The world of cryptocurrencies and blockchain technology may be intimidating, perplexing, and challenging to understand for inexperienced people. In a new online learning series, three business leaders and a skeptic economist examine the past, present, and future of developing technology.
A web-based educational platform called Masterclass provides “lessons” from subject matter experts in their individual fields of expertise. With Serena Williams, Natalie Portman, and Gordon Ramsay, you may study acting, cooking, and tennis, respectively.
The recently released series on blockchain, cryptocurrency, and Web 3 technologies continues in this direction. Changpeng “CZ” Zhao, CEO of Binance, Chris Dixon, President of A16z, Emilie Choi, and Paul Krugman, recipient of the Nobel Prize in economics, all are very famous.
They discuss the ins and outs of the topic that is steadily altering how we transact and utilize the internet.
The series, which Cointelegraph was given unique access to, begins with an overview of cryptocurrencies and the history of blockchain technology in general.
The episodes are expertly prepared in the trademark Masterclass fashion, with dependable specialists sharing experiences and responding to the most important queries from newbies to the field.
Zhao summarizes the development of technology by emphasizing how the internet facilitated the movement of information while blockchain expands on this by facilitating the transfer of currency.
In contrast, Choi offered a more applicable viewpoint, hammering home how decentralization may restore people’s control:
“As long as you have a working internet connection, cryptocurrency is by nature open to everyone. For those who have been shut out of the conventional financial system, this is especially potent.”
Dixon is a significant voice throughout the entire series, contributing his knowledge as a successful technology entrepreneur and a well-known proponent of cryptocurrencies and Web 3.
The great question right now is how will those new networks in the next year of the internet be built, who will own them, who will govern them, and who will earn the money. His opening remarks in the series set the tone for the overall subject of Web3’s effect on the ever-evolving internet.
Bitcoin Is The Foundation Of Cryptocurrency History
As Masterclass discusses the development of cryptocurrencies, Zhao assumes a prominent position. Before discussing the mystery surrounding Satoshi Nakamoto, the person who created Bitcoin.
Under the alias Satoshi Nakamoto, Zha unpacks notions rooted in cryptography and the necessity to solve the Byzantine General’s Problem.
The CEO cites the release of the Bitcoin white paper as a turning point for the cryptocurrency and Web3 ecosystem that we are familiar with and utilize today, with the 2008 financial crisis serving as a catalyst.
Because it was the first Bitcoin transaction to be used for business purposes, the well-known Bitcoin pizza is also highlighted.
Due to its smart contract capability and capacity to create ERC-20 tokens, Ethereum is another focus area for businesses looking to enter the cryptocurrency ecosystem.
Zhao and Dixon both discuss the idea and allure of “freedom,” with Zhao pointing out that both libertarians and “hardcore anarchists” find this feature appealing.