was recently found to make a statement
  that traditional banking service could see a
  downfall by 2030, with Blockchain taking the
  leading place.

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Scopes and Future Prospects

• Ethereum Cryptocurrency is here to stay and it
  wont be inappropriate to say that the future of
  professionals who are skilled in Ethereum
  Technology is quite bright and awarding. Pursuing
  the right Ethereum Training from the right
  trainer hence can open a door to limitless
  opportunities for the professionals.

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Scopes and Future Prospects

• Expected Salary Considering the demand, it is
  estimated that Ethereum Developers based on their
  experience and expertise are offered somewhere
  between 5L to 30L INR per annum. However, the
  professionals should keep this in mind that they
  need to be trained properly.
• Skills Required The programmers and developers
  who decide to take up training in Ethereum
  Cryptocurrency are expected to gain a
  comprehensive knowledge and overview on Ethereum,
  smart contracts, and development language-
  Solidity.
• Huge Job Oppurtunities A good number of
  blockchain companies are mushrooming up,
  including some of the reputed companies like
  Cyber Infrastructure (CIS), Leeway Hertz, Somish
  and many more. Apart from this, India, with each
  passing day, is fuelling up with numerous
  Blockchain technology start-ups with great
  business models and funding.

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• Hence, if you are someone who holds the
  aspiration to get trained in this emerging
  technology and make a difference in your career
  graph, this is the right time to get enrolled in
  the course offered by Global Knowledge
  Technologies by clicking in this link. Ethereum
  Training.

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Thank you!