General Course: Blockchain Basics, Bitcoin, cryptocurrency, Technology, Types, etc.

In this article, we will see the answers to Blockchain Basics of Trailhead Salesforce & we will learn the importance, uses, security, history, etc of blockchain technology.

Blockchain technology is the most disruptive technology since the internet. Blockchain makes it possible to build decentralized applications that don’t rely on any central entity. This means anyone can set up a store without having to pay fees or prove their identity. It’s a huge opportunity for new businesses and startups, but also for existing businesses who want to move into the blockchain space. Make sure you’re not wasting your time with these 5 common mistakes when getting started building an Ethereum dApp:

General Course: Blockchain Basics 
Learn Blockchain Fundamentals
Go Beyond Bitcoin with Blockchain Networks
#3.Learn About the Types of Blockchain Networks
#4.Learn About Open-Source Blockchain Technologies
#5.See Blockchain in Action


#1.Learn Blockchain Fundamentals

Q1)What is the problem with traditional ledgers?

I)They are inefficient, subject to error and tampering.
II)They can be used to maintain transaction records that can be reconciled.
III)When properly maintained, they can provide a company’s version of the truth.
IV)They can keep track of who owes money to a bank.
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I)They are inefficient, subject to error and tampering.

Q2)What are key differences between a distributed ledger and a blockchain?

I)Transactions are distributed across all nodes in the blockchain network.
II)A distributed ledger is made of fine paper and carries an official wax stamp for authenticity.
III)All participants in the blockchain network agree on the state of the ledger.
IV)A and B
V)A and C
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V)A and C

#2.Go Beyond Bitcoin with Blockchain Networks

Q1)What is a key difference between Bitcoin and blockchain?

I)Bitcoin is a cryptocurrency and blockchain is the foundation that maintains the Bitcoin ledger.
II)What difference?
III)They are two different types of distributed transaction ledgers.
IV)They are two types of cryptocurrencies.
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I)Bitcoin is a cryptocurrency and blockchain is the foundation that maintains the Bitcoin ledger.

Q2)How does a blockchain establish trust and transparency?

I)It uses hashing, digital signatures, and consensus mechanisms.
II)The Satoshi Nakamoto Foundation oversees the network to ensure trust and transparency.
III)The blockchain is overseen by government agencies that ensure its reliability.
IV)It uses SHA256 to fully establish trust and transparency.
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I)It uses hashing, digital signatures, and consensus mechanisms.

#3.Learn About the Types of Blockchain Networks

Q1)How can a permissioned blockchain manage who participates in a network?

III)By invitation
IV)Secret handshake
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III)By invitation

Q2)How are private and public blockchains different?

I)Only private blockchains are decentralized peer-to-peer networks, where each participant maintains a replica of a shared ledger.
II)Public blockchains are in sync through a protocol referred to as consensus. Private blockchains do not have consensus.
III)Only public blockchains guarantee the immutability of the ledger, even when some participants are faulty or malicious.
IV)Participants in private blockchains and business networks usually require privacy, not anonymity.
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IV)Participants in private blockchains and business networks usually require privacy, not anonymity.

#4.Learn About Open-Source Blockchain Technologies

Q1)What are the core values of the Hyperledger Fabric blockchain?

I)Distributed, Permissioned, Secure
II)Digital, Permissioned, HIPAA Compliant
III)Distributed, Permissioned, Cloud
IV)Distributed, Polymorphic, Secure
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I)Distributed, Permissioned, Secure

Q2)What is the business benefit(s) of blockchain?

I)Security and Trust
II)Better processes
III)Accurate reporting
IV)A and B
V)A and C
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IV)A and B

#5.See Blockchain in Action

Q1)A transaction is an asset transfer which is recorded on a ledger. Smart contracts can be established to execute transactions that must occur under specific conditions.

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Q2)What new transactions can blockchain support that traditional ledgers can’t?

I)Transactions between certification orgs and businesses.
II)Transactions between coffee beans and tasty cups of coffee.
III)Transactions of sensitive information.
IV)Transactions between competitors.
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I)Transactions between certification orgs and businesses.

