The Importance of Cryptocurrency Education
Tags: Bitcoin, Blockchain, Token Sale, Cryptocurrency, Education

In just a few months from now, Bitcoin will turn 10 years old, yet although it has been around around for almost a decade it is still very much an ‘Alien’ term to many people. While many have heard of the name ‘Bitcoin’ there is a large percentage of people that do not understand understand what it is or what it means.

A few weeks back we wrote an article on the importance of adoption and making cryptoasset investing accessible for as many people as possible, which Vitalik Buterin believes should be the ultimate goal of the crypto space. And while we very much agree with Vitalik, we also believe that cryptocurrency education is an essential aspect of the adoption process. If people do not understand the value of cryptocurrency then how can they be expected to believe and invest in it?

According to an article in Bitcoinist, 38% of people in the UK do not understand cryptocurrency. Another study revealed that less than half of Russians know what cryptocurrency is and a further study reported on seeking alpha showed that 34% of european consumers have not even heard of the term cryptocurrency. And although the crypto space is growing at a rapid pace, countries such as the UK are still reluctant to add cryptocurrency education modules to the school curriculum, something that we feel is very important!

Cryptocurrency is not just about investing, as the industry grows the demand for new talent with an understanding of blockchain and cryptocurrency and specific tech skills increases. There are already endless career opportunities available within this space and we are only at the very beginning of the revolution. Those that do not take the time to learn about it will ultimately be left behind!

The first steps to getting involved with cryptocurrency whether to invest or to place value as a career choice, is ultimately to understand what it is, the technology behind it and how you can benefit from it. Cryptocurrency education is not something that is easily accessible to the masses, instead, we are flooded with news, reviews and articles that are tech heavy, focus on insignificant factors and are often filled with acronyms that are hard to understand and decode for the crypto newbie.

The whole crypto sphere is lacking quality cryptocurrency education, an aspect that is being overlooked by many within the industry, but also by the mass market. People are reluctant to learn about it because it scares them and it is complicated, but it doesn’t have to be.

That is why we are creating B21 Life, our cryptocurrency education and community app, to help people understand what cryptocurrency is, learn about the technology behind it and the investment processes. B21 Life will offer short and simple tutorials, informative blogs and opinion articles, a detailed cryptocurrency glossary and daily news updates on what is going on within the industry from around the world. Users can also ask questions and interact with the B21 team directly.

At B21 our main objective is to build the world’s largest cryptoasset investment community and it all starts with cryptocurrency education. So whether you want to know about the basics of crypto, the basics of investing, blockchain technology, or you are simply looking for the most important news today in this space, we will have it all — neatly segmented and curated by experts on B21 Life.

B21 Life is an interactive app and we encourage feedback and opinions from our users. Users will have the opportunity to earn B21 Tokens by helping to contribute to the app — look out for our announcement on the B21 Life launch — coming soon!