Bitcoin no longer sounds mysterious: more than 90% of Americans have heard of it. Blockchain, on the other hand, is still uncharted territory. Although blockchain tech is one of the most disruptive technologies of 2020, only 0.5% of the world’s population are using it. However, according to forecasts, in just 10 years the numbers are going to change drastically – they say 80% of us will be using blockchain tech in some way or another.
Nowadays professionals with deep knowledge of blockchain are hard to find and their salaries are soaring. It’s no wonder the demand for blockchain skills is growing rapidly. Universities, including MIT, NYU, Cornell, Princeton, and others, have already added blockchain study programs and some countries are already struggling to keep up with growing assertiveness. In China, which is launching its first blockchain university programs in 2020, the call for this type of course is so high that providing the opportunity for all interested students has become a challenge.
One of Lumi Wallet’s latest podcasts was dedicated entirely to the problem of learning complicated tech, as well as the opportunities and benefits this new knowledge may offer. Our CEO Diana Furman had a talk with Artur Meyster, a former Wall Street financier who realized the disruptive power of tech, dared to change his career, learned how to code, and founded Career Karma, a platform that helps people become software engineers. You can watch the full broadcast about the future of work, blockchain, and education here.
Why Learning Blockchain is Hard
If you’re an aspiring crypto investor, business owner, product manager thinking of entering the IT space, or even just a crypto enthusiast looking to level up your knowledge on the subject of blockchain, you’ll quickly come across one fundamental issue: there are not enough resources.
Take, for example, books. If you try searching issue-related literature on Amazon, you’ll notice that the choice is limited. Some books are self-published and lack quality and expertise, while others are written by famous crypto advocates and focused on the ‘revolutionary’ side of the tech or are way too techie for readers with no background in programming.
The main problem of learning blockchain is that there is no universal platform that offers comprehensive and well-structured material for different types of people. Depending on your background and level of familiarity with the subject, you have to spend some time searching for the relevant online course.
Think about this: even Wikipedia doesn’t feature too much information about blockchain – only essential and cold facts. Obviously, Wikipedia is not a source that one should recommend for serious self-education, but the fact that the biggest online encyclopedia doesn’t even have a solid base of articles on blockchain and crypto in 2020 raises some concerns. There are a few “blockchain” alternatives to the classic Wikipedia focused on crypto, but they also lack structure and easy-to-understand information.
Another difficulty is that the topic of blockchain is not a trivial one and it is still relatively new. Compared to other popular tech trends, like artificial intelligence or machine learning, you cannot explain blockchain in two words. The idea behind distributed ledger technology is not as “obvious” as robots and algorithms. People who don’t have to deal with cryptocurrency (and even some of those who do) simply do not want to dive into the depth of a trendy tech that hasn’t even proven itself in terms of real-life use cases. The general public simply cannot relate to it.
But not everything is so grim, if you stay focused and goal-driven, you can learn a lot online.
Learn Blockchain via YouTube Videos
While mainstream resources are not in a rush to create a decent blockchain knowledge base, a lot of independent platforms have adopted the role of educators. And Lumi Wallet couldn’t stay on the sidelines. We created Lumi to simplify the complicated process of managing crypto and provide people with all levels of crypto knowledge with an easy tool to work with their digital assets.
But there’s more. Our team has been explaining cryptocurrency and blockchain all along, publishing informative materials and guides on all things crypto on our blog. This time, we decided to go further and show you how easy and user-friendly digital assets can be. From now on, we will post educational videos on YouTube and try to slice and dice the topics of blockchain and crypto. Apart from that, the channel features video guides on how to buy crypto, broadcasts, interviews with Lumi’s CEO, and other materials.
Learn Blockchain via Educational Websites
Probably one of the largest websites dedicated to educating its readers about blockchain and cryptocurrency, 99Bitcoins is a must-read for everyone who is new to the space. The platform constantly updates its guides and reviews on all things crypto and publishes new reviews, tutorials, and videos.
Whether you’re looking for a decent crypto exchange or setting up your very first mining rig, you will find the answer on 99Bitcoins. If you’re no newbie, their content might not fit your needs, although they do post and update a number of useful product reviews that are worth checking out.
And it is safe to say that 99Bitcoins is one source on all things crypto that you can wholeheartedly trust.
There are several great things about the Blockgeeks platform.
The site features more than 60 courses and also offers some of them for free in addition to hundreds of open access guides. Their paid subscription gives you unlimited access to expert courses, paths to guide your learning, tools to measure your skills, and exercise files.
It’s suitable for anyone whether you’re a blockchain expert or have zero knowledge whatsoever, and they constantly update their articles and publish new ones on a regular basis to make sure their readers get the most relevant info.
On top of that, their web course is recommended by established authorities like Steve Wozniak and Vitalik Buterin.
Blockgeeks’ advice to crypto beginners is to start with understanding the basic economics and obtain a few universal skills like reading charts and monitoring market trends. They work closely with industry leaders such as Ethereum and Hyperledger and sum up everything you need to know about blockchain: development, investment, and real-world business use cases.
You can see the full list of educational platforms in our previous article.
Learn Blockchain via Online Courses
If you prefer enrolling in a course, there are a few options too via Coursera, Udemy, and other educational platforms. See a full list of recommended courses in this article.
This course is not going to teach you how to code, but it will definitely help beginners build a solid base. By enrolling in the course, you will be able to figure out what blockchain is and how bitcoin works.
The very basics of the technology, important terms and concepts, smart contracts and Bitcoin Cash — everything you need to know in order to start feeling confident in the subject.
Basically, this course systemizes all the must-know information on blockchain and crypto and saves you the time you would spend browsing through multiple resources on your own. 37 lectures in less than 3 hours and you will finally understand it all.
Finally, if you’re a project manager or an entrepreneur who is more interested in the business side of things, have a look at this course by Linux. It comes in two parts and covers a variety of topics, including blockchain’s impact on the world and the changes it promises, and real and possible use cases.
The course is designed to give a basic understanding of the technology and uses Hyperledger projects as major examples. Ideally, after finishing the course you will have at least a couple of ideas on how to implement blockchain processes into your own business.
Learn Blockchain: Book Recommendations
If you do need a book recommendation, try ‘Blockchain Revolution’ by Alex and Don Tapscott if you’re a beginner who wants to learn more about the life-changing philosophy behind blockchain tech. Or try a series of books, ‘Mastering Bitcoin’ by Andreas Antonopoulos, if you have a tech and programming background and want to understand Bitcoin and the tech behind it.
The Bottom Line
The world of tomorrow is going to rely on technology and there’s no doubt that IT professionals with knowledge of the blockchain field are not going to stay jobless. It doesn’t matter whether you work in marketing or do the coding – if you’re not afraid to learn a new complex skill, it will pay off.
Governments around the world already understand that this tech is here to stay and have started including blockchain in educational programs. And the best part is that if you’re not ready to spend the next four years at a school desk, you don’t have to. Nowadays, you can learn anything online and be fully in charge of where your career path goes.