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Day: July 22, 2019

How Learning SAS Will Help Me in Investment Banking Career

Posted on by Imarticus Learning

SAS is a Statistical Analysis programming tool. Gaining proficiency in the SAS domain helps you make those complex statistical calculations. It is a desirable certification to get especially for risk-analysts in banks. A risk-analyst with an Investment Banking Career relies on SAS, for assessing investment risks that have the potential for default, foreclosure or termed bad loans. Such loans are poor risks and the banks have to ensure the borrowers pay the loan and interest in time.
An Investment Banking Career and SAS Certification involve a high degree of proficiency in mathematics, data engineering and a very good understanding of statistical analysis. You can do a career-oriented course at a reputed institute like Imarticus Learning for a credit-risk analyst. Normally the IB courses and working in IB do not use SAS extensively. They learn the languages and skills of an investment banker. However, if you plan to be an analyst in retail banking or risk-analyst in the investment banking division then SAS learning is a priority. Courses such as these also prepare you for measurable certification of technical skills. The Investment banking certification measures your skills in the services of an investment bank. Namely,

  • Acquisition and mergers.
  • Advice on buy-outs and acquisition of firms.
  • Trading in securities.
  • Corporate finance.
  • AMC.
  • Services involving Custodianship.
  • Restructuring of debts.
  • Capital market investments.
  • Other allied services.

Education:
The career progression in IB requires sound financial knowledge. A graduation degree is not mandatory though IB encourages disciplines like finance, economics, business administration, and mathematics which do give you an upper hand. Doing an Investment banking certification endorses and enhances your skill sets for the job and your resume. Certification also serves the purpose of being a measurable index of practical implementation skills in the basics of IB. The career progression ladder may also have an odd-ball who starts as an Intern, moves to an Associate role, and then upwards to Vice President, CFO, MD job roles etc.

Skills Required:
The Investment Banking Career field’s crucial skills are a mix of soft skills and technical skills. The basic attributes are

  • A graduate degree for Associate roles.
  • Financial and business modelling knowledge.
  • Conceptual knowledge of accounting and financial issues and solutions.
  • Adept at Microsoft PowerPoint presentations and Excel manipulation techniques, and MS Office and Word suites.
  • Ability to work extremely long working hours of 80 hours with hardly any holidays.
  • Being a team player and effective learner from feedback.
  • An eye for details and data organization.
  • Investment banking certification course.

Technical skills required:

Your degree in science, social sciences, psychology, pharmacy and such could be short of crucial subjects like mathematics, machine learning, algorithms, and computer engineering techniques which form the pillars of data science. But, you do have a huge advantage in your own domain. And that is a plus when you understand where and how to apply the algorithms to your field.

If you are a developer in the IB domain then most HR recruiters want to see the languages of the C suite like C , C#, R, Python, Java, and Matlab on your list of technical skills. In other words, an Investment Banking Career need not be just as a financial analyst, you could also be a BA, developer or full-stack developer and your technical skills required will depend on the job role.

SAS is used for financial reporting and is a good tool for the retail bankers, the equities market specialists, corporate bankers, in mergers and acquisitions and literally anywhere where the probability theory and the theory of regression modelling applies. Most legacy systems of banks use the C language which is not so common today. But, banks are transitioning to more modern and effective infrastructure to stay afloat and profitable amid rapid changes in AI, ML, data sciences and the sheer volumes of data generated.

Conclusion:
SAS is not a technical requirement for an IB career. However, SAS is a fantastic tool wherever probability, risk-analysis and statistical analysis applications are present. In parting, the Investment Banking Career does fetch some fantastic pay-packages. The demand for them is high. If you want to be in IB then do the apt course at Imarticus Learning who even offer assured placements to the deserving trained aspirants in this hallowed field of IB.

Also Read: Investment Banking Career Path

Why Do Investment Banker Make So Much?

Posted on by Imarticus Learning

Why do people in Investment Banking make so much money? The question has been oft-heard and is as often as Excel gets heard in financial analysis. When it is just another banking job, why should one get paid so high that every career aspirant wants a job in IB?

