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Educating the Next Wave of Bitcoin [BTC] Developers

Educating the next wave of bitcoin [btc] developers

Educating the Next Wave of Bitcoin [BTC] Developers

Educating the next wave of bitcoin [btc] developers

bitcoin is an open-source protocol that anybody can interact with. It is getting attention and attracting participation in different ways, whether it is through speculation, investing and sending money, all the way to contributing to what’s underneath the hood. The entire bitcoin [BTC] repository is on GitHub, inviting any developer to see the protocol’s code and perhaps contribute toward solving existing problems if they can.

A noteworthy fact, however, is that the pool of developers today is quite small.

“It's not an easy field to get into,” Jimmy Song, author of Programming bitcoin [BTC] and instructor at Programming Blockchain, told bitcoin Magazine. “Interestingly enough, the thing that makes bitcoin [BTC] hard to get started on is the cryptography, and that's hard because the math is not familiar to developers. Specifically, finite fields and elliptic curves.”

Some would argue, though, that the small number of developers in bitcoin [BTC] today is not too small. In fact, it’s perfectly fine at the size it is for such a new industry.

bitcoin has only been around for 10 years, and it only started getting a lot of mainstream attention in 2017, so it hasn't been a long time to build up an ecosystem of developers,” said John Newbery, a bitcoin [BTC] Core developer and bitcoin [BTC] engineer at Chaincode Labs.

“It’s something that we hear a lot, that it is difficult to find experienced bitcoin [BTC] engineers … [bitcoin] really only started getting mainstream attention two or three years ago, so it’s as expected. We’re doing everything we can at Chaincode to widen and deepen that pool.”

Even outside of developer knowledge, there are many aspects of various fields of expertise that require a significant level of understanding in order to grasp bitcoin [BTC] all around. Since there are so many paths that need to be explored, the question is: Where do you start?

It is important to be realistic and realize that a complete understanding of the digital currency will always be unreachable.

“I don't think it's possible to understand all aspects of bitcoin [BTC],” Newbery said. “The frontiers are continually being pushed forward so having 'proper education' that covers the entire bitcoin [BTC] space is a constantly moving target.”

Perhaps a better approach to answering this question requires going back to the very first bitcoin [BTC] educator himself, Satoshi Nakamoto. How did Nakamoto introduce something like bitcoin [BTC] for the very first time in his white paper so that as many people as possible could understand?

Nakamoto seems to have realized that the best way is to break down concepts separately, explain why they do or don’t work individually, and then tie all the strings together at the end.

A Few Examples in Action

BUIDL Bootcamp

One such solution that presents a similar approach has presented itself in the form of Justin Moon’s BUIDL Bootcamp, a grassroots effort by Moon that aims to educate “HODLers” about bitcoin [BTC] beyond the basics. Similar in structure to bitcoin [BTC]’s white paper, Moon’s four-project curriculum, starts with “How bitcoin [BTC] Works.” The first BUIDL Bootcamp class is already halfway complete.

Similar to how the white paper first introduces transactions, then explains timestamp servers and proof-of-work systems before putting all the pieces together, Moon’s curriculum takes a progressive, constructive approach.

Project 1 starts with students making what’s called a “PNG coin.” This is not a coin at all, instead it is a .png photograph of a paper signature with a message, like “I, Alice, issue 10 coins to Bob,” with a signature below it. Just as Satoshi Nakamoto introduces each of his concepts and proceeds to explain how alone they are subject to failure, Moon then shows his students how, with such a simple .png concept, it is easy to double spend transactions.

Eventually, the course introduces digital signatures to replace these image coins and introduces further concepts in a gradual fashion to teach similar lessons about why bitcoin [BTC] was built the way it was. All of this, is also only in project one out of four.

One of the most surprising things about the bootcamp is the extent to which people who had little programming experience were able to follow the course.

“We’ve had a few people that had no prior programming experience besides an introductory programming course, like Code Academy, and we’ve had them get all the way through building an 8,000 line ‘mini bitcoin [BTC]’ that has all the main features,” said Moon.

