How are blockchain and bitcoin related?

Blockchain is a special kind of database that tracks information securely and transparently.

Bitcoin is the most famous cryptocurrency, which uses blockchain to track all its transactions.

Without blockchain, Bitcoin wouldn’t be possible. However, blockchain technology is being used for other purposes and in other sectors.

How to Make a Successful Career in Blockchain in Nepal?

Building a blockchain career in Nepal starts with learning. First, enroll in a quality blockchain certification program provided by several learning platforms, like Digital Gurkha, to gain technical knowledge and practical skills.

Stay updated on the latest developments as the technology is constantly evolving, and building connections with public learning will position you well for the exciting opportunities emerging in Nepal’s blockchain space.

Can I learn about blockchain without knowing how to code?

Absolutely! You can grasp the core concepts of blockchain without even knowing how to code.

Several upskilling platforms offer introductory courses and resources that will introduce you to key concepts related to blockchain, like decentralization, distributed ledgers, and cryptography, all without needing to code.

Is blockchain technology legal in Nepal?

Yes, blockchain technology is legal in Nepal. However, using blockchain for trading cryptocurrencies like Bitcoin is currently prohibited.

This means one can’t buy, sell, or trade cryptocurrencies in Nepal. However, the technology behind blockchain may be used for other purposes that don’t involve cryptocurrency.

What are the sectors currently using blockchain in Nepal?

Blockchain is a relatively new technology in Nepal, but it’s gaining traction in several sectors:
Humanitarian Aid: Projects are underway to use blockchain for cash transfers in disaster relief. This can increase transparency and ensure aid reaches those who need it most.
Finance: Companies are exploring blockchain for secure data storage and record-keeping in the banking and financial sectors.
Supply Chain Management: Blockchain’s potential for tracking goods and ensuring authenticity is being explored in agriculture and other sectors.
Stock Exchange: A pilot project is underway to develop a blockchain-based trade management system for the Nepal Stock Exchange. 

What real-world problems can blockchain solve in Nepal?

Blockchain has the potential to revolutionize Nepal by enhancing transparency in supply chains, improving financial inclusion, and streamlining government processes.

Isn’t blockchain just a complicated way of recording data?

Simply put, you’re right. Blockchain is a specialized way to record data. But the key is how it does it: very securely and without a central authority controlling it. Imagine a public record everyone agrees on, that can’t be changed. That’s the gist of blockchain.

Is Web 3.0 the Internet’s future?

Web 3.0 is a potential future version of the internet with a focus on decentralization. This means users could have more control over their data and online experiences. It’s built on emerging technologies like blockchain and AI. While the future is uncertain, Web 3.0 is an exciting development.

What is the future of the blockchain industry?

The blockchain industry is in a high growth stage. The market size is valued at USD 27.84 billion in 2024 and is predicted to reach USD 825.93 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 52.8% during the forecast period (2024-2032). Hence, the future of the blockchain industry seems exciting and promising, with plenty of job prospects. 

How much can a blockchain developer make in Nepal?

Blockchain developers in Nepal are in high demand, with an average salary of NPR 75,000 per month. This may vary depending on your experience and the company you work in.