Yes, IB has those punishing hours of 80-120 hours at times per week and do have such high-stress values that it is an accepted fact that 44 per cent look for alternative careers even before they get promoted upwards and hardly have a social life.

It is also true that you are at the client’s mercy and that it is a competitive field where every other person is highly educated if not more. All valid points that could be also be applied to entrepreneurs and other careers too? So why?

What People in Investment Banking Actually Get Paid?

Commissions: In Investment Banking at the level of MD/Group Head/ VP, you really start earning well. That’s because every sale gets you commissions just like the car selling agent or real estate broker does. Banks sell the companies for acquisitions, mergers and restructuring. Higher the deal amount betters the commissions.

And when the deals run into many millions, billions or thousands of them calculate the commissions! They are just selling very high-priced commodities.

Expenses and margins:
Well if that’s true then the wealth management and commercial finance people should also make as much. No, they do not. Because the commission rates are lower and they have more incidental expenses like effective profit margins. The ATMs, branch offices, cheque books all cost money.

Even when you deposit money into your savings accounts and the money is larger than the ceiling limit you have to pay the bank for depositing your money with them. However, paying 1per cent on USD 1 million in the checking account is not fair right?

Banks, in contrast to real businesses, have very few staff, small offices, tiny payrolls by contrast, and almost zero real expenses like infrastructural costs, manufacturing processes, or maintenance and operational expenses. Perhaps they do have a tiny bit of travelling and hotel expenses which the client gladly pays for the banker’s role as intermediaries and custodians besides the regular multi-million dollar fees for their services.

About a generous 50 to 60per cent of such revenue goes to the IB employees as bonuses, salaries and commissions. Now that’s why they get paid so much.

Why Investment Banking is a Popular Career Choice?

Are you aware of why most foreign banks have an office in and operate from India? The factors that contribute to their presence are:

• Availability of skilled local talent in data analytics.
• Large English speaking population.
• Presence of services like LPOs, KPOs, back-offices and transcription services.
• Lower costs in financial operations.
• Availability of reliable firms like Infosys, Wipro, TCS, Syntel to do business with.
• Training institutes for technological skills and the latest trending skills are world class.

These banks need to run profitably and promote the use of local talent who find well-paying prestigious jobs and make investment banking their careers.

Investment Banking Services:
Certification in IB helps.
The Investment Banking certification measures your skills in the services of an investment bank. Namely,
• Advice on buy-outs and acquisition of firms.
• Acquisition and mergers
• Trading in securities
• AMC
• Corporate finance
• Services involving Custodianship
• Restructuring of debts
• Other allied services.
• Capital market investments

Education:
The career progression in Investment Banking requires sound financial knowledge. A graduation degree is not mandatory and IB encourages disciplines like finance, economics, business administration, and mathematics which do give you an upper hand.

Doing an IB certification endorses and enhances your skill sets for the job and your resume. Certification also serves the purpose of being a measurable index of practical implementation skills in the basics of IB. The career progression ladder may also have an odd-ball who starts as an Intern, moves to an Associate role, and then upwards to Vice President, CFO, MD job roles etc.

Skills required:
The banking field’s crucial skills are:

• A graduate degree for Associate roles.
• Adept at Microsoft PowerPoint presentations and Excel manipulation techniques, and MS Office and Word suites.
• Extremely long working hours of 80 hours with hardly any holidays.
• Being a team player and effective learner from feedback.
• An eye for details and data organization.
• Conceptual knowledge of accounting and financial issues and solutions.
• Investment banking certification course.
• Financial and business modelling knowledge.

In parting, the Investment Banking career aspirant does make a wise choice for some fantastic pay-packages. The demand for them is high. If you want to be in IB then do the course at Imarticus Learning who even offer assured placements to the deserving in this hallowed field.

Difference Between Investment Banking and Venture Capital

Posted on by Imarticus Learning

Venture capital and investment banking are different, important types of professional finance companies. Not many can differentiate between them except academicians and the experts in the financial circles. Let us explore the differences by defining the two firstly.

