Blockchain: A Distributed Ledger Technology
With a limited talent pool, Blockchain professionals are high in demand. From non-financial banking companies to private firms, Blockchain is creating amazing job opportunities every now and then.
Because he said, cryptocurrencies are not ideal for transactions in the country as India already have better alternatives (like UPI) for making transactions. More recently, in the last week of March 2021, the government made it mandatory for companies to disclose investments made in cryptocurrencies.
Blockchain technology has far-reaching applications across many industries. Blockchain is already used to facilitate identity management, smart contracts, supply chain analysis, and much more. The full potential of blockchain technology likely remains to be discovered.
The jobs in this domain are increasing at the rate of 2000-6000%. The blockchain developers salary in India is seen to be 50-100% higher than other developer jobs.
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The skill of building the data structure from scratch is also essential for the blockchain developer. Knowledge of programming languages like C++, C-Sharp, C, Scala, Java, Python is also required. An individual can learn all the necessary knowledge about algorithms and data structures from the repository on GitHub.
In March 2020, the Supreme Court struck down the RBI's ban on crypto, terming its circular unconstitutional. One of the SC's reasons for overturning the ban is that cryptocurrencies are unregulated but not illegal in India.
So, in simple words, investing in Bitcoin is completely legal and you can do so through various apps and traders in the market. ... The Bitcoin price in India has surged from Rs 4,65,012 on March 19, 2020, to Rs 42,56,636.63 on March 19, 2021 (1 Bitcoin), as of writing this article.
A large portion of these investors has bought in over the past two years. Regardless of your investment stance, there is a strong possibility that cryptocurrency will be impacting you and the future of business transactions.
It was estimated by International Data Corporation (IDC) that there would be the fastest growth in Blockchain technology adoption in the years 2017-2022. Blockchain developers have been receiving a handsome salary currently. In the United Kingdom, Blockchain Developer's salary ranges from $ 60,000- $ 140,000 per year.
Blockchain isn't a particular set of skills, a background or a degree. It's a rapidly growing industry that is becoming the most exciting emerging tech sector in the world.
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