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learning blockchain

6 reasons why you should learn blockchain today

The world develops at a very fast pace. Technology does too. We are sure you’ve heard a lot about blockchain recently. But what is all that buzz about? Does blockchain really have any good to do to the world? Or is it just a hype that will pass some time later? Should you start investigating that field or not? Should you start learning blockchain?

The short answer will be: no, blockchain is not just hype and is totally worth learning. To know more, continue reading this post about why blockchain should be your next skill to develop and what are its main advanced features that can be of help to the world.

But before we get to why blockchain deserves your attention, let’s see shortly what blockchain is.

Blockchain is a shared, trusted, public ledger of transactions available to everyone but not controlled by any single identity. The consecutive string of every block ever executed makes up a blockchain. It is a distributed database of chronologically ordered transactions. You can take a look at our Blockchain Glossary for a more thorough explanation.

Now that we know a little more about blockchain let’s get to this article’s main topic!

1. Job opportunities and high salary

Undoubtedly, blockchain has brought a number of new professions to the job market that have become the most demanded ones. In fact, blockchain was announced by LinkedIn as the most in-demand skill of 2020. Some examples of such professions are back-end blockchain developers, smart contract engineers, dApp developers, cryptocurrency analysts, traders, mining technicians, etc.

Since 2017, these occupations’ salaries have risen significantly, and now the annual average is $70K for entry-level to $175K for more experienced professionals. Though it might seem scary to shift your career to the blockchain, it requires very little time and effort in reality. Specialized courses will help you with the process, no matter if you are a beginner or a more experienced specialist. You can learn more about how software developers, particularly, enter the blockchain industry with this article

2. One of the core technologies of the future

As of 2018, only 0.5% of the world was using blockchain technology. However, it is estimated that in 2024 blockchain will gain mass adoption. Moreover, the blockchain market is expected to climb to over 39 billion U.S. dollars in size by 2025, according to Statista. It is one of the most cutting edge technologies nowadays. Thus if you want to not fall behind the world, you better start learning blockchain already today. Furthermore, as the quote says, “The early bird gets the worm.” The early adopters of the technology will have significant advantages when the rest of the world starts using blockchain.

3. Smarter cryptocurrency investments

The most widespread use cases of blockchain are indeed cryptocurrencies. If you are interested in crypto investments, you have to know the principles of blockchain and DLTs to make better and smarter investments. Moreover, that knowledge will help you better understand the ICOs and master the rules of the crypto world.

4. Blockchain’s impact on other industries

There is a false assumption that blockchain can be used only in the finance sector. Of course, it can bring many advantages to finance and banking; however, other industries can benefit from blockchain as well. Those industries range from real estate to healthcare, from fashion to food, from education to Horeca, and more. Many big companies have already started using blockchain, such as CarrefourNestleWalmartIBMAmazon, etc.. Furthermore, blockchain absolutely disrupts the supply chain by making everything faster, lessening the possibilities of fraud, and saving finances by removing intermediaries. So if you think that blockchain won’t get to your industry, we can prove you wrong.

Now let’s have a look at the advanced features of the underlying technology that is totally worth everyone’s attention and can be the solutions to the present-day issues of the world. Below we will introduce a couple of them.

5. Digital identity and Cybersecurity

It’s a well-known fact that a lot of our information is available online and can easily be a matter of hacking and fraud. With blockchain, all the information is fully secured with a strict cryptographic system, which is impossible to hack. And the owner of the data has control over who can get access to it. Moreover, the user’s identity will always stay anonymous. Blockchain enables more secure storage and management of our digital identities by providing an interoperable, tamper-proof, and unified infrastructure. 

6. Integration with other systems

Another significant advantage of blockchain is that it offers a universal infrastructure that can be integrated with any technology and system, regardless of whether it is old or new. Besides, the whole concept of blockchain and the DLT system works amazingly with the Internet-of-things (IoT). And very soon, we will witness the remarkable influence of blockchain, AI, and IoTs on our everyday lives. 

Summary

One thing is certain. In several years blockchain is going to disrupt many industries. In order to go with the development of the world, you would rather start learning it today both for professional and personal purposes. If you don’t know where to start, Nooor is here to help you. Take a look at the courses we provide to beginners and more experienced specialists. If you prefer self-learning, take a look at our Blockchain Glossary with the easy explanations of blockchain terms and Nooor’s quizzes to check your knowledge. Have fun!