Venture Capital:

Venture capital deals with the investment capital of firms seeking venture capital for startups, new businesses and fast-growing firms. The returns could be excellent as also the possibility of losses being high.

Most tiny start-ups are not financially large and cannot access the global markets for capital, unlike larger firms. Yet, they need funds from proven idea to the stage of scaling and beyond to evolve successfully. Venture capital fills this gap by picking up equity in such firms as their investments. Venture capitalists partner the growth of such firms. Since they own significant equity in the companies it is natural that they sit on the board not just to protect their investments but also to significantly influence the decisions, strategies and operations directed at the growth and profitability of the firm.

Venture capitalists, being partners could earn fantastic returns on the success of the venture and also accept losses if the venture fails. It is understandable then that such funds are released in small doses over a period of time as agreed upon.

Investment banking:

The investment banks are also lenders of capital at various scales and from different branches under the same umbrella. They could be direct investors and most often act as intermediaries helping to raise investment capital.
Some examples of companies raising funds are in the issuances of bonds, IPO’s and OIUs. Different branches like retail banking, corporate finance, wealth management etc are involved in offering funds to corporates, syndicated financial institutions and the governments for infrastructure projects. Investment Banking deals with HNI individuals, syndicated funds etc to SMEs and retail products like credit/debit cards, bank accounts for individual investors.
Investment Banking plays the role of an intermediary in the acquisitions and merger deals. They advise on equity markets, mutual fund investments, and play a consultant to borrowers in their financial and borrowing journeys. Their profits trickle in as interest rates charged fees, consultancy retainers and such. Banks may also have in-house trading facilities.

The key differences:

The main difference is in the investment pattern. The banks offer loans at interest. The venture capitalist actually invests directly in the firms in the form of equity. Banks can be the intermediaries of the venture capital deals and the M and A deals. The venture capitalist has no role in the operations of banks.

While the venture capitalist is gunning for large profits earned as a partner in the buss the bank charges interest and fees. The VC may earn profits or lose his capital. The bank operation, on the other hand, does not impact the recoverable fees. They also target different kinds of customers. The VC is basically looking only at borrowers and high-risk operations. The banks, on the other hand, are relatively risk-averse and have investors and borrowers from whom they earn fees or interest for their involvement. Venture capitalists invest in potentially profitable start-ups with huge implications. IBs work with financial institutions and firms who also have access to global markets, and capitals markets abroad.

If you are interested in Investment Banking and becoming a banker the CIBOP course at Imarticus Learning are highly recommended. The IB jobs are prestigious, pay well and are constantly facing a demand for well-trained professionals.

IB career-scope and payouts:

In terms of career prospects, salaries, job roles and working conditions there is a lot of overlap between various divisions in the investment banking sectors. However, asset management has a slight lead in job prospects. According to Payscale reports, in early 2004, the average Investment Banking salary was USD 315,000. Ten years later the figures for the IB salary was USD 288,000. Investopedia claims the average 2015 banker’s salary was between USD 75,000 to 85,000.

Conclusions:
Both the VC and IB play important financial roles in the ecosystem of helping firms raise capital. The banks operate in the acquisitions and mergers deals, financial intermediation and capital markets while the venture capitalists invest in the equity capital of startups. Fees and interest are the main sources of earning of Investment Banking whereas the VCs returns depend on the loss or success of the firm.

Learn all about such financial markets at Imarticus Learning where careers are born and honed. Start today!

What Are The Best Courses For Cyber Security Using Machine Learning?

Posted on by Imarticus Learning

What Are The Best Courses For Cyber Security Using Machine Learning?

Today everything is online and from such activity the sheer volumes of data generated, its management and security from misuse is a matter of concern that cybersecurity professionals are tackling on a war footing.

ML and AI have seen huge developments in the last decade in conjunction with the rapid growth of data and data analytics. Most organizations value their data and ML as organizational assets. So any threat to them or the devices connected to the algorithms is considered a serious cybersecurity threat. And cybersecurity depends more and more on ML since it holds potential for analyzing large volumes of data, structure and process data in real-time, and present instantly any threat to its intelligence as it occurs.

