The post crypto platforms should invest in coding academies appeared on BitcoinEthereumNews.com.

Crypto and blockchain technology are dynamic yet have a steep learning curve. A notable concern is companies’ apparent struggle when hiring individuals with the requisite technical skills. A recent PwC survey noted that almost half (48%) of crypto-centric firms needed help finding qualified personnel to run their businesses.  The issues mentioned above are often attributed to the specialized nature of blockchain programming languages, smart contract development, and other unique technical aspects inherent to this domain.  For instance, Solidity, a core language for smart contract creation on platforms like Ethereum, presents a hurdle for those unfamiliar with its intricacies.  Developing smart contracts is complex due to their decentralized nature and the need for precise coding to ensure accurate execution.  Additionally, while promoting innovation, the open participation model of public blockchains also presents regulatory challenges, such as compliance with anti-money laundering and anti-terrorism financing laws. A closer look at the crypto learning landscape The above-stated conundrums have pivoted many toward the idea of crypto platforms establishing coding academies. However, this push hasn’t been without its fair share of challenges.  To elaborate, creating a coding academy — especially those dedicated to a particular ecosystem — ostensibly diverts precious resources and attention away from the network’s primary developmental objectives.  Moreover, investments in time, effort, and talent to initiate and sustain such an academy are also significant.  That being said, the counter-arguments to this notion are also compelling. As highlighted above, targeted educational initiatives can mitigate crypto’s unique challenges.  Several real-world instances support this perspective. Entities like Yellow Network’s Hackademy, Binance Academy, and Byte’s Blockchain Lab offer users a hands-on approach to learning about crypto and blockchain technology.  They provide information on the basics and allow users to create their tokens and explore the structural components of blockchain. These academies serve as conduits, bridging the knowledge chasm and…

---

Filed under: News - @ October 25, 2023 4:28 am