El Salvador teaches its students about Bitcoin, paving the way for its widespread adoption
The Students are taught about receiving Bitcoin over the lightning network, nodes, double-spending, and the Bitcoin halving.
El Salvador is taking further measures to promote Bitcoin’s widespread acceptance via student education. However, the nation’s portfolio is down 60%.
Even amid the worst crypto winters, El Salvador prioritises Bitcoin’s widespread adoption. A film depicts kids receiving Bitcoin education in a classroom.
When youngsters become adult citizens and begin contributing to the country, Bitcoin education at a young age might encourage broad acceptance and use cases of crypto.
El Salvadoran instructors educate their kids about Bitcoin as part of a ten-week curriculum, as shown in a video that has gone popular on Twitter. Teachers demonstrate to pupils how to receive Bitcoin over the Lightning network via a practical demonstration. Additionally, students are instructed on a variety of issues, including nodes, double-spending, and Bitcoin halvings.
An instructor said, “The plan is to reproduce this in other schools throughout the globe.” My First Bitcoin, an El Salvador-based Bitcoin education initiative, claims to have educated over 10,000 pupils by 2022. It anticipates increasing its reach by a factor of 25 and teaching 250,000 students by 2023.
In the year after Bitcoin became legal money, the nation made several contributions to its widespread acceptance. In November of last year, President Nayib Bukele said that the government was trying to construct a Bitcoin city free of income and property taxes.
The President established a Bitcoin Office to coordinate all cryptocurrency-related programmes last month. It will also function as a conduit for organising meetings between people and the President about the introduction of Bitcoin and blockchain technology in the nation.
El Salvador has been purchasing one Bitcoin each day since November 18 and now possesses over 2,458 Bitcoins, according to a website that monitors the country’s portfolio. The Central American nation’s Bitcoin assets are down 61.82 percent, representing an unrealized loss of approximately $67 million.