To learn machine learning is the mainstay of threat intelligence which alerts you so you can deal with mitigating the threats. Gone are the days of incoming alerts and handling attacks. Today we have advanced ML where threat intelligence is the buzz word.

Why? Because, ML has huge applications in helping organizations defend against malware, apply TI (threat intelligence), make unknown connections, identify key parameters, the transformation of unstructured text, threat actors, and such relevant risks.

Cybersecurity ML algorithms and software help: 

  • Understand why and how ML will affect the future of cybersecurity
  • AI techniques add value to ML to make the analysts more effective.
  • Obtain insights on ML processes for threat intelligence.
  • Help to detect future threats through predictive analytics.

How to become a cybersecurity professional:

Choosing a career in cybersecurity or opting to change careers to it is a great career move at the moment. You will have to learn machine learning with a reputed training institute like Imarticus Learning who are renowned for fast-tracking career options and enhancing technical skills required for careers in the latest emerging fields. Such learning courses are available online with a host of reading and comprehension on cybersecurity risks and its mitigation. However, classroom sessions and supervised learning will also be needed to gain practical and implementation skills.

You could start with an entry-level position gaining experience in security, risk management or IT and move your way up to a mid-level role as an analyst, security administrator, risk auditor or cybersecurity engineer. To sharpen and hone your cybersecurity skills advanced training and certifications will be required before you can actually practice as a security consultant.

Cybersecurity education:

A formal after-school college experience for an associate’s degree will take four full-time semesters or two years to start as an Intern. A bachelor’s degree could last 8-semesters or four years and the master’s degree will last two years or another 4-semester duration should help you learn all about the theory behind cybersecurity.

The actual practice of writing algorithms can be honed by online challenges participation, certifications and hackathons on Kaggle. The necessary attributes for cybersecurity would be proficiency in English, mathematics, and statistics. Combined with a certification you are set to start your career according to the BLS.

The top-10 roles in Cyber Security:

The field of risk evaluation, mitigation and prediction are growing with data analytics and data taking center stage in modern times. Take your pick of career paths from a few of the roles enumerated here to always be in demand.

  • Ethical Hackers.
  • Security Systems Administrator.
  • Security Consultant.
  • Computer Forensics Analysts.
  • Information Security Analyst.
  • Chief Information Security Officer.
  • IT Security Consultant.
  • Penetration Tester.

The top cybersecurity certifications:

Certifications are essential to your resume and offer employers a real-time measurable scale of your skills in cybersecurity and validate that you can implement and use the learn machine learning applications for risks and security of cyber systems effectively and practically.

The top certifications are: 

  • The ISC (2) Certification
  • CISM- Information Systems Manager
  • CISA- Information Security Auditor
  • Information Systems and Risk Control Certified
  • CEH- Ethical Hacker
  • Tester GIAC/ GPEN Penetration
  • Cyber Security Courses     State Approved

Payouts:

The Cybersecurity professionals have a median salary of 116,000 USD. At an hourly rate of 55.77 USD/ hour, it is almost thrice the national average income offered to full-time workers. The BLS reports make the high salaries a very attractive feature to make cybersecurity your dream career.

Conclusions:

The cybersecurity professional is highly paid and has immense job scope in a variety of roles. Formal education, practical skills, certification and performance at the end-of-the-day will set you apart and help your career progression. There definitely is a huge demand for the cybersecurity professions which will continue into the next decade according to most reports on Glassdoor, Payscale, and BLS.

Resources are available aplenty to make cybersecurity your career no matter where you live. The Imarticus Learning courses, unlike many online programs, have limited class sizes meant to enhance learning, certification attainment and networking.

So hurry and learn machine learning! Also, for more details and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

What is Change Management Certification

Posted on by Imarticus Learning

The constant change in technology and personnel needs newer skills like change management. Change management brings ongoing continuous changes in increasing productivity and efficiency while causing better risk management, error reduction and offers enhanced project development and management.

