For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series.
Masterclass is a web-based education platform that offers “classes” from subject matter experts in their respective spheres of influence. You can learn how to cook with Gordon Ramsay, explore the art of acting with Natalie Portman or master the tennis racket with Serena Williams.
Its newly launched series on cryptocurrencies, blockchain and Web3 technology follows in the same vein. Binance CEO Changpeng “CZ” Zhao, A16z general partner Chris Dixon, Coinbase president Emilie Choi and Nobel laureate economist Paul Krugman tackle the ins and outs of the subject that is gradually transforming the way we transact and use the internet.
Cointelegraph was offered exclusive access to the series which starts off with an introduction to cryptocurrencies and a macro view of blockchain technology’s inception. In typical Masterclass style, the episodes are superbly produced, with the trusty experts giving anecdotes and answering the most pertinent questions of newcomers to the space.
Zhao encapsulates the evolution of the technology by highlighting how the internet allowed humanity to transfer information, while blockchain builds upon that by powering the transfer of value. Meanwhile, Choi provided a more pertinent insight, pressing home the power of decentralization in giving control back to individuals:
“Crypto is by default inclusive as long as you have some sort of internet connection. This is particularly powerful for people who have been locked out of the traditional financial system.”
Dixon is also a prominent voice through the series, lending his expertise as a technology entrepreneur and prominent cryptocurrency and Web3 evangelist. His introductory thoughts in the series set the tone for the overarching theme of Web3’s influence on the ever-evolving internet: “The big question now is how will those new networks in the next year of the internet be created, who will own them, who will control them and who will make the money.”
The history of crypto — Rooted in Bitcoin
Zhao takes a central role as Masterclass covers the history of cryptocurrency. Rooted in cryptography and the need to solve the Byzantine General’s Problem, Zha unpacks these concepts before touching on…
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