Bitcoin Price Boom Sees Students Flocking To Take Cryptocurrency Courses, Report Says

November 1, 2017 5:43 pm Published by

The rise of bitcoin is having an unexpected effect on colleges, reported Wednesday, as an increasing number of students are signing up for cryptocurrency classes at top computer science schools such as Stanford University in California.

Dan Boneh, co-director of the Stanford Computer Security Lab and professor of cryptography, reports he is attracting a large number of people to his cryptocurrency courses.

A cryptography researcher for almost 30 years, Boneh began teaching a bitcoin and cryptocurrency class in 2015, attracting more than 100 students, the report said. His online cryptography course has seen more than one million signing up, reports CNBC.

As a result of bitcoin’s increase in value, the report said, more students are turning their attention to learning more about them. To date, the digital currency has hit a new all-time high of more than $6,500, pushing its market value above $100 billion.

“Cryptocurrencies are a wonderful way to teach cryptography,” he said, adding “there are a whole bunch of new applications for cryptography that didn’t exist before.”

Vipul Goyal, a faculty member in the Computer Science Department at Carnegie Mellon University, is heading a class called Special Topics in Cryptography, the report said.

Offered for the first time this year, around 20 students, mostly PhD candidates, are taking the class, focusing on digital currencies such as bitcoin and the blockchain.

Last year, the University of California at Berkeley launched a class called the Cryptocurrency Decal, the report said. In 2015, the MIT’s Media Lab created the Digital Currency Initiative.

Just as there has been an increase in the number of students taking cryptocurrency courses, the report said, so too has there been a rise in the number of bitcoin-related jobs.

According to employment marketplace Freelancer, there has been an 82 percent increase in jobs related to bitcoin. Speaking to CNBC, Matt Barrie, CEO of Freelancer, said earlier this week one of the main skills employers are looking for is a candidate’s ability to manage initial coin offerings (ICOs), the report said., Jack Durschlag


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