What is Change Management?

It isn’t just data that increases by the minute. With the phenomenal growth and use of data and the technology to use it for analytics the demand for change, change education and change training is certainly also increasing every minute. So are the jobs and demand for trained change management professionals who are paid handsomely.

However, inanimate organizations cannot implement change unless the people who man the organizations do so. For every change in process, size, or key issue, there is a change that needs to be implemented by people in their job roles, the way they work and how they implement and benefit from these changes.

No initiative can succeed without organizational change. And while the organization cannot change, its people can, and this is crucial to implement the initiative. Thus change management is a discipline of applied sciences to help, support, equip, motivate people to change and retrain their thinking and working. You can do Change management certification to learn it. People change eventually causes the intended organizational change to succeed.

The Top Seven Certifications

To embrace change and have a measure of skills in change management, here’s a list of the top Change management certification courses available.

• CCMP-Certified- Change- Management- Professional
• CMS- Change- Management- Specialist
• CPCM-Certified-Problem-and-Change- Manager
• Certificate Program in Change Management from the Talent Development Association
• PCMC-Prosci-Change-Management-Certification
• APGM-from-Foundation- for-Organizational-Change-Management
• CMC-Change-Management-Certification-by- AIM.

How to Induce Change?
Like every person is different, so also every change is unique. The structured approach wherein one helps a person understand change, manage change, equips him/her to change and supports the transitional change process is what change management is all about.

The Change Management Levels:

Personal Change:

While inertia says it is natural to resist change both psychologically and physically when it comes to people change the mind is what rules the change. A structured certification can help support, train and equip people through the transition process and take them from a resilient state to a conscious changed state of the future where adaption to it brings success and career progression.

Personal change management uses motivational neuroscience and psychology to induce people to change. The change can be brought about by understanding the change experience, equipping people for what, when and how to change, supporting the transition, mentoring the whole process through effective coaching and positive behavior.

Organizational Change:

The change at the organizational level means a change in the strategic approach at the project level and involves all impacted teams of people on the project. It is symbiotic with project management because such initiatives can only succeed when every member of the team changes and embraces the change to allow the project to embrace change.

Scrum and Agile practices are an example of inducing organizational change. A large number of enterprises who are today implementing agile practices stand testimony to the fact that organizational change involves and encourages team changes and decisions.

Hence, no one stage can be isolated. Rather it is a continuous process of iterative changes practised across the three levels that causes the final initiative to succeed. Organizational change is possible only when the process of people change has succeeded and the next level can only succeed when the project changes.

Enterprise Change:

Enterprise change is at the core of quick, effective changes required in a modern world where nothing is static and demands change at every point of time in processes, people, management practices, the structure of the organization, roles, leadership and projects.

This capacity is the key differentiator in a competitive world. The results are visible when the employees change effectively and rapidly to challenges whether it be in markets, technology, strategic initiatives, budgeting or people management.

Conclusion:
Change is an ongoing process and the only thing that is really constant about changes is to change itself. The rapid growth of data, technologies to manage data and its analytics have seen the rise of Artificial Intelligence, Neural Networks, Big Data, Machine Learning, Data Science and Analytics in phenomenal ways over a short span of just the last decade.

The future holds great promise for development when organizations change speed and embrace change to improve efficiency, productivity, and profitability. Such courses help support, equip and motivate change in an organization through effective changes in people influenced by change instructors, trainers and mentors.

If you would like to motivate others and yourself to change, do a change management course at the reputed Imarticus Academy where Change management certification is encouraged and mentored well. Change today!

How Should You Acquire Domain Knowledge In Capital Markets?

Posted on by Imarticus Learning

 

Domain knowledge in project management is crucial when making a career in a banking project sector. Hence it would be great to do a course when looking to make a capital market for beginners career in this core sector. When starting your career there are many questions as to what one should do to assimilate knowledge quickly so one can move into a good banking career. The capital markets world over may differ in product offerings, trading practices, and regulations. However, the one constant has been the growing demand for skilled capital market personnel in banking circles.