People also Ask:

In this article, we will see the answers to Blockchain Basics of Trailhead Salesforce & we will learn the importance, uses, security, history, etc of blockchain technology.

are blockchain developers in demand

Blockchain developers are in high demand. In fact, blockchain development has become the #1 skill sought after by employers who are looking for candidates on LinkedIn. In the past year alone, there was a 250% increase in the number of job postings with the keyword “blockchain” on LinkedIn.

are blockchains secure

Blockchains are a new way to store information. They are a decentralized, immutable ledger of transactions that is updated and maintained by everyone in the blockchain.

Blockchains are a new way to store information. They are a decentralized, immutable ledger of transactions that is updated and maintained by everyone in the blockchain. This makes blockchains very secure, but there are still some vulnerabilities with blockchains. These include:

The threats associated with blockchains can be reduced by using smart contracts – self-executing pieces of code that only execute when certain conditions have been met. The use of smart contracts reduces the risk of fraud and corruption and makes blockchains more secure.

Blockchain is the underlying technology behind cryptocurrencies like Bitcoin. Blockchain technology records every transaction made on a blockchain network in a block.

are blockchain and bitcoin the same

Blockchain, Bitcoin, and Cryptocurrencies are three distinct things.

The first two are related to each other but blockchain is not the same as bitcoin.

Bitcoin is the first cryptocurrency that was created in 2009. The blockchain is the technology behind it, which allows a secure way of transferring data without having to rely on a third party or a central server.

While this technology has many applications, bitcoin is just one of them. You can use the blockchain to transfer all sorts of data, including money and digital property. It’s this ability to facilitate secure transactions without requiring permission from a central authority that makes the blockchain so revolutionary.

How does it work?

Bitcoin is a digital currency that can be used to buy and sell goods and services. The transactions are recorded in a public ledger called the blockchain, which is maintained by a network.

are blockchains bad for the environment

Blockchain is an online ledger that records transactions on a public and anonymous form. The technology has been around for almost a decade but is now gaining immense popularity due to cryptocurrencies, like Bitcoin.

As the world gets more and more digitalized, the lack of security surrounding digital information becomes more and more apparent. This is why blockchain offers such a great solution. It’s a digital ledger that keeps track of all transactions in real-time, making it impossible for anyone to tamper with data or change it without being noticed.

However, because the blockchain is designed in such a way that it can be used for more than just cryptocurrency, it’s now being used in many different industries. One of the most prominent examples is the supply chain industry.

are blockchains hackable

Blockchain technology is the new buzzword that has come up of late. It’s being trumpeted as the second coming of the internet. The blockchain weaves a seemingly endless list of benefits into its fabric, and businesses are falling over themselves to get better acquainted with the unique technology.

But what is the blockchain, really? Can it be hacked? This article will explore the implications of blockchain technology, and address the question- are blockchains hackable? What is the blockchain?

Blockchain technology was first developed in 2008 by Satoshi Nakamoto, a pseudonym for an unknown person or group of people. It was originally used to create Bitcoin, a digital currency that has gained popularity in recent years. The blockchain is a decentralized, public ledger that records transactions in a secure and permanent way. It’s not owned by anyone person or entity, but rather by the people who use it.

are blockchain companies a good investment

The blockchain is a decentralized platform that supports digital currencies such as Bitcoin, Ethereum, Litecoin, and others. Blockchain technology is based on encrypted algorithms and the sharing of information between all parties involved in an exchange.

# How to get started with blockchain? The first step for getting started with blockchain is to learn about it and try to understand how it works. For example, if you are interested in investing in blockchain companies, you will have to familiarize yourself with various cryptocurrencies and the projects that are being built on the blockchain.

can blockchain be traced

Many people are concerned about the anonymity of blockchain and whether the actions conducted through the technology can be traced. This makes blockchain one of the most controversial technologies in today’s digital age. Can blockchain be traced? How anonymous is it really?

The answer to that is: yes, blockchain can be traced, but it depends on how you go about it. Some people think that blockchain technology is as anonymous as cash money because while in theory, both systems require no identity verification, however, in practice, cash transactions are traceable because of cash register records and bank statements. The same applies to cryptocurrencies. Blockchain

can blockchain be centralized

Blockchain can be centralized in the way that it is possible to centralize any data structure. The key difference with the blockchain is that it was designed to be decentralized and that the process of decentralization is a core part of how it works.