Chaincode Labs

The efforts at Chaincode are working toward a similar goal of educating about bitcoin [BTC]. Also a bootcamp-style learning course, Chaincode accepts a select number of applicants to go through a multiple-week course about bitcoin [BTC]-related technologies. Their developer-focused initiatives educate about the entire bitcoin [BTC] system, with residencies covering topics from the actual protocol to second-layer technologies like Lightning.

“We’ve done two versions of the residency focused on bitcoin [BTC] Core and bitcoin [BTC], the protocol. And then we did the Lightning residency last year,” said Newbery.

Adam Jonas, who leads the education initiative at Chaincode, added, “We’re also planning a little bit longer residency this summer, a three-month residency, which is much longer than anything Chaincode has run in the past. It is probably an opportunity to sort of fuse both the lecture series and onboarding efforts that we’ve done, along with some project-based work. So hopefully getting the best of both worlds.”

Published at Tue, 15 Jan 2019 22:14:53 +0000

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These 11 Cryptocurrencies Outperformed Bitcoin in January

bitcoin is only the 12th best-performing cryptocurrency of January 2016, with Counterparty, BitCrystals and MaidSafeCoin making a surprise top three movers.


bitcoin Outperformed by 11 Altcoins

When one thinks of cryptocurrencies or blockchain, one usually thinks of bitcoin. It’s the oldest, most used and most secure blockchain out there. However, many fail to realize that there are actually hundreds, if not thousands, of cryptocurrencies out there – and some of these are gaining too much traction on the market to ignore.

Bithub.pl has composed a list of the 20 best performing cryptocurrencies for January 2016, yet bitcoin came in only at number 12.

bitwala-altcoin-bitcoins-1024x444

Weeding out rogue appearances, the list left out some of the smaller market cap coins, which may have risen considerably on thin volumes. Bithub.pl did however give honorable mentions to Pascal Coin (PASC), which grew by 10,765.08%, Byteball (GBYTE) — that’s up 244.64%, — and Golem (GNT) with a 192.09% increase.

The list is diverse and points to no one specific trend within the space. There are privacy-centric coins such as Dash and Monero, Smart Contract platforms like Ethereum and Lisk, and even in-game assets like BitCrystals.

bitcoinist_top_20_1

Who’s Winning The Crypto Race?

Looking at the top three cryptos on the list, we can see a diverse set of coins that serve multiple purposes. The first, CounterParty (XCP) is an asset-issuing platform that embeds data into regular bitcoin transactions. Using CounterParty, anyone can issue assets or tokens that reside within the bitcoin blockchain. One of these tokens issued on the CounterParty platform is, in fact, the second on the list, BitCrystals.

Bitcoinist_Counterparty

BitCrystals (BCY) is an in-game asset that acts as the currency in EverdreamSoft’s free-to-play mobile game Spells of Genesis, a trading card/arcade-style game that leverages blockchain technology both in its in-game economy and the game’s storyline.

The third-highest mover is MaidSafeCoin (MAID), the asset that fuels the MaidSafe network, where users can create and host websites, store private data and share public data through a decentralized mesh network of computers.

bitcoin Weathers January Storm

January was a turbulent month for bitcoin. Despite massive volatility and game-changing developments in the industry, bitcoin has managed to end on a positive note, the price even continuing to grow into February, currently sitting at around $1,030.

Looking at charts showing how bitcoin started the month at $963 and ended at $970, it is easy to forget that bitcoin has dropped to as low as $760, following exchange inspections carried out by the People’s Bank of China, only to bounce back after those involved introduced precautionary measures.

bitcoinist_usd_btc_cryptocompare_3months

What About Fiat?

As we have come to expect, fiat currencies haven’t done nearly as well as cryptocurrencies. Their inflationary nature combined with the fact that they are easily influenced by geopolitical developments has made some big losers this month. 

Following the inauguration of President Donald Trump, and the various policies announced and applied by his administration, the USD dropped 2.6% in January, the biggest monthly drop of the currency since March last year.

Do these altcoins have a standalone future or are they heavily dependent on bitcoin to raise all ships? Let us know in the comments below!


Images courtesy of CryptoCompare, Bithub.pl, Shutterstock, Bitwala

The post These 11 Cryptocurrencies Outperformed Bitcoin in January appeared first on Bitcoinist.com.