El Salvador Provides Bitcoin Education to Students

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El Salvador, the first country to embrace Bitcoin as legal tender, is determined to get bitcoin adoption in the region by the next generation, amid the worst crypto winters. A video shows how students are already studying about Bitcoin in a class.

Prior intervention of bitcoin could pave the way for mass acceptance and use applications of cryptocurrencies once youngsters grow up and become contributing members of society.

An online video that has gone viral depicts instructors in El Salvador teaching their pupils about Bitcoin over the course of ten weeks. 

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Teachers demonstrate to kids how to get Bitcoin using the Lightning network. Students are also taught about things like nodes, double-spending, and Bitcoin halvings.

A teacher states: 

“The idea is that this be replicated in other schools around the world.”

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A project in El Salvador called “My First Bitcoin” planned to teach over 10,000 children about bitcoin by the year 2022. In 2023, it plans to extend its reach by a factor of 25, and teach 250,000 students. 

However, this is not the first time any project has been launched to teach about crypto as Binance’s partnership with Master Class to deliver a training on cryptocurrencies and blockchains on December 8, seems similar to El Salvador’s action.

El Salvador Bets Future on Bitcoin

Following the legalization of Bitcoin as a form of payment last year, the nation has made a number of contributions to mainstream adoption. In November of last year, President Nayib Bukele said that the country was aiming to construct an income and property tax-free Bitcoin city.

El Salvador’s government added on its crypto attempts last month, forming a National Bitcoin Office (ONBTC) to coordinate all cryptocurrency-related projects in the country. The new group will be able to collaborate on BTC-related issues with global peers. 

Furthermore, Nayib Bukele, who has been criticized for accepting the world’s largest cryptocurrency, has stated that ‘The Bitcoin Experiment’ is game over for fiat currencies.

 

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