Understanding how blockchain technology works is vital to understanding the future of cryptocurrency. In this article, we’ll help you understand the foundations of Blockchain, as well as its relationship to Bitcoin and other cryptocurrencies.
What is Blockchain
Blockchain is a transparent, distributed ledger that can efficiently record transactions between two parties and is verifiable and permanent. It’s the technology that allows Bitcoin (and other cryptocurrencies) to exist. Blockchain has not only revolutionized how people conduct business but also drastically changed the way individuals treat their money. From eliminating the middleman in investment transactions to making global payments much faster, blockchain technology has done it all, and there still seems to be much more for this innovative technology to do. However, before you invest in cryptocurrency, you should be aware of what the technology is all about, what the perks are, what the risk is associated with it, and the future for Bitcoin and the altcoins (such as XRP, Ethereum, Litecoin, Dogecoin, etc.)
Why you should learn Blockchain before investing
Blockchain technology is in its relative infancy. As with all new technologies, it takes business owners time to learn how to leverage this tool. While many businesses are aware of the Blockchain, not all of them really understand its purpose and how it can boost their company. By investing time in researching and learning about this revolutionary technology, business owners can take the next step in making Blockchain a viable solution for their company’s needs — and grow their revenue in the process.
The cryptocurrency market – is easier than it seems
If you’re looking to make a big return on your investment, start learning more about the cryptocurrency market. Cryptocurrency strongly appeals to investors who are interested in investing outside of traditional financial markets. While it has been volatile over the past few years, its growth potential is massive — which, combined with its low entry point, makes it a viable option for long-term investment.
Crypto courses – the foundation of success
Crypto is still in its early adoption phase, but plenty of free and paid courses are available for those who want to learn more. There, you can discover in which cases Bitcoin investments are a great find or why the decision to buy Dogecoin with paybis makes sense if you are a small business.
Whatever your interest in Blockchain, you can choose from more than 1,600 courses on Udemy to tailor your learning experience. Some of the most popular blockchain courses cover the technical aspects of cryptocurrency and the technology behind it, such as how cryptocurrencies work, what smart contracts are and how they work, and how to build a career in the blockchain industry.
No matter your experience or skill level, there is a course that fits you — and most of them come at a low price. As always, it’s essential to look out for courses from experts who have been in the industry for a long time.
Coinbase is constantly adding new educational courses that can help you build your knowledge base around digital assets. The opportunity to earn some coins for free is an incredibly powerful incentive to boost your learning about blockchain technology, make smart investments and add to your Coinbase wallet.
UC Berkeley provides Ethereum enthusiasts with an opportunity to learn more about the technology behind the revolutionary cryptocurrency. The online course will cover the basics of Blockchain, including how it works, its features, and why it’s crucial to the future of society. It is something unique, as this is a course that comes from an elite university. The completion time is around six weeks. You can also get a certificate for about $100.
Coursera also offers a course on the fundamentals of cryptocurrencies, which will help you get started with learning about cryptography and blockchain principles. Whether or not you plan on becoming an active participant in the digital currency market, the course “Cryptocurrency and Blockchain: An Introduction to Digital Currencies” is worth checking out. The University of Pennsylvania (which is part of the Ivy League) offers it. The completion time is around four hours.
Another course is “Bitcoin and Cryptocurrency Technologies.” It takes about 23-24 hours to complete and is delivered by another Ivy League University – Princeton. Unlike the previous one, this course is a bit more in-depth.
Blockchain is already changing the world, but businesses are still hesitant about implementing this revolutionary new technology into their daily operations. The first step to success with blockchain is knowledge of the basic tenets of the technology, as well as an understanding of which industries are best suited for it. If you manage to read and listen to some courses, you can better learn how to fully utilize your crypto potential.