Celebrities in crypto: Singers

Top 5 Celebrities in Crypto: Singers

The number of cryptocurrency users is growing as fast as greased lightning, and celebrities occupy a prominent place among them. More and more stars are shifting to the decentralized world which surely deserves praise. Today we have prepared this blog post for you about 5 celebrities you won’t believe are into crypto. So let’s not wait any more, and jump into the most interesting part!

1. Mel B

Do you know who is one of the first artists to accept Bitcoin as payment for their songs and performances? The original Scary Spice from the pop band Spice Girls, aka Melanie Brown, aka Mel B!

She sold her 2013-2014 Christmas single “For Once In My Life” directly from her website in exchange for Bitcoin through a partnership with CloudHashing. Cloudhashing is one of the biggest companies in the industry which offers bitcoin-mining contracts. 

“I love how the new technologies make our lives easier, and to me that’s exciting,” said the artist. She also added that Bitcoin unites her fans all over the world with just one currency.

2. Akon

Earlier this year the 47-year-old artist Akon shared a tweet telling about the finalization of the agreement for AKON CITY. Akon initially announced plans for the futuristic “Crypto city” in 2018 to be built on a 2,000-acre land gifted to him in 2018 by Senegal’s President – Macky Sall. After the city construction, the community will trade using only the Akoin – a Stellar-based cryptocurrency the singer will launch later this year.

As Akon claimed, the city is going to be mainly focusing on solar energy, with the transactions fully based on crypto.“It’s a 10-year building block so we’re doing it in stages. We started construction in March and stage two is going to be in 2025”, Akon said in an interview with Power 106 Los Angeles.

Estimates put the value of constructing the self-sufficient, eco-friendly city at around $2 billion.

According to Akon, blockchain and crypto will save Africa, return the power to the public and make them independent from the government. 

As regards to Akoin, it will be available in all 54 African countries, according to its website.

The Akoin ecosystem is intended to be not just a currency, but also a way to establish credit, borrow money, access government services, and more. Akoin whitepaper went live in March this year.

3. Katy Perry 

The well-known singer and currently the third most-followed person on Twitter Katy Perry has shown her support towards crypto in 2018 by posting an image of her crypto-themed manicure on Instagram. Her nails were decorated with 3D images of five cryptocurrencies (Bitcoin, Ethereum, Litecoin, Stellar, and Monero) over a background of US dollar bills. 

With the caption: “$—CrYpTo ClAwS—$”, the singer also tagged the Instagram accounts of all five cryptocurrencies to show her support for the blockchain. Overall it gained more than 200,000 likes.

Moreover, in November 2017 Perry shared another post on Instagram with American investor Warren Buffett saying: “nbd just asking Warren Buffett his thoughts on cryptocurrency”.

4. 50 Cent 

Famous rapper Curtis Jackson aka 50 Cent, was a bitcoin millionaire for years and found out about that only at the beginning of 2018.

In 2014 he sold his album “Animal Ambition” for a fraction of a single bitcoin and earned about 700 bitcoins – worth nearly $662 each at that time, and about $400,000 in total. Apparently, he forgot about them afterwards. In 2018 they were worth more than $7 mln and nearly $6.8 mln now.

“Not Bad for a kid from the South Side, I’m so proud of me”, 50 Cent wrote in an Instagram post, but later deleted.

5. Nasir “Nas” Jones

American rapper Nas is also a venture capitalist. In 2014 QueensBridge Venture Partners was launched, when the firm invested in Bitfury Group as part of a $20 million Series A investment round. The track record of the QBVP investing in blockchain and crypto projects also includes BlockCypher, Coinbase, and Robinhood. 

Nas also told in an interview with Coindesk in 2014 that he was an investor in Coinbase. “Bitcoin will evolve into an industry as big, if not bigger, than the Internet. This isn’t of the Internet age, bitcoin is its own age,” Nas explained. The rap star added that many obstacles will occur from the security and privacy side, yet 20 years ago the internet was in the same condition.

Unbelievable, right? Now you know a little more about your favorite singers and their involvement in the blockchain industry. You see the more we explore the world of crypto the more we see people choosing it as it is more convenient, more secure and provides lots of benefits. You can become a part of this emerging world already today. So don’t lose your time and start investigating the blockchain and crypto space!

Our Blockchain Glossary and Blogposts can be a good start for you!