In recent years, cryptocurrency has been taking the world by storm, with soaring market values and a huge influx of investors both big and small getting involved in what many believe to be the future of money.
Cryptocurrency is a relatively new concept, starting with one of the most popular coins, Bitcoin, being released in 2009. Since then, cryptocurrency and the blockchain technology that allows it to work have steadily grown in usage and popularity.
This gain in popularity can be attributed to many different reasons, to name a few:
- Cryptocurrency is 'decentralised' i.e. not regulated by governments or banks
- You can mine for cryptocurrency yourself, potentially earning a lot of money
- With rising values, investments could see decent returns for businesses or individual traders
- Well known public figures often give support to cryptocurrency, and businesses are beginning to accept them as payment
All this and more have put cryptocurrencies into the limelight, and you'd now be hard-pressed to find someone in Australia who hasn't heard of digital currencies such as Bitcoin and Ethereum.
Explore more courses on cryptocurrency around Australia!
A Brief Look at Blockchain and The Risks of Trading Cryptocurrency
Blockchain, which is a piece of distributed ledger technology, for many people holds the future of financial and transaction tech. It is a type of database that stores information in blocks and chains them together, to put it simply. The blocks are in chronological order, as well as being permanent and unalterable.
Everyone can see the information in the blocks in the order that they happened, making it a very transparent way of storing information; This is favourable to banks and businesses that use internet banking as blockchain is commonly used to store transaction history with cryptocurrencies.
Many people in the technology sector believe that blockchain has uses far beyond cryptocurrency, from streamlining supply chain management, to online identity management. This is partly because blockchain has strong security measures in place such as having identical information distributed amongst member computers in a network.
It is thought that blockchain will solve many of the internets' problems to do with verifying identity and fraudulent transactions.
If you'd like to discover more options for learning about blockchain and cryptocurrency, you can look at courses in Adelaide!
While blockchain can be thought of as very secure, the same cannot be said when it comes to trading and investing in Bitcoin, Ethereum, and other digital currencies.
Although values are currently reaching high levels, cryptocurrency markets are notoriously volatile and there can be extreme drops or gains in a currencies value very suddenly.
This can happen for many reasons, sometimes for reasons that make sense and other times for reasons that truly show you how fragile these markets can be. For example:
- Elon Musk caused the Bitcoin market to crash 4% and Ethereum by 4.2% after a single cryptic tweet in June 2021, after previously crashing the Bitcoin market by 10% from another tweet in March.
- Also in June 2021, China announced a widespread ban on the mining of cryptocurrencies. Before this move, half of all Bitcoin mining took place in China, making this hit the Bitcoin economy hard.
It is hard to predict when changes like this will come, so it makes trading with cryptocurrency a risky business. Further, these digital currencies being decentralised means they will get no support or bail outs from government bodies or banks if the market crashes hard.
Because of this, it is very important that you complete the necessary training to get yourself well versed in digital currencies, the risks, and how to minimise them before you start building yourself a trading and investment portfolio.
With that said, let's take a look at some of your options for studying cryptocurrency and blockchain in Brisbane, Australia, so you can begin working with digital currencies safely.
Online Training Courses Available in Brisbane
Despite cryptocurrency and blockchain being thought of as the future of money by many, a lot of universities and colleges are still lacking any dedicated courses that aim to teach their students about these concepts.
Currently, Brisbane universities fall into this category, but if you had you heart set on studying cryptocurrency as part of university course, there are a few options available in Sydney.
Luckily for students in Brisbane, there are other options for getting an education in digital currencies; What they are, how mining them works, how to start trading them safely, and even how to create your own cryptocurrencies.
Your best bet for studying in Brisbane is to take an online training course; Either with a university from another city in Australia, or from online academic institutes such as training providers, business schools, and technology schools.
Monash is a university that is based in Melbourne, Victoria, that offers remote bootcamps in a number of areas of technology like computer programming and Fintech.
If you are hoping to get a good understanding of crypto and blockchain, a course on Fintech, or financial technology, is a good place to start.
Monash offer an virtual bootcamp course called 'Become a Fintech Professional in 24 weeks', in which you will look at a wide range of topics, including:
- Computer Programming with Python
- Working with financial libraries
- Machine learning algorithms
- How Ethereum works and it's use as a cryptocurrency
- Blockchain tech and how it's used with crypto
This is a great course to look at if you are interested in working in the financial sector as well as learning more about cryptocurrency.
There are also a number of other courses that you can study in Melbourne itself.
The Knowledge Academy
The Knowledge Academy is an online training provider that runs short courses and bootcamps for students around Australia. Again they focus on technology, and have a number of programming courses available as well as looking at cryptocurrency and blockchain.
In Brisbane, The Knowledge Academy runs a course called the 'Ethereum Developer Training Course'. This is another great course to consider if you are interested in Ethereum especially, but it can also be great for students who want to learn more about blockchain and cryptocurrencies in general.
The main learning outcomes for this course are:
- Understanding the differences between Bitcoin, Ethereum, and other digital currencies
- Learning how to create and market your own cryptocurrencies
- Understanding the fundamentals of blockchain and Ethereum
The opportunity to learn how to make your own digital currency is an exciting prospect, and this course is a rare treat in a world where it is hard to find courses on crypto at all!
Currently you can take this as a self paced course, where you are given the information to study by yourself at a pace which suits you. However, schedules for remote instructor lead classes and even some in person courses are being prepared.
You can also look at courses run by The Knowledge Academy in other cities in Australia, such as Perth.
This training institute is a good option for learning more about blockchain and how it is involved with crypto. They offer a professional certificate program in blockchain, which gives a great overview of the tech and how to use it in the real world.
Some of the things you will look at in this online bootcamp course are:
- The concepts of different cryptocurrency like Bitcoin and Ethereum
- Learning to use hyper ledger composers to create your own blockchain network
- Creating and using smart contracts with Ethereum
This course will award you a certificate from IIT Kanpur, a prestigious institute of technology in India. The course includes at least four hands on projects in which you put your learning into practice, and offers over 70 hours of virtual classroom sessions.
Study Under a Private Tutor
Another option for students wishing to learn more about crypto is to work with a private tutor. This may have advantages over taking a course from an institute, as you can choose the content of your classes with a tutor and not worry about a specific unit structure.
There are many places that you can locate private tutors to help you in your studies; At schools and universities, on the internet on crypto forums or social media, or on tutoring websites like Superprof.
Superprof is perhaps one of the easiest ways to find a reliable and professional private tutor near your location in Brisbane. You can easily search for tutors who offer classes in whatever you are interested in, and view their personal profile to gauge their experience in cryptocurrency and how suited they are to teach you.
There are many tutors in Brisbane who can offer their expertise in cryptocurrency and blockchain to you, as well as even more tutors living around Australia who are available to study with online.
Thousands of Australian students, from primary school to university, decide to work with private tutors every year. You can too, and the flexibility of working with a tutor can be essential for many people who already work or take a different course of study.
Cryptocurrency and blockchain are changing the world we live in and building a new future of financial business. If you want to be involved with the exciting industry as it grows, now is the time to consider your options of study.
Despite limited academic courses, there are great options available to you that will provide you with the knowledge and skills you need to succeed in the field of cryptocurrency.
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