The importance of education in the field of blockchain

Blockchain is an advanced technology introduced as the basis for the operation of Bitcoin in 2009. Although blockchain technology is widely used today and is recognized for its role in decentralized finance( DeFi), it can also be used in a wide range of industries. But what is blockchain technology?

Blockchain is a kind of distributed registry technology. In a simplified form, this means that there is a global network (distributed) of computers that keep records of financial transactions (ledger-register) using cryptographic security and computer science (technology). All network participants must reach a consensus on transactions before they are completed.

The first consensus mechanism used in blockchain technology is known as Proof-of-Work. This is where computers in the network or nodes compete in solving complex mathematical equations to confirm the validity of a transaction. All nodes in the network must agree that the transaction is fair and consistent with its nature before the transaction is added to the”block”. The first node that solves the equation gets the opportunity to add a confirmed transaction to its block.

Verified transactions are linked cryptographically (hashing), since they are divided into blocks. As soon as the block is filled with transactions, it is added to the block chain. Each time a node adds a block to the block chain, the network rewards it with its own token. This process is known as mining.

Since 2009, many different blockchains have appeared, including blockchains with support for smart contracts, which allow developers to create decentralized applications (dApps). The decentralized and secure nature of the blockchain makes this technology ideal for any financial or data transactions.

It is completely transparent, and every transaction is available for everyone to see. In addition, public blockchains are open source, which means that any developer in the world can use this technology. Public blockchains have no borders, permissions and discrimination, and without a centralized ruling party.

Why start learning blockchain?

The speed of implementation of blockchain technology in recent years has been exponential. However, this advanced technology is still at an early stage, in terms of global use and adoption.

As the popularity of cryptocurrency is gaining momentum, understanding the basic basics of the blockchain will give you a huge advantage. Moreover, when someone understands the history of the financial system and the reasons for the introduction of Bitcoin, by default he knows how to save his fortune.

In the face of growing uncertainty and distrust among the public towards banks, governments and excessive money printing, now is more than ever a good time to start your blockchain training. Gaining knowledge and education in the field of blockchain technology helps people learn how to truly own their assets.

Thanks to the blockchain, anyone can use a secure peer-to-peer network to transfer funds without intermediaries. In addition, storing funds in crypto-wallets, such as WallBTC or SpaceBot, means that only those who have access to private keys can touch the funds. Unlike the traditional banking sector, where people need permission or restrictions to withdraw hard-earned money.

As unemployment is rising worldwide due to the Covid-19 pandemic, getting an education in the field of blockchain gives a great advantage in the labor market. It is the most popular skill since 2020, and can open many doors and opportunities.

Blockchain technology is applicable not only to programmers and technical enthusiasts. Mass implementation of blockchain will require, at a minimum, marketing, public relations( PR), human resources (HR) and customer service. In addition, these roles can be applied in many industries, from healthcare to energy.

Development of blockchain education

Blockchain education, which has received recognition and promotion as the number one in-demand skill, has grown significantly. Three main directions illustrate the growth of blockchain in education.

First, the end users of decentralized applications (dApps) are gradually becoming familiar with navigating through new platforms and protocols. Information about blockchain-based dApps is often searched for in articles on Reddit, Medium, social networks or videos on YouTube.

Secondly, there is a significant increase in demand for blockchain education in business. Many different types of businesses can benefit from integration with the blockchain.

Often, the main obstacle to implementation is the lack of knowledge about technologies. A quick start of blockchain training now means that you could become a teacher informing enterprises about how to easily integrate decentralized technologies into current centralized IT infrastructures.

There is a constant demand for blockchain education from the business side, as we are still in the early stages of the implementation curve. The growth potential of blockchain education in enterprises and corporations is almost limitless, as the technology continues to develop and improve.

Thirdly, with the growth of demand, the number of blockchain developers has increased dramatically. Developers can create blockchain solutions for enterprises, working as hired employees or freelance engineers.

Another potential reason for such a rapid growth of education in the field of blockchain is the indiscriminate and limitless nature of blockchain. Blockchain developers often work remotely. This makes it possible to work from anywhere in the world.

Educational courses on blockchain

Naturally, as the technology is integrated into everyday operations and use cases, more and more training courses on blockchain are becoming available. Since the technology itself is still a niche, only a few providers of blockchain training courses are available. Moreover, they are often aimed at tech-savvy people and programmers who would like to develop their current programming skills.

Blockchain education is in great demand. In addition, blockchain specialists can have high pay. One of the main valuable elements of blockchain training is the training of smart contracts.

• Smart contracts

This has largely happened since the appearance of the Ethereum blockchain in 2015, as the first, and currently the largest blockchain with support for smart contracts.

Smart contracts make it possible to develop and deploy decentralized applications (dApps). At the atomic level, smart contracts are code fragments or programmable money.

Smart contracts are the key cogs in the protocols of decentralized applications (dApps) and decentralized finance (DeFi). They create an infrastructure for automatic, autonomous, open-source protocols. In addition, oracles are used as an oil that ensures the smooth operation of the machine.

• Blockchain Oracles Education

In addition to training in smart contracts, another valuable element of blockchain technology is the training of blockchain oracles. Oracles are protocols that collect data fragments either from a block chain, or from centralized websites or databases (off-chain), and transmit the data back to a smart contract.

For example, if a smart contract is intended to distribute funds to the winner of a sports bet, these will be oracles that will search for the sports API (application programming interface) to confirm the game score and inform the smart contract to the winner.

Another advantage of a strong education in the field of blockchain is the ability to work remotely from anywhere in the world. In addition, these roles often receive higher pay than non-blockchain roles.

Conclusion

There are many reasons to start your educational journey on the blockchain. This is the acquisition of knowledge for interacting with innovative profitable protocols, and understanding the key fundamentals of the blockchain to preserve your wealth.

Moreover, given the record demand for experience and knowledge in the field of blockchains, now is the time to think about a career based on this technology. Knowledge in the field of blockchain can offer international opportunities, higher pay than the same non-blockchain role (for example, marketing or customer service), and an overall improvement in work-life balance.