What is the capital market?

The capital market instruments are: 

1. Shares: Share is a part of the ownership in the form of the share and forms the capital base of any company. The sharing unit can be traded in and many people hold shares to sell when the markets boom making huge profits.

There are two types of shares. Namely, 

  • Equity shares
  • Preference shares

2. Debentures: Companies issue debentures under the company’s seal as funds borrowed for a long term and form a part of the borrowed capital of the company. Such debentures carry a fixed interest rate and maturity period. These are the certificates issued

3. Bonds: To raise capital for projects governments and large companies issue bonds which are again long-term capital borrowings. Like the debentures bonds also carry a fixed interest rate and maturity period. The interest charged on such bonds is on the coupon rate.

4. Derivatives: These instruments derive from other underlying assets and securities. The selling price, function, risk, etc of the derivative depend on the assets underlying them.

Some examples of the Capital Market for beginners drawn from derivatives are

  • Futures
  • Swaps
  • Options
  • Exchange commodities
  • Traded Funds

EFFECTIVE STRATEGIES TO RIDE THE EDTECH WAVEHere are simple steps in a tutorial to increase domain knowledge especially in the capital market for beginners.

1. Research your knowledge to narrow down to your domain choices:

For example, if you want to be a domain expert in banking you must narrow down to the capital markets from the various services offered by investment banks. Next, add questions and actions to research and act upon them.

2. Question bank building:

Ask your questions of an expert on the subject of capital markets.

What questions to ask depends on your question list and domain knowledge. Rather than ask an obvious question try asking questions like-Do all asset classes get mark-to-market action? How are bad loans monitored? and such.

When and whom to ask questions is important. Never ask domain technical questions to the executive or a domain operations question to the accountant!

Record the answers for further reviews.

3. Do a course:

You have a variety of domain choices here related to the capital market domain.

·         WMI-Wealth Management Institute course

·         Do the CFA-Chartered Financial Analyst course

·         An MBA course with a finance domain focus

·         Do the MFE-Masters of Financial Engineering degree

·         Get experience in domain work: To get practical hands-on skills many students opt to take the financial professionals course at a reputed institute like Imarticus Learning.

4. Attend events:

This is the best place to learn more about domains. Build your domain knowledge with reading from 

  • Banking Associations / Magazines – FundSuperMart, The Asian Banker, WealthMatters, etc
  • Software vendors – FlexCube, Temenos, SAP, SilverLake, Finacle, etc 
  • Hardware vendors – HP, IBM and such
  • Consulting firms – Boston Consulting Group, McKinsey and Company, PWC, Accenture, IBM GBS, etc

5. Knowledgebase building: 

Create a base on hard disk from your records, questions, etc and build on it. Update it periodically and add indices to it to demarcate the domains.

6. Knowledge Communities: 

Join such communities for mentorship and issue resolutions in your domain from a peer group. You can teach, learn and explore domains at the same time!

7. Mentorship: 
This is crucial to emulate in domain expertise building.

8. Offer to help:
This method is a great way of gaining hands-on information and experience in domain knowledge.

9. Update Solutions Knowledge: 
Technology is evolving as are standard practices. Hence do continued domain learning to get ahead of the career curve.

Wrapping Up …

Acquiring domain knowledge is not difficult. There exist SO MANY things you can do to acquire such knowledge. Firstly start with a plan, build knowledge bases through MOOCs and online reading, question all your premises, enroll in courses, and take the support of community groups.

Do your capital market for beginners course at Imarticus Learning because they help you in all the above aspects, offer excellent mentorship, prepare you for certification exams, and go further with assured placements.

Their course has a comprehensive part, modules on soft skills, resume writing, mock interviews, and personality development too. Enroll today! For more details and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.

Which Cryptocurrencies Has The Most Secure Blockchains?

