Since the creation and release of Bitcoin in 2009, cryptocurrencies have slowly gained popularity amongst small and big time investors in the financial markets. Today there are more cryptocurrencies than ever before, with new coins and tokens being created each month, all with varying degrees of legitimacy and value.
Cryptocurrencies work through the support of blockchain technology, a type of database that stores it's information in a different way than regular databases. 'Blocks' are filled with data and are then 'chained' together with previous blocks in chronological order.
Once a block is filled, it cannot be altered and is available for any user of the blockchain network to view. This allows for transparency in online transactions, and hints at the possible future uses of blockchain technology to revolutionise the way that money and cryptocurrencies are exchanged online.
There are many reasons for the recent explosion of popularity that cryptocurrencies have enjoyed, especially those well established digital currencies such as Bitcoin, Ethereum, and Litecoin. Here are a few of these reasons:
- Famous public figures speaking in favour of crypto, such as Elon Musk
- A huge increase in the value of digital currencies such as Bitcoin, leading people to invest early in 'up and coming' cryptocurrencies
- Business models making plans to accept Bitcoin and other currencies as a form of payment
- The decentralised nature of cryptocurrency allows it to be traded with limited government or bank interference
However, working with and trading with cryptocurrencies can carry significant risk if you lack the proper training and knowledge required to invest safely. Cryptocurrencies being decentralised is a draw for many investors, but it also means that the Bitcoin economy, for example, will not be given any support or bail outs in the event of a market crash.
If you have been paying attention to recent news and current affairs, you will know that this is a real risk and that crypto markets are extremely volatile.
Because of this, it is essential that you undertake training on the topic of crypto and how it works, in order to understand how to safely get involved with this exciting new tech.
That being said, let's take a look at some of the courses that are available for you to study in Melbourne, Australia, where you can learn more about cryptocurrency, it's value and uses, and how to work with it safely.
If you would like to discover more options for studying crypto and digital currency, see what courses are available in Brisbane.
Which Schools or Universities Offer Courses in Cryptocurrency?
Despite the sharp rise in interest of cryptocurrency and the blockchain technology behind it; Dedicated courses for studying these topics are still few and far between.
However, there are still some academic institutes and online training courses which can give you access to the information you need to get a foot in the door of the crypto industry.
Discover places to study in the rest of the country!
Royal Melbourne Institute of Technology (RMIT University)
RMIT is a university that was founded in Melbourne in 1887. It is a well established school that has the study of technology embedded in all of it's courses, making it the perfect place to learn about newly established, and up and coming, tech.
Because of this, it's no surprise that RMIT was the first of the few academic institutes in Australia to offer courses on blockchain technology. These courses may not be specifically involved with cryptocurrency itself, but an understanding of blockchain is essential if you wish to begin trading in digital currency, start mining for crypto such as Bitcoin, or even create your own cryptocurrency.
Here are several of the courses on offer from RMIT in which you can start to learn about blockchain and it's potential uses in the future:
- Blockchain Enabled Business - This course is available in three levels of certification; As a 3 year Bachelor Degree, a 1 year Graduate certificate, or a 1.5 year Masters Degree
- Developing Blockchain Strategy - This is a 'Future Skills Short Course' running for 8 weeks
- Designing Blockchain Solutions - Another 'Future Skills Short Course' running for 6 weeks
- Developing Blockchain Applications - Again this is a 'Future Skills Short Course' lasting 8 weeks
These RMIT courses aim to teach you the uses of blockchain tech beyond cryptocurrency, and how it will affect the financial world in the near future. Of course, cryptocurrency will still be researched in these courses as a means of looking at the way blockchain is currently used and legal challenges it presents.
If this is something that interests you, check out the courses on blockchain and cryptocurrency on offer in Adelaide.
Deakin University, Geelong, is just a short trip out of Melbourne and offers an excellent education to students, with some of the highest student satisfaction rates in Australia.
Again, the courses on offer at Deakin university focus more on the blockchain technology behind digital currency rather than crypto itself, but still hold valuable insight into the applications of blockchain including it's role in cryptocurrency.
Deakin offers a trimester long course on 'Blockchain Technologies and Real-World Applications' that is a mixture of an online course and a semester of study at the Burwood campus in Melbourne.
This course aims to teach it's students how to script blockchain tech and implement it into different business sectors, such as supply chain management, health care, and the financial sector.
This university also offers a few other courses which entwine an awareness of blockchain with study into areas of business and law, allowing students to learn more about the technology and how it will present and overcome legal challenges in the future.
As you probably noticed, courses that revolve specifically around cryptocurrency are hard to come by at academic establishments. If you have your heart set on taking a university course centered on crypto, you might consider seeing what universities in Sydney have to offer.
Another option is to take a training course online. There are many online run courses that will give you an overview of valuable knowledge, and give you the information you need to safely work with cryptocurrency.
A few online institutes where you can learn about digital currencies include:
- The Knowledge Academy
- General Assembly
- Columbia Business School
These three institutes, along with several others, offer in depth courses about crypto currency and blockchain technology. If you decide to take a training course with one of these educational providers, you can expect to learn:
- The value and uses of cryptocurrency
- How blockchain supports crypto, and it's potential future uses
- The history of money and how Bitcoin and other digital currencies could transform it's meaning and value
- A closer look at some of the most popular digital currencies; Bitcoin, Ethereum, and Litecoin
Clearly, online training providers are currently leading the way with courses available to study and learn about the uses of crypto. Just be sure to do you research before you commit to training course to ensure that you know what you will gain from the time and money you spend on the course.
As these institutes mainly host their training courses online, you will see that they are available in other cities of Australia such as Perth.
Working with a Private Tutor
If you are only looking to study crypto and how to work with it, and wish only to learn about blockchains relationship with digital currency, then there is another option for you.
Working with private tutors and instructors can be a great choice to help you access the information that you need to get a start in the crypto industry. There are many different places where you can discover a private tutor, but it is sometimes hard to know what experience they hold and if they are reliable.
That's why at Superprof we have made it easy for students in Australia to search for professional private tutors who have real world experience in the subject that you wish to study.
You can use the simple website to browse through online profiles of tutors who are offering classes in the use of cryptocurrency. These profiles will let you see each tutors industry experience, teaching experience, and any reviews left by previous students.
All of this allows you to find a knowledgeable and experienced tutor who can guide you through the confusing world of digital currencies, and teach you some tips and tricks for safely trading and investing in crypto.
Working with a private tutor may be your best option for gaining an understanding of crypto in an easy and stress free environment. You can arrange classes around your schedule, and take your learning at a pace which suits you.
However you wish to commence your studies into cryptocurrency and blockchain, now is a great time to learn about the technology and set yourself up for a successful career in this new and exciting industry. Take your time to choose a course that is right for you, and remember to invest your money in a safe and secure way that won't leave you in financial strife.
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