While it is possible to build a centralized blockchain, there are no incentives for doing so, because all of the benefits of decentralization are lost when you do. Centralized blockchains put their trust in having a single point of control over the data, which means they also must trust a single person or company to maintain that control.

can blockchain be corrupted

Blockchain technology is revolutionary. It has the potential to decentralize and democratize many industries, including finance, capital markets, real estate, insurance, media, and healthcare. It can enable companies to reduce costs, improve efficiency and transparency (especially in the public sector), and eliminate fraud.

However, blockchain is not without its flaws. The biggest one is that it can be corrupted. As with any system or technology that relies on humans for its implementation, there are a number of ways in which it can be hacked or manipulated.

when did blockchain start?

The first blockchain was conceptualized by an anonymous entity known as Satoshi Nakamoto in 2008 for use in the now-defunct cryptocurrency, Bitcoin. At its core, a blockchain is a distributed ledger that records transactions across many computers. A network of computers around the world holds the blockchain network together by validating each new transaction before it is added to the ledger.

Many people wonder when blockchain became so popular. It’s not a new technology, after all. The first blockchain was developed in 2008 as part of the cryptocurrency Bitcoin. But it wasn’t until 2017 that blockchain became popular.

The reason for this is really simple. Blockchain was always an important technology, but it wasn’t until Bitcoin’s price skyrocketed in late 2017 that mainstream media started covering it. That brought more attention to the technology and its potential uses.

do blockchain companies make money

Blockchain is set to transform business and government. With the advent of cryptocurrency, it’s not just changing how people buy and sell, but it’s also giving companies who want to innovate a new way to make money.

But not all blockchain companies are created equal. There are still numerous challenges facing businesses that are trying to implement blockchains into their current systems and infrastructures. These challenges include:

Difficulties in implementing blockchains into existing systems

It’s hard for businesses to incorporate blockchain technology into their existing applications, especially if they have a complicated infrastructure

does blockchain work in the USA

The technology behind cryptocurrency, blockchain, has been implemented in different domains in the USA. Technology has been able to solve problems that have existed for years. Some of the companies that have been implementing blockchain technology include Walmart, IBM, and the U.S. Department of Energy.

Walmart is testing out how to use blockchain technology to track its food supply chain efficiently and securely. IBM has implemented blockchain technology into their payment network to provide secure and efficient cross-border payments. The U.S. Department of Energy has implemented blockchain technology into their electrical grid to improve efficiency, save energy, and lower costs.

does blockchain charge fees?

No, Blockchain is a technology that allows users to create and share content without any third party or intermediaries like banks or governments. It is a distributed ledger that records all transactions in a secure and efficient manner.

Blockchain, which is known for being the backbone for Bitcoin and other cryptocurrencies, can also be applied to the problem of payments.

The concept of blockchain was originally introduced in 2008 by Satoshi Nakamoto as a means of creating a shared public ledger where everyone could keep track of transactions. This innovation could solve the payments riddle because it makes it possible to send money without having to go through traditional intermediaries like banks or credit card companies.

how blockchain will change the world

Blockchain has the potential to change the world. It provides a new way to transfer value, share information, and distribute trust.

Current problems of the world are largely caused by trust issues. When there is no trust in any system, it’s really hard to get anything done. But blockchain is a new technology that provides people with an alternative way of creating and distributing trust. That means that blockchain can be used for recording transactions or data in a secure, verifiable, immutable ledger that will be quickly updated every time there’s a transaction made on it making it impossible for anybody to tamper with any of the records without getting detected immediately.

Blockchain also has big implications for governments and international institutions like banks or other financial service providers because they are all centralized systems that are prone to corruption or

how blockchain will change organizations

Blockchain is an encrypted, decentralized ledger of transactions. Transaction data is spread across multiple nodes or “blocks” in a distributed fashion. This eliminates the need for a third-party intermediary and allows parties to transact directly with one another. The blockchain eliminates the need for transaction-based fees that are seen in traditional systems.

