Blockchain 2.0 Ethereum DApps and Job Trends - Edureka

Blockchain 2.0 Ethereum DApps and Job Trends - Edureka Blockchain 2.0: Ethereum DApps and Job Trends Back Home Categories Online Courses Mock Interviews Webinars NEW Community Write for Us Categories Artificial Intelligence AI vs Machine Learning vs Deep LearningMachine Learning AlgorithmsArtificial Intelligence TutorialWhat is Deep LearningDeep Learning TutorialInstall TensorFlowDeep Learning with PythonBackpropagationTensorFlow TutorialConvolutional Neural Network TutorialVIEW ALL BI and Visualization What is TableauTableau TutorialTableau Interview QuestionsWhat is InformaticaInformatica Interview QuestionsPower BI TutorialPower BI Interview QuestionsOLTP vs OLAPQlikView TutorialAdvanced Excel Formulas TutorialVIEW ALL Big Data What is HadoopHadoop ArchitectureHadoop TutorialHadoop Interview QuestionsHadoop EcosystemData Science vs Big Data vs Data AnalyticsWhat is Big DataMapReduce TutorialPig TutorialSpark TutorialSpark Interview QuestionsBig Data TutorialHive TutorialVIEW ALL Blockchain Blockchain TutorialWhat is BlockchainHyperledger FabricWhat Is EthereumEthereum TutorialB lockchain ApplicationsSolidity TutorialBlockchain ProgrammingHow Blockchain WorksVIEW ALL Cloud Computing What is AWSAWS TutorialAWS CertificationAzure Interview QuestionsAzure TutorialWhat Is Cloud ComputingWhat Is SalesforceIoT TutorialSalesforce TutorialSalesforce Interview QuestionsVIEW ALL Cyber Security Cloud SecurityWhat is CryptographyNmap TutorialSQL Injection AttacksHow To Install Kali LinuxHow to become an Ethical Hacker?Footprinting in Ethical HackingNetwork Scanning for Ethical HackingARP SpoofingApplication SecurityVIEW ALL Data Science Python Pandas TutorialWhat is Machine LearningMachine Learning TutorialMachine Learning ProjectsMachine Learning Interview QuestionsWhat Is Data ScienceSAS TutorialR TutorialData Science ProjectsHow to become a data scientistData Science Interview QuestionsData Scientist SalaryVIEW ALL Data Warehousing and ETL What is Data WarehouseDimension Table in Data WarehousingData Warehousing Interview QuestionsData warehouse architectureTalend T utorialTalend ETL ToolTalend Interview QuestionsFact Table and its TypesInformatica TransformationsInformatica TutorialVIEW ALL Databases What is MySQLMySQL Data TypesSQL JoinsSQL Data TypesWhat is MongoDBMongoDB Interview QuestionsMySQL TutorialSQL Interview QuestionsSQL CommandsMySQL Interview QuestionsVIEW ALL DevOps What is DevOpsDevOps vs AgileDevOps ToolsDevOps TutorialHow To Become A DevOps EngineerDevOps Interview QuestionsWhat Is DockerDocker TutorialDocker Interview QuestionsWhat Is ChefWhat Is KubernetesKubernetes TutorialVIEW ALL Front End Web Development What is JavaScript â€" All You Need To Know About JavaScriptJavaScript TutorialJavaScript Interview QuestionsJavaScript FrameworksAngular TutorialAngular Interview QuestionsWhat is REST API?React TutorialReact vs AngularjQuery TutorialNode TutorialReact Interview QuestionsVIEW ALL Mobile Development Android TutorialAndroid Interview QuestionsAndroid ArchitectureAndroid SQLite DatabaseProgramming Bitcoin is first and for emost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example of a similar situation, e-mail is one particular use of the internet, and for sure helped popularise it, but there are many others. Dr Gavin Wood, Ethereum co-founder about Ethereum DApps. Bitcoin was the first official mainstream application of blockchain technology. For four long years after its release, the only tried and tested use case of blockchain was cryptocurrency. This belief was challenged by nineteen year-old Russian-Canadian programmer,Vitalik Buterin who submitted a white paper that proposed a new approach towards blockchain in the winter of 2013. This project went under development after funding was achieved by a crowdsaleheld between July and August 2014.The project, later named Ethereum by its founders, went on to become a revolutionary platform within the blockchain technology. The main idea behind Ethereum was to use blockchai n in applications which were not limited to cryptocurrency. Ethereum has been dubbed by several blockchain experts and enthusiasts as Blockchain 2.0. This is because the architecture of Ethereum is more developer-friendly and allows more use-cases and applications.Ethereum, as a platform, is used to create what developers call DApps (short for Decentralized Applications). These softwareapplications, unlike traditional computer/mobile apps, are not governed by a central server. DApps use cryptographically encoded blocks and are therefore more secure and reliable than traditional web apps. Since there is no mastercopy of a DApp, downtime is also next to none.Now that you have a basic understanding of what a DApp is, lets look at a few trending applications based on Ethereum in the market. We will also look at Ethereum job trends.Ethereum DApps: The Future of Applications?As discussed earlier, when compared to traditional applications, Ethereum DApps offer several advantages. These inc lude:Improved stabilityNo downtimeHigher reliabilityNo need to integrate third-party payment gateways. Users can transact directly using Ether.Signing up or creating an account is not required. Users are automatically assigned credentials.Proven privacy and securityAll these advantages are probably enough for most developers to start adopting the blockchain approach for application deployment. In fact, several tech giants like IBM and Facebook have started working on projects over blockchain. We might even see blockchain renditions of popular mobile and computer apps in the very near future.Hope you liked our take on Ethereum DApps and the job market for this amazing blockchain platform. By now, you may have already decided whether or not Ethereum should be your next career milestone. If you have, check out our comprehensive Ethereum course here. Not sure whether blockchain is the right career path for you? Read a few more blogs here and decide for yourself.If you have any questions regarding Ethereum, Blockchain or DApps, feel free to write to us in the comments section below. Well be happy to interact with you!Recommended blogs for you Everything You Need to Know about Blockchain Architecture Read Article Different Types Of Blockchain And Why We Need Them Read Article Defining Blockchain Technology Read Article How to Become a Blockchain Developer? Types, Roles and Skills Read Article What is Blockchain? Step-by-Step Guide for Beginners Read Article Hyperledger vs Ethereum Which Blockchain Platform Will Benefit Your Business? Read Article How to write your first Smart Contract? Read Article How to learn Blockchain? 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