Introduction
We can finally say that we’ve been able to start to unlock the full potential of world-wide-web. This means that we have implanted it in our society, governance, and education, with great repercussions as well. Now, it’s time to revolutionize our finance with the internet, more specifically by using Blockchain Technology – and here’s how you can get started on Blockchain.
“A Blockchain is a digital ledger of records that are arranged in chunks of data called blocks. These blocks then link with one another through a cryptographic validation known as a hashing function. Linked together, these blocks from an unbroken chain – A Blockchain.”
‘Blockchain’, a mashed up word which simply can be separated by two tones.
When you connect a number of digital blocks (don’t get confused with your lego blocks) in a chain, it theoretically becomes Blockchain. You can really combine bank, stock exchange, anything and everything that is related to the market material into the Blockchain network.
Now, Blockchain is accepted by millions of people making it one of the most hyped and trendy subjects today. So if you want to get started on Blockchain there was never an easier time as it is now.
Why it’s so cool
The most interesting part of Blockchain technology is that every information is transparent here:
who exchanges information, what are the information and where the information is sent are all recorded and viewable in the Blockchain. Most blockchain providers are aimed at decentralization, meaning no authority can overwrite anyone’s information.
Yes, we have e-commerce, forex, buy & sell websites and much other electronic finance solution for our needs, but Blockchain is actually beyond that.
Through Blockchain you can create your own currency (completely real and very much usable), implant trading platform within it, run multinational commercial company and achieve any wild dream you can think of internet.
Top-tier IT companies including IBM, Samsung, Intel, Nvdia and more are already investing huge amount of resources on Blockchain research. It seems as if everybody is on the same page to conclude that: Blockchain Technology is a profitable opportunity and the future of finance.
In this article, we will be covering:
- How the blockchain is formed
- Its profitability
- How to get started on Blockchain
- Source of information
- And finally, a Step-by-step tutorial for Blockchain development and a verdict.
Blockchain: A Brief History
Blockchain was initially published by Satoshi Nakamoto in 2008.
(A fun fact is that nobody to this day could know that whether Satoshi Nakamoto was a person or group of people nor who is Satoshi Nakamoto.)
Although similar developments as Blockchain occurred in several events since 1991, due to vulnerability and lack of proper features those projects were not successful.
Instead, Satoshi Nakamoto implanted Blockchain technology in first digital currency (Cryptocurrency), Bitcoin. The original paper of Bitcoin read Block and Chain separately. The Blockchain 2.0 emerged in 2014; by providing a programmable language to create more sophisticated blockchain information exchange it is now widely accepted.
Approximately 10 years ago, Bitcoin made its first appearance around the globe. Initially, each bitcoin was worth less than a penny now gained a value over $10K. As you might have guessed: companies and investors are showing a huge interest in Blockchain due to this increase of price in a short period.
And the snowball beggan to roll. As a result of 1400 Blockchain based cryptocurrencies have been created by this decade – with few signs of stopping, this industry is expanding and making a huge impact on our e-commerce.
Now it is the time that we should start exploring the field.
Why would you get into this?
The Blockchain is a profitable opportunity, the future of finance and probably the best thing invented after the internet.
Why?
Think of how we are being controlled by mainstream media and government. Various things are being restricted, media controls what gets published and our information worth nothing.
Blockchain actually replaces the inability of ourselves on the web and it can help us to get all information bypassing the barriers of any government or authority.
Our cash also faces restriction and charges even when we are living in an independent country.
The Blockchain, however, can bypass the flow of money behind the eye of anyone.
What do you need to accomplish this?
In order to achieve success in Blockchain development field, you will need to research and come up with plans. A Blockchain project must have a viable plan, a set of goals and users acceptance.
Earl Nightingale once said to gain success “All you need is the plan, the roadmap, and the courage to press on to your destination.”
