Crypto is a fast growing industry with tons of promising projects and innovations. The market is getting more mature every day and adoption is taking off among retail users, institutional investors, well-known companies, and even some governments.
However, one major challenge that market players continually face is crypto education. At the end of 2021, only 2% of respondents from the Americas I note 60% (passing test score) or better on a basic crypto survey.
Furthermore, a recent study revealed that 48% of British young adults said they do not know how digital assets work, yet 56% expressed their intentions to invest in them. And almost 60% highlighted the need for more available information on cryptocurrencies from sources they trust. Creating a strong academic focus can solve the problem, and here’s why.
Where can newcomers learn about crypto?
As for me, I started my crypto education by subscribing to probably all the popular Telegram channels, reading and monitoring the news on a daily basis. Anything I didn’t understand, I’d Google and break it down for myself. I thoroughly researched all the hot projects at the time by poring over their whitepapers, sorting out their tokens, and looking up what was being said about them online.
As time has passed since I joined the industry, I can confidently identify the mistakes I have made. Focus is crucial in terms of educational sources. For that reason, you shouldn’t fragment yourself (like I did) by following hundreds of chats, communities, and projects, as it can easily become overwhelming. Instead, what you need is a step-by-step approach using a variety of sources depending on the level of your knowledge.
For example, you can use education centers from established companies like Binance Academy or CoinMarketCap Alexandria to learn the basics: the fundamentals of the technology, what Bitcoin is, how the blockchain works, and what the difference is between custodial and non-custodial wallets. custody.
As you progress through your education, read reputable industry media outlets led by traffic, fan base, and domain authority. These should be more than enough to get you up to a good intermediate level in the field while staying on top of key events and trends.
To level up, you need more professional and analytical resources to dig deeper into market trends and start predicting them. Follow thought leaders on Twitter and attend current events so you can gain insight into P2P communication. Here comes the problem of verifying reliable sources and opinion leaders.
Creating an Academic Cryptographic Education Program
the poll on British young adults revealed that most people need a source they can trust to learn the ropes of the digital asset space. And what could serve as a better platform in this field than the institutions responsible for higher education?
The active participation of higher education institutions could offer a multitude of benefits to crypto market participants. These can range from increasing the level of trust in the industry and improving the security of users by educating them on best wallet management and asset storage practices to facilitating financial freedom and education. At the same time, widespread university programs on crypto could also help solve the shortage of technology professionals Y female talent within the industry.
The question is: should universities introduce full degrees in digital assets, or is it enough to create a class or major in crypto included in a larger program (eg computer science, business management)?
As cryptocurrencies are still in their infancy, an intensive class on blockchain technology may suffice. However, with the development of new and rapidly growing sectors, approaches and technologies, and as that base expands, the question of creating a department-level program will arise.
At the same time, university crypto programs shouldn’t be that different from the way top universities approach education. The first step is always a general course for everyone, aimed at understanding the basics, establishing a foundation, and highlighting some more specific fields.
Then, once the general course is over, students can select a chosen topic to specialize in. As I see it, the educational outcome can be similar to a thesis focused on prototyping and launching a new company in the field.
The future of crypto education
By providing a trusted platform for students, academic education in digital assets has great potential to fill crucial gaps within the industry, such as a lack of crypto literacy, a shortage of qualified professionals, and the need for better security for users.
I believe that this goal can be achieved by combining the centralization of education in a decentralized world. This means that universities and crypto market participants must take a unified approach to verifying each other’s expertise and recognizing it nationally. This is an important step, as the market today has many “experts” and “gurus” who cheat newcomers and sell them lip service.
Furthermore, academic crypto education must always be based on market demand, which means that it must be flexible enough to adapt to the fast-paced blockchain industry.
And of course, considering the constant pressure on the market from regulators, I would devote a large part of the educational efforts of the industry to studying legal aspects and the practical development of relevant tools.
Dmitry Ivanov is the Marketing Director of CoinsPaid, an ecosystem of cryptocurrency products that sets the goal of meeting the world’s daily needs by leveraging blockchain technology and crypto payments. Dmitry is a crypto payments and crypto adoption expert with extensive experience in business development and marketing.
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