Aeternity, Dacade Launch Blockchain Course That Rewards Students With Crypto

  • Blockchain technology enthusiasts will be able to earn Aeternity's crypto tokens as a reward for learning how to peform various programming tasks.
  • Users may also earn the tokens by responding to certain discussion questions.

Aeternity (AE), a platform that uses private state channels to manage smart contracts between multiple parties, has reportedly partnered with Dacade, a peer-to-peer online education network, to launch a blockchain course for beginners.

Getting Paid In Crypto For Learning

Students who enroll in Aeternity and Dacade’s blockchain-related courses will be paid in cryptocurrency after they have successfully completed certain assignments and tasks.

According to a blog post on Aeternity’s official website, its free course on distributed ledger technology (DLT) aims to “educate future users, entrepreneurs, and developers on the fundamentals of blockchain.”

Notably, the education initiative will also “reward students with æternity tokens for developing practical use cases of blockchain.” Aeternity and Dacade’s first course is called “Introduction to Blockchain” - which basically helps learners understand the main concepts related to DLT-based systems.

Step-By-Step Tutorials

To facilitate student learning, there are several step-by-step tutorials that need to be completed. There are also various practical challenges that are used to assess how well learners have grasped key concepts and the meaning of important terminology related to blockchain technology.

Additionally, students will be asked to complete certain computer programming tasks and their code will be reviewed - so that they may learn how to properly write code for developing blockchain-based solutions.

Focusing On Learning Material For Developers

Explaining how students are compensated for learning, Nikola Stojanow, the chief of strategy and business development at Aeternity, said:

The challenge for this learning community is to come up with a problem, where blockchain technology could be meaningfully applied. If the student submits a satisfactory response, they earn 10$ in æternity tokens. Additionally they can earn 2$ in aeternity tokens for every meaningful feedback that they provide on the submissions of their peers.

Nikola Stojanow

Going on to emphasize the need for competent blockchain developers and for more courses designed specifically for technically savvy learners, Stojanow, noted: “Our content will generally focus on developers since they are currently the scarcest resource in the blockchain ecosystem.”

"Flexibility" Of Blockchain Courses

Programmers looking to learn how write smart contracts may enroll in Aeternity’s advanced “æternity Development 101” course. Moritz Stellmacher, the founder of Dacade, remarked: 

Through our cooperation, we aim to address the challenge of providing accessible, practical blockchain education in a scalable way. We believe that a decentralized approach to blockchain education will make it not only more scalable and accessible but also flexible enough to accommodate new information, as it becomes available. I am excited to see what new blockchain use cases the students will come up with.

Dacade's Founder

As CryptoGlobe reported recently, Malta-based crypto exchange Binance also launched its own education initiative. The main goal of the exchange's initiative is to conduct market research and prepare reports for institutional investors.

Istanbul Upgrade: 28 Ethereum Improvement Proposals Under Consideration

Ethereum’s developers have submitted 28 ethereum improvement proposals (EIPs), which include recommended codebase modifications that may be integrated into the upcoming Ethereum (ETH) network hard fork, called Istanbul.

The EIPs  are expected to change the smart contract platform’s mining algorithm, code execution and pricing mechanism, and data storage process.

Deciding Which EIPs to Include With Next Hard Fork

During the bi-weekly meeting between Ethereum Core developers (on May 24, 2019), the blockchain network’s development team discussed various approaches and EIPs which may help the platform scale effectively.

Commenting on the process for considering EIPs to be added to Istanbul, Hudson Jameson, the Community Relations Manager at the Ethereum Foundation, remarked:

We’ll talk more on the All Core Devs Gitter channel to wrangle in some of these EIPs that are still stuck in proposed and as quickly as possible decide on which ones are being implemented for Istanbul.

EIP 1108 Tentatively Approved During Bi-Weekly Meeting

Jameson also confirmed that the deadline for submitting EIPs to be considered for Istanbul passed on May 24. He added that Ethereum’s developers are now reviewing the proposals in order to determine whether they should be implemented in the next Ethereum hard fork .

EIP 1108, which recommends small adjustments to Ethereum network gas fees, was tentatively approved this past Friday (during the bi-weekly meeting). As explained on its Github page, EIP 1108 addresses the following:

The elliptic curve arithmetic pre-compiles are currently overpriced. Repricing the pre-compiles would greatly assist a number of privacy solutions and scaling solutions on Ethereum.

Currently, the implementation details related to EIP 1108 (and other EIPs) are being reviewed and Ethereum Core developers will be presenting benchmarking figures for repricing pre-compiles (for EIP 1108) during the next bi-weekly meeting.

According to Ethereum developer Rick Dudley, EIP 1559, which proposes a new type of transaction fee structure for Ethereum, is “a pretty complicated change.” Dudley believes that the final implementation specifications for EIP 1559 will most likely not be finalized by the time Istanbul goes live.

He also confirmed that the Istanbul hard fork, or backwards incompatible upgrade, will be activated at some point in October 2019. However, Istanbul’s Github states that the exact date and time for the planned Ethereum network update is to be determined (TBD).

ETH Mining Protocol Change Under Review

EIP 1057, which recommends a change to Ethereum’s proof-of-work (PoW) mining protocol, is also being considered to be included as part of Istanbul’s codebase modifications. Notably, the market for ether mining rewards has been estimated to be at $655 million (per annum) and powerful ASICs have been consistently outperforming lower-priced and less powerful graphics cards.

One of the design goals, for Ethereum, is to reduce miner centralization by modifying the current PoW mining protocol or replacing it with the ProgPoW algorithm.

Explaining why the implementation of ProgPoW was postponed, Jameson said

We ran into issues starting the ProgPoW audit. We had a hardware partner who specialized in ASICs who was going to work with Least Authority to perform the hardware parts of the audit. They are no longer participating in the audit so we are looking for other auditors for the hardware portion.

Developer Compiles Spreadsheet of All EIPs Under Review

In statements shared with CoinDesk, Ethereum developer James Hancock noted that the smart contract platform’s development team will be working on merging accepted EIPs for Istanbul. The merged proposals will then be added to Ethereum software clients, Hancock explained.

He also mentioned:

The suggestion is to have reference implementations in two ‘major’ clients. The definition of major is pretty loose.

The blockchain developer has compiled a list of all EIPs being considered for Istanbul and they’ve been marked to indicate whether they’re “ready” to be integrated into the Ethereum mainnet