To get started on Blockchain and it’s journey, you will firstly require inspiration. Browse projects and popular articles published by professionals, here you might discover the magic of Blockchain and start falling in love with this fascinating field. Then take aim at development and start building a graphical-algorithm about your product.
The algorithm should highlight the project’s path of the establishment. What it should provide, how it will be constructed and operate, why would people accept it and what gains you will receive; these questions should appear on the algorithm.
Blockchain projects tend to provide service to a vast amount of people, so a team is a must to have in any Blockchain project. However, you can also find amazing developers hidden as freelancers, making this another profitable opportunity.
What is available out there
The Internet has resources to every major stuff going around our world. Thanks to Google, Quora and Bitcointalk that you can actually ask for any info related to Blockchain. For more clear and visual details Youtube and Udemy courses are the real deal.
Few of the best websites for Blockchain tutorials can be found are.
The following sites are good for staying up date with Blockchain technology. The contents range from trading, forecasting, engineering the Blockchain platform to the upcoming new Blockchain technology.
The following sites are good to get started on Blockchain. The contents in these sites include the basic knowledge of Blockchain and Cryptocurrency.
Few of the best books on Blockchain you can read are listed below. These books are top rated by professionals in the Blockchain platform and highlighted in their blogs.
- “Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World” -Don and Alex Tapscott.
- “Down the Rabbit Hole: Discover the Power of the Blockchain” -Tim Lea.
- “Blockchain: Blueprint for a New Economy” -Melanie Swan.
- “The Science of the Blockchain” -Roger Wattenhofer.
Step by Step Process
Define a deadline – Use a calendar
Measure your time and set your goals. Don’t push too hard, take it slow and steady. Browse all aspects of Blockchain platform so that you can gain experience. Make a routine and break the entire period of your Blockchain study into parts of time. You can use a calendar and set weekly goals. By that, you will reach your final destination through a planned process and likely you will enjoy the journey.
Do some research
We know that visual education is far more beneficial than just reading text. An image does not only speak a thousand words but also stays in your mind for longer time. As always, Youtube is the most accessible and smooth platform out on the web that you can use to learn any aspect of Blockchain. But for more sophisticated and professional videos head to Udemy for some expert courses. There you will find tons of videos for newbies to pros.
If sometimes staying in front of an electronic device makes you bored, or tired, you can try developing habit of reading book. If you already love to read physical book, congratulations, you can read some of the most amazing books out there on Blockchain. The books will help you understand the technology from scratch. For people who love digital book can really purchase few books from the internet and learn on the go.
Among the stacks of knowledge available on the internet sometimes things are not organized. It is possible for you to get lost in the vastness. In this case, you should go for guided series; where all the knowledge makes sense and covers entire subject. For Blockchain, you can take Udemy and Blockgeeks courses. These will help you to understand head, legs, and bones of Blockchain.
Start playing around
Practical knowledge is very important in Blockchain platform. Unless you experience the methods of how Blockchain works, you can never know how it actually works. Make challenges and try accomplishing them.
There are few clients (software) available for Windows, Mac, and Linux in order to develop Blockchain. Try running those on your computer and start developing Blockchain. Suitable tutorials can be found on the web or in the official document for the clients. Read the instruction and start hitting the console. The more you practice the perfect you will become.
Get into a community
The Blockchain is attracting more and more people toward it. So that now people love the conversation related to Blockchain. Hundreds of communities are built aiming to projects backed by Blockchain. You should be part of the global movement. Bitcointalk is a popular platform for having conversations on Blockchain. Reddit and Quora are also favorite among the Blockchain professionals
Conclusion
The application for Blockchain platform is vast and new aspects are being revealed each day. As the futurists say, Blockchain technology is the new internet. It destroys the boundaries of the traditional trading system. Emerged with Bitcoin, Blockchain technology is now being used in hundreds of projects and by millions of people. It’s time you should embark on the journey for a better future.
So, What are you waiting for? Let’s get started.