Blockchain technology has applications in many different industries, but one of its most promising use cases may be in the realm of financial transactions. Blockchain systems are being used to transform services related to money transfers, cross-border payments, digital identities, and more.

how blockchain is changing finance?

Blockchain is a revolutionary technology that can be applied in a variety of industries. It is a distributed ledger, which allows for information to be recorded and stored securely, efficiently, and permanently.

Blockchain has been used in the financial sector to address many of the issues relating to security and data protection. Blockchain technology may well transform or replace traditional banking systems altogether in the near future. Blockchain will offer benefits such as quicker transaction times, reduced transaction fees, and more transparency.

How blockchain mining works?

Blockchain mining works by verifying transactions on the blockchain. It involves solving complex mathematical puzzles to create blocks of transactions, adding them to the public ledger, and getting a reward.

A blockchain is an open-source system that is used to maintain a public ledger of all transactions that have ever been executed. The participants of the network are all holders of copies of this ledger. Transactions are collected into blocks, which are created by miners. A “block” is simply some data given with some transactions inside it, along with a hash pointer as a link to the previous block on the chain. New blocks are added in order from oldest block mined to newest block mined so that every transaction can be verified by every node on the network and no one can change any part of it without being detected by others on the

is blockchain cryptocurrency

It is important to note right from the start that there is a distinction between blockchain and cryptocurrency. Blockchain does not mean cryptocurrency and cryptocurrency does not mean blockchain. Cryptocurrencies, such as Bitcoin and XRP, are digital currencies without a central bank or single administrator. They can be used like any other currency to buy goods and services online, but the value of cryptocurrencies is not guaranteed by any government or institution.

The use cases for blockchain are vast; it has been utilized in agriculture, financial services, healthcare, and more because of its ability to record transactions, manage contracts and share data securely among parties in a transparent manner with no need for intermediaries. Many organizations have expressed interest in the technology because they feel it could lead to increased efficiency in their operations.

is blockchain a good investment

The blockchain is a distributed ledger that records every transaction. It is secured by cryptography and is immutable, meaning that once information goes into the blockchain, it cannot be tampered with or altered.

Blockchain has been touted as one of the most disruptive technologies since the internet and its potential applications are limitless. The financial industry could potentially be revolutionized by smart contracts and crypto-currencies such as Bitcoin. The possibilities for Blockchain in other industries such as energy, healthcare, cyber security, and real estate are also massive.

Investing in blockchain technology can be a great way to get involved in this emerging market early on before the industry really takes off and we see major companies investing huge amounts of money into this new technology.

how blockchain can solve the payments riddle

Blockchain is a technology that is on the lips of everyone who works in finance.

It has demonstrated its usefulness to the world by creating an entirely new digital currency: Bitcoin. Many people are now exploring the potential of using blockchain to create other financial solutions, and this article will explore some of these solutions.

The first example we will look at is how blockchain can solve the payments riddle.

Many governments around the world want to make it easier for their citizens to send money abroad, but they have struggled with how to do this. Traditionally, money transfer services have been centralized, which leads to a lot of friction. These companies are typically large, slow, and expensive. They charge high fees and they take days to process transactions.

To solve this problem, many governments have turned to blockchain technology to create their own digital currencies.

should I buy blockchain stock?

The blockchain is one of the most talked-about technologies, and it’s only getting bigger. While some people think that investing in blockchain technology is a good idea, others still aren’t convinced.

This article will explore the reasons why you should buy blockchain stocks, as well as why you shouldn’t. Hopefully, by the end of this article, you’ll have all of the information you need to make an educated decision about whether or not you should buy blockchain stock. If you’re ready to get started, here are some of the best blockchain stocks to buy in 2019.

Top Blockchain Stocks to Buy in 2019: IBM (IBM)

IBM is one of the biggest names in the tech industry, and they’re also one of the biggest names in blockchain. IBM has been working with blockchain technology since 2016, and they’ve made a lot of progress since then. In fact, they’ve even created their own blockchain, called Hyperledger Fabric.

They’ve also partnered with some of the biggest names in the industry, including Walmart and Nestle. IBM is looking to create a decentralized network that will allow food companies to

should I share data and cut costs.

