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Monday, June 24, 2019

How to Learn Blockchain

When the digital currency Bitcoin burst onto the scene a decade ago, blockchain became the way to track it. Today, the tech community has found a multitude of other uses for blockchain. Businesses use it to track, store and transfer information transparently and securely.

Many people have heard about blockchain technology due to its connection with cryptocurrencies, but few understand its capabilities. In this blog, we’ll share some of the key skills, training and certifications to help you learn blockchain and jumpstart your career in this lucrative field.

What Is Blockchain?

Essentially, blockchain is a continuous list of records and transactions (known as blocks) which connect to one another using cryptography. Each of these single blocks contains a cryptographic hash of previous blocks, a timestamp and applicable transaction data.

What makes blockchain technology so valuable is it cannot be modified or tampered with retrospectively. As an open ledger, verifiable transactions can take place between two parties with minimal security risks.

Blockchain is quickly becoming one of the most sought-after skills in America. In a recent Deloitte survey, 53 percent of business executives said blockchain technology was a critical priority for their organization in 2019.

Skilled blockchain developers can earn a median salary of around $127,000 and make upwards of $172,000 in tech-heavy regions like New York City or Silicon Valley. The personal benefits of learning blockchain are clear. But today, there are a limited number of blockchain developers with the skills and aptitude necessary to obtain these advanced positions.

Since blockchain is still a new technology in the business world, many IT professionals are unfamiliar with the barriers to entry and qualifications for these positions. Let’s take a look at how you can develop the skills necessary to obtain a career in blockchain technology.

How to Learn Blockchain

Most people who seek out blockchain skills have a background in software engineering or programming.

Some universities such as MIT and Stanford are starting to offer courses in blockchain and cryptocurrency engineering. Specialty schools like Blockchain University in Silicon Valley even offer a blockchain-specific curriculum.

While earning a Bachelor’s or Master’s Degree in Computer Science is one way to learn blockchain and cryptocurrency technology, it’s not required for success in the industry.

There are several other ways of learning blockchain beyond a traditional four-year degree route.

Learn Cryptography

Cryptography is one of the fundamental elements of blockchain technology.

Cryptography involves studying techniques for communicating and storing information securely while eliminating the risk of interception by outside parties.

As a key component of blockchain technology, cryptography is necessary for ensuring transaction integrity, guarding against security breaches and much more. Understanding cryptography can provide a strong foundation for learning blockchain technology.

Take Ethereum Training Courses

Ethereum is a blockchain platform that supports a distributed ledger and smart contracts.

Smart contracts are computer programs that create contractual agreements between two or more parties. Ethereum network nodes can be used to execute smart contracts.

Anyone can create Ethereum decentralized applications on public networks, so learning it can be beneficial to those interested in blockchain technology.

Recommended Training: Ethereum Training – Blockchain Development Bootcamp

Learn Programming

You can use several programming languages to create applications for blockchain technologies.

Traditional programming languages like C++, Python and JavaScript are popular for blockchain. A few new languages, such as Simplicity and Solidity, which are more specific to blockchain, are also becoming popular.

As a new developer, it can help to participate on social platforms such as GitHub, Reddit and Stack Exchange. Visiting these forums allows you to chat with experienced individuals, seek advice and ask questions from other members of the community.

Learn about the best programming languages for developers at every skill level.

Practice Mechanism Design

Mechanism design is an inverse form of economic game theory. Mechanism design takes desirable outcomes and works backward to create games that strategically influence people’s decision making.

Mechanism design is closely related to cryptoeconomics as it can be used to produce specific outcomes. These mechanisms are used to create economic incentives using cryptography and decentralized software.

Learning the fundamentals of mechanism design can help you better understand the important elements of blockchain technology.

Take Blockchain Training Courses

Perhaps the quickest and easiest way to learn blockchain technology is by taking blockchain training courses.

While programming experience can be useful, any motivated individual can successfully learn the basics of blockchain.

New Horizons offers several blockchain training courses for business and IT professionals interested in learning the technology. Here are a few courses to help you get started:

  • Blockchain – An Overview for Business Professionals: This course provides an introduction to blockchain for technical professionals who need to make decisions about architecture and development platforms in their business. It covers the benefits, use cases, implementation guidelines and future of blockchain technology.
  • Blockchain Architecture Training: Interested in learning how to create blockchain apps? In this course, you’ll take a deep dive into the architecture of a blockchain application and learn how to develop one from the ground up.
  • Blockchain Security Training: This more advanced course covers all known aspects of Blockchain security, including threats, risk mitigation, best practices, advanced Blockchain security and more.

Blockchain Career Paths

Leaders in every industry are looking to incorporate blockchain technology into their business processes. As a result, new blockchain-specific job titles are emerging to meet the demand.

There are several different career options available once you have mastered blockchain, including:

Blockchain App Developer: Developers are responsible for creating real-world applications for different types of businesses.

Blockchain Project Manager: This role acts as a liaison between business personnel and Blockchain app developers. They strive to understand the needs of both parties to create a streamlined Blockchain development process.

Blockchain Legal Consultant: These consultants give business owners and their teams critical legal advice for building legal partnerships and contracts. They are knowledgeable about initial coin offerings (ICOs) and the handling of transactions that use Blockchain technologies.

Blockchain Web Designer: Since many businesses have begun incorporating Blockchain technology into their website, Blockchain web developers are in high demand to create consumer-driven websites.

Blockchain Quality Engineer: Companies rely on blockchain quality engineers to maintain adequate development standards. They must test different scenarios within the Blockchain world using automation frameworks, testing devices, platforms and network capabilities.

These are just a few of the highly sought-after positions related to blockchain technology. As the technology grows, there are sure to be numerous job opportunities to follow.

Learn Blockchain With New Horizons

As the world’s largest independent IT training company, New Horizons provides blockchain training courses for people of all backgrounds, regardless of skill level or career interest.

Whether you’re an experienced software developer or simply looking to start on a new career path, New Horizons can provide you with blockchain training to help you accomplish your goals.

Ready to learn blockchain technology and begin a path toward the career of your dreams? Start your journey today with New Horizons blockchain training courses.

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