October 31, 2017
By Darryn Pollock - October 31, 2017 (cointelegraph.com)
In a nod towards the direction cryptocurrencies are heading, the youth of the globe are surging towards university courses that offer teaching in cryptography, as well as cryptocurrency.
The value of Bitcoin is soaring, and students are identifying a new market that is emerging that they are trying to ready themselves for with university accredited courses.
Dan Boneh, co-director of the Stanford Computer Security Lab and a professor of cryptography has noted that security and cryptography represent the second-most popular subject in the university's computer science department, behind only machine learning.
He added: "A lot of people are attracted to the huge valuations in these currencies. Cryptocurrencies are a wonderful way to teach cryptography. There are a whole bunch of new applications for cryptography that didn't exist before."
The rise in popularity has been comparable to the growth of the digital currency which is making all the noise, Bitcoin. It has hit the mainstream in a big way, and now there is a second wave of those who are looking to be more than just investors in the potentially revolutionary technology.
In 2015, Boneh began teaching a class on Bitcoin and cryptocurrencies and was quickly attracting over 100 students. Boneh said that more than one mln people have signed up for an online cryptography class he teaches through the website Coursera.
In Pittsburgh, Carnegie Mellon's Vipul Goyal is using Boneh's interactive online textbook for a class called Special Topics in Cryptography that the school is offering for the first time this year.
About 20 students, mostly PhD candidates, are taking the class which focuses on Blockchain and cryptocurrencies.
The trend is not just limited to these two universities: the University of California at Berkeley launched a class last year called the Cryptocurrency Decal, and in 2015 the Massachusetts Institute of Technology's Media Lab established the Digital Currency Initiative.
Bitcoin, its underlying technology Blockchain, and the theory behind it, Cryptography, is big business as there has already been evidence of growth in the job market for the associated disciplines.
It is understandable thus that University students would want to align themselves with a burgeoning technology that is desperate for growth and can only benefit from additional human capital.
By Darryn Pollock - October 31, 2017 ()
International employment marketplace Freelancer has noted that Bitcoin-related jobs are the highest growers, hitting 82 percent growth in the third quarter alone.
Work relating to Bitcoin, Blockchain, and other related markets is skyrocketing as the cryptocurrency currency heads towards the mainstream, pulling in more and more to feed the ecosystem.
The company's periodic report tracks top trends in online jobs based on the listings on its Freelancer.com platform.
Freelancer notes that a lot of the growth is coming from companies that are looking for freelancers to design new coins, essentially helping them launch ICOs.
"People are getting freelancers to design new types of cryptocurrencies," Matt Barrie, CEO of Freelancer, said.
One of the main skills for which companies are looking is the ability to manage an ICO. ICOs have been seen to be highly lucrative, and many are popping up all over the place. However, recent regulations have slowed down the frenzy.
It is not only the developers and designers of these new coins that are in such high demand for new ICOs according to Freelancer. Employers are looking for people to create new cryptocurrencies but also to write proposal plans for technologies employing Blockchain.
The related field of cryptography saw the number of job listings rise 59 percent in the third quarter, according to Freelancer. Cryptography is essentially the underlying theory upon which the Blockchain and by extension Bitcoin is based.
It is not only useful in cryptocurrency, but it is also a skill that has played a significant role in Internet security and privacy.
Not only is their a higher demand for crypto-workers, but the jobs on offer are also decidedly better than most in a similar field.
A report done in September found cryptocurrency jobs pay, on average, 10 to 20 percent more than the industry norm. Further, they offer better benefits.
Second, cryptocurrency companies have far more flexible remote working perks. In fact, within cryptocurrency companies, employees are 22 percent more likely to have remote working freedom.
Third, cryptocurrency companies and especially ICOs offer far superior liquidity options. Typical equity positions require a liquidity event in order to be sold and have complex restrictions. ICOs generally offer employees coins as part equity positions. While those coins may still have some restrictions, they are far more liquid than options.