The IBM Food Trust platform is already being used by companies like Kroger, Driscoll’s, McCormick and Company, Tyson Foods, Unilever, and Nestle.

should I learn blockchain in 2022

Blockchain development is a new and extremely lucrative career path. It’s an industry that’s been growing at double-digit percentages for the past few years, with market experts estimating its value to be well over $10 billion by 2022.

Blockchain technology can be used in many different ways. You can apply it to things such as smart contracts, digital identity, supply chain management, and more.

If you want to start a career in blockchain, you should learn how to code now. Even if you don’t want to work in the blockchain industry, the blockchain itself is an evolving technology that will change the way we do things. It’s not a matter of if, but when.

was blockchain created for bitcoin?

Blockchain is the technology that powers Bitcoin. But, there are many other applications for blockchain beyond cryptocurrencies. This guide will help you understand what it is and where it came from, how it works, and most importantly why you should care.

what came first blockchain or bitcoin

Bitcoin is the most popular and well-known cryptocurrency out there, but it’s not the only one. There are thousands of other cryptocurrencies out there, with varying degrees of popularity and success. In fact, Bitcoin was not the first cryptocurrency ever created. The first, as you might have guessed, was called Ether.

Ether is often referred to as “pre-Bitcoin” because it came before Bitcoin. It wasn’t until 2009 that the Satoshi Nakamoto whitepaper introducing Bitcoin was released – three years after the release of Ether.

where blockchain technology is used?

Blockchain technology is being used in many different industries. Here are just a few examples of how it’s being used right now:

Transparent and Immutable Data Storage

Data storage is one of the most common uses of blockchain technology today. The main reason is that data stored on a blockchain is unchangeable, transparent, and can be publicly viewed by anyone with access to it. This means that businesses that use blockchain technology as their data storage system can easily prove the integrity of their records to consumers.

where blockchain cannot be used?

Blockchain is a very interesting technology, but it hasn’t been implemented in many real-world applications. Where can blockchain not be used? We’ll discuss the limitations and possibilities of using blockchain for different business processes.

There are several limitations to blockchain which prevent it from being adopted by most businesses:

1. The maximum number of transactions per second is limited to 3-7. It’s not enough for large industries such as finance and logistics that require thousands of transactions per second.

2. In most cases, the transaction speed lies in milliseconds, but this is still too long for most businesses.

3. The cost of transactions is very high due to the consensus mechanism, which is one of the main features of blockchain. This means that only a few companies can afford to use blockchain for their business needs.

what are the applications of blockchain technology?

Blockchain technology has numerous applications in different fields. It has been used to create cryptocurrencies such as Bitcoin. It is also used in some industries as a ledger to record transactions. However, the use of blockchain technology is not limited to these two applications alone.

Industries that can potentially be impacted by blockchain technology are financial services, supply chain management, healthcare, government, and real estate among others. Take the financial services sector for example; blockchain technology is being used to track ownership of assets such as stocks and bonds.

which blockchain is the best?

While many people think that Blockchain is one and the same, it is actually a general term for a wide variety of different technologies and platforms. In reality, there are at least 100 different types of blockchains.

There are different versions of blockchain such as Hyperledger, Ethereum, Nxt, Waves, EOS, and much more. While they all share similar characteristics and are used to decentralize data, their uses vary widely. It’s important to know the strengths and weaknesses of each platform before you get involved with them.

which blockchains support nfts?

There are two blockchains that support the NFT standard. They are the Ethereum blockchain and the EOS blockchain. These were the first two blockchains to support NFTs, and so far, no other blockchain has implemented it.

which blockchain has the lowest fees?

We’re not going to beat around the bush. We’re going to tell you that you need to be using a blockchain other than Bitcoin if you’re in the business of transferring digital assets, such as cryptocurrency. The average fee for sending Bitcoin is now $10.

A key element of blockchain technology is its decentralization. If it becomes centralized, then it loses one of its most important features: trustlessness.

Another blockchain that has a far lower transaction cost is Ethereum. Ethereum fees are currently around $1, making it a much more attractive option for businesses to transfer assets

will blockchain change the world?

Blockchain technology is the biggest technological innovation since the internet. It has the potential to change the way we do everything, from banking and government to real estate and voting.

