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The Rise In Demand Of Crypto Classes In Top Universities

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The ongoing latest Fintech revolution due to cryptpocurrency and Blockchain Technology has caused a huge buzz in the global financial markets and has drawn the attention of everyone, from experts to novice investors, alike. In the past year, the cryptocurrencies markets had an unprecedented run while the price of Bitcoin is currently trading to its all time high values.

The cryptocurrency mania has hit the new generation very hard as they find it a very lucrative and potential option for long term investments. To understand how things actually work several prominent universities like Berkley and Stanford are offering special courses for cryptocurrencies and there has been a huge rush of students attending them.

Cryptocurrencies are virtual digital currencies which offer a decentralized and secure way of transferring money across the globe at a very little transaction costs. In order to track the transfer of funds and secure transactions, cryptocurrencies are using cryptography.

A cryptography professor and co-director at the Stanford Computer Security Lab, Dan Boneh says :

“A lot of people are attracted to the huge valuations in these currencies.”

Boneh says that security and cryptography is catching up a lot of student’s interest and has turned out to be the second most popular subject in computer science after machine learning.

Boneh who has been studying cryptography for over three decades now says that :

Crytpocurrencies are a wonderful way to teach cryptography. There are a whole bunch of new applications for cryptography that didn’t exist before.”

Boneh started taking classes for Bitcoin and cryptocurrencies in general back in 2015 with a group of 100 students. Since then, the demand has shot up so aggressively that today there over a million students enrolled to the cryptocurrency course which Boneh takes over the popular online learning portal – Coursera.

Also Read: ConsenSys Academy’s Ethereum Blockchain Developers Graduated In Dubai 

The trend has been witnessed across the many other universities as well. Vipul Goyal, a professor at Carnegie Mellon has been taking classes for Special Topics in Cryptography that focuses on Blockchain and other Cryptocurrencies. Goyal, who has previously working with Microsoft Research in India, has just returned to academia and has recently started the CMU Crypto Group in order to attracts experts and students to pursue research projects in cryptography. Goyal says that he sees a huge potential in Blockchain technology and it provides a safe and secured way of managing different forms which can be easily stored and transferred over the Blockchain. He believes that the Blockchain Technology has the potential to serve other fields in addition to finance and money. We have already seen a few governments using the blockchain technology in real estate to keep secure land records. For example, recently, the state Government of Andhra Pradesh (India) has collaborated with a Swiss Company called “ChromaWay” to build it’s own blockchain based solution to fight against Land/Property frauds (read more details)

Similar to Carnegie Mellon University, other recognized institutions like the University of California at Berkley launched a class course called ‘Cryptocurrency Decal’ last year. Also, in 2015 the Massachusetts Institute of Technology’s Media Lab has established a Digital Currency Initiative. MIT would be using Blockchain Technology to distribute diploma’s. MIT chooses Bitcoin Blockchain over permissoned blockchain.

Goyal and Boneh have been drawing a huge crowd of students currently to pursue knowledge in this next wave of technology revolution. Bonet said:

There are many experiments underway and just like in the rest of the start-up ecosystem, some will do well and some will fail.”

 While explaining how cryptocurrency-startups are having a competitive advantage over other normal technology startups, Goyal said:

 “If you want to start a mobile app, you probably need some investor funding. For cryptocurrencies, if you start your own and if people are interested, you automatically get funded by the value of what you created.”

 Also Read: Bitcoin And Cryptocurrency Related Jobs Grows 82 Percent in the current fiscal’s third quarter.

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