Posted on by Imarticus Learning

Bitcoin is also called Digital Gold because it still is the most secure crypto of all times which has sustained its place from the forerunner stage to date. The massive cryptographically encrypted blockchain is transparent, cannot be altered or deleted and gets automatically verified across all nodes in the miner’s network all without the interference of any third-person intermediary.

Blockchain training can actually help you understand the high standards of blockchain security when transacting with Bitcoins. The blocks are interconnected to each other through unique hashtag signatures and need verification of all miners on the network to record a transaction.

To change or alter any information one would need to alter at least 51% and more of the has power at the same instant which makes it near impossible. It would cost more to edit than to steal because till date the Bitcoin is the most mined crypto! No wonder it charges higher is valued higher and accepts other cryptocurrencies against it as a standard measure.

Bitcoin is truly the most secure form of payment that has transformed the value of paper-money by allowing people to make transactions with their money sans any intermediary and in a completely secure, instant, encrypted manner that makes its security its most valuable transactional feature.

The blockchain technology and how it works:
Bitcoin is synonymous and thrives on blockchains. Did you know that the hash rate for Bitcoin is around 8,721,206,904 GH/s? Its active nodes run into millions and though not ASICS resistant the difficulty levels compensate and make it extremely secure to transact with.

Blockchain technology brings in the important four attributes of immutability, decentralization, transparency, and security.

  1. User authentication and verification using blockchain technology sans third-party interference.
  2. The blockchain data structure is contained in the app-end and causes the data to be immutable, and impossible to delete or alter.
  3. The data ledgers are cryptography protected and contain hashtag functions from the previous block. This information is verified to complete the cryptography transactional process.
  4. Ledger consensus and record-keeping are enhanced as all data of transactions are contained in the block and are duly verified for maximum trust by the peer network users.
  5. Blockchain time-stamping ensures a recorded chronological order.
  6. The ledger is distributed over all blockchain nodes in real-time.
  7. The peer network has all transactions on the blockchain overall interconnected computers thus decentralizing the system.
  8. Data is always retrievable and never lost.
  9. Transparent transactions ensure the viewing parties are verified users and reduce transactional ambiguities.
  10. The source of the ledger can be tracked at every block of the chain.
  11. Consensus between the parties ensures duplicity and fraud are removed.
  12. Smart contracts enable presetting criteria and conditions for automatic recording of transactions.

Blockchains are today popular across verticals and industries like banking, agriculture, healthcare, e-commerce, education, mining, property recording, retail, entertainment, media, automobiles, logistics, transport and many more.

The Bitcoin Lightning Network:
The open-source free lightning network Bitcoin protocol creates anonymous channels to route millions of transactions/second.  The fees charged are extremely low and micro-transactions friendly. Thus people will be able to receive, send and deal in money instantly, securely, and cheaply.

No more DD charges, transaction fees or cheques that take days to clear. Even far off geographical locations are just a click away. However, the internet connection needs to be present and offline wallets fail when this important factor is not considered.

Other secure currencies:
Litecoin is good and secure too. Ethereum, Monero, Dash, zcash and such are all technologically private, secure and follow the Bitcoin’s security protocol. IOTA is yet to emerge from the accusations levied against it by MIT. However, blockchains are built secure and the more popular ones are transmitted for verification across millions of nodes at the same instant.

If the crypto was only on one node then it would neither be secure nor of interest to anyone. That is so because blockchain technology itself works on authentication and verification by the network users or miners to emerge as secure transactions.

Also, preservation of the tokens and the inability of hackers to break into such crypto wallets make the currency more secure from theft. Offline storage and cold storages are good security features to keep your monies safe.

Conclusions:
Bitcoin emerges the winner of being the most secure crypto. Learn all about cryptocurrencies and fintech at Imarticus Learning Institute by doing your Blockchain course here.

They help you launch your career in a field that is the emerging phoenix of tomorrow’s technology. Needless to say, the jobs in the sector never face shortages in demand and the pay packages can be unbelievably fantastic with experience.

For more details in brief and further career counseling, you can also contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Hyderabad, Delhi, Gurgaon, and Ahmedabad.