With blockchain, users can transfer digital assets from one user to another without an intermediary,” says Michael Sarbanes, a partner at Cooley LLP who leads its Blockchain Working Group. “That makes it possible to conduct transactions in a decentralized manner, so there is no central authority that can impose rules or take control of the system.

will blockchain replace banks?

Blockchain is a new way of processing data that can reduce the need for financial institutions. It’s a distributed database and all transactions are encrypted. This ensures security and protects against fraud.

Blockchain technology is still in its infancy, but it offers a number of benefits that could change the way we process payments and store value.

The potential uses for blockchain technology include digital identity, electronic voting, smart contracts, and supply chain management. Blockchain technology has even been proposed as a solution to the problem of spam email.

will blockchain replace the internet?

Blockchain technology is quickly spreading its wings and gaining popularity as one of the most revolutionary technologies ever introduced to the world of digital transactions. It has made a lot of buzz in the recent past and continues to do so. Blockchain has even been termed as the “Internet 3.0”, in reference to its resemblance with the Internet or the World Wide Web.

The blockchain is an open-source software protocol that was created with the aim of decentralizing the internet and encrypting online transactions. It is a secure, decentralized peer-to-peer system that enables online data to be distributed but not copied.

will blockchain replace cloud computing?

Blockchain technology is making waves across the business landscape. Many have predicted that it will become a mainstream technology over the next several years, and its use will explode as a result. But one expert has gone against the grain, questioning whether blockchain has a place in modern business at all.

Many experts think that blockchain will replace cloud computing as the dominant technology of the future. The decentralized nature of blockchain is what makes it so appealing. The same can be said for the Internet of Things (IoT). However, there are some issues that need to be addressed before blockchain and IoT can work together.

what is blockchain voting system?

Blockchain is a technology that is already generating interest among governments, for its potential to create immutable records of transactions and create a transparent system of governance. Blockchain voting systems are still in their early stages, but they are poised to become the next big thing in elections.

Electronic voting has been around for a long time now. It gained popularity after the 2000 election in Florida, where hanging chads on paper ballots led to much confusion and caused a scene on national television. However, electronic voting has not exactly lived up to its promise. In many cases, electronic voting machines have been hacked or have developed glitches,

how would blockchain voting work?

There are many areas in which blockchain technology can be used, but one of the more interesting examples is voting. Blockchain-based voting systems would allow for secure, anonymous, and tamper-proof elections.

At its core, a blockchain is a database that’s distributed across multiple computers, allowing them to work together to verify transactions and come to a consensus. This system ensures that no individual party controls the entire database, making it much safer than centralized servers.

how would blockchain revolutionize corporate governance?

The future finance world will be based on blockchain. The blockchain is a distributed digital public ledger where transactions are recorded and confirmed anonymously without the need for a central authority or intermediary.

This technology has much potential for corporate governance. It can be used to make voting easier, faster, more efficient, and more affordable. In addition, it can help cut costs, reduce fraud and increase transparency throughout the process.

how would blockchain affect the banking industry?

Blockchain is a technology that is, without a doubt, the future of all transactions. This is because it has many advantages over the systems we currently use.

One of the major advantages blockchain has over traditional transaction systems is speed. Blockchain transactions occur immediately, whereas it can take days for traditional transactions to be processed.

Another advantage of blockchain is its security. It’s nearly impossible for hackers to get into the blockchain, and thus more secure than existing systems.


Blockchain is the technology that powers cryptocurrencies such as Bitcoin, Ethereum, and Ripple. While this technology has many applications beyond digital currencies, it’s the potential for cryptocurrency to revolutionize global finance that has made blockchain one of the hottest topics in technology today. Learn here Complete Guide to Cryptocurrency.

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Pramod Kumar Yadav is from Janakpur Dham, Nepal. He was born on December 23, 1994, and has one elder brother and two elder sisters. He completed his education at various schools and colleges in Nepal and completed a degree in Computer Science Engineering from MITS in Andhra Pradesh, India. Pramod has worked as the owner of RC Educational Foundation Pvt Ltd, a teacher, and an Educational Consultant, and is currently working as an Engineer and Digital Marketer.

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