The importance of studying cryptocurrency
Over the past 15 years, cryptocurrency has slowly crept into our lives and embedded itself as a regular topic of conversation in many countries around the world. This conversation turned quickly into actual deployment and use of digital currencies and the number of cryptocurrencies available on the market to own and use is constantly growing. Since the introduction of Bitcoin in 2009, a raft of currencies has followed it into the market, including Ethereum, Ripple, Dogecoin and Solana.
The effect felt by the introduction of this new wave of currency has been so strong that individuals are starting to feel the need to educate and prepare themselves for a world where cryptocurrency is perhaps the main legal tender. And educational institutions are no different. Nowadays, it is common to find universities offering studies into cryptocurrency and blockchain technology, to help people get a grasp on this digital phenomenon at an early stage. One example has to be that of NUS in Singapore – who are now starting to offer Crypto related courses and no doubt this is going to fast become the same across the rest of the world – in what is set to be such as lucrative industry and one students and looking to get into.
One might question what there is to know about cryptocurrency that warrants a whole module or degree title. But when the complexities of cryptocurrency, and blockchain technology in particular, are unraveled, there are many aspects that need to be explored. Once you scratch the surface and begin to dig a little deeper, you will begin to see how cryptocurrency and the technology involved in powering it affects many other areas of life.
A blockchain future
Blockchain technology rose to prominence alongside cryptocurrency. Essentially it is information sharing that is completely transparent and not centralized. Data is stored in little impenetrable blocks that make up a chain, hence the name. There are many advantages to it, especially in a society nowadays where data privacy is more important to individuals than ever before, and its use can be seen in everyday services such as health, financial, advertising and retail. Even online casinos for example are taking advantage of this technology to allow their customers to use their services with cryptocurrencies like Bitcoin, Ethereum and Ripple. Therefore, by studying cryptocurrency and the science behind it, you would be acquiring knowledge and a skill that is likely to become standardized across many industries in the near future.
Moving to a more digital future
The varied use of cryptocurrency from online casinos to high street and online retail vendors highlights the trust people are placing in digital currencies. Making payments has already advanced to the stage of paying with mobile phones and watches and cryptocurrency is just the next step in currency evolution. Blockchain technology offers the security and efficiency that people of the present day crave, and with more understanding, more people will start trusting and using cryptocurrency. By studying it where possible, you could get ahead of this curve and give yourself a head start in future opportunities involving cryptocurrency.