The Ukrainian Ministry of Digital Transformation launched an online sequence to teach residents about cryptocurrencies, blockchain and Bitcoin (BTC).

The present premiered on Wednesday and was developed in collaboration with Binance, Hacken and Crystal Blockchain as a part of the Ukrainian authorities’s “Diia.Digital Training” program.

The present consists of eight episodes of six to 12 minutes every that designate the essential ideas of cryptocurrency and blockchain. The present is hosted by Andriy Onistrat, an entrepreneur and former banker, who interviews friends working within the blockchain business.

The primary episode, obtainable on YouTube, introduces the idea of cryptocurrencies as a permissionless, unstoppable transaction ledger. Particular consideration is given to the idea of provide auditability, with Onistrat noting that the Nationwide Financial institution of Ukraine might at all times resolve to vastly enhance the provision of the hryvnia, Ukraine’s nationwide foreign money. Ivan Paskar, Binance advertising and marketing supervisor in Ukraine, explains how Bitcoin maintains an immutable, auditable provide.

The duo talked about extra complicated concepts as nicely, mentioning Ethereum, good contracts and decentralized exchanges. Regardless of the newbie-friendly format of the present, Onistrat nonetheless requested Paskar some harder questions — for instance, how the beliefs of decentralization and freedom might be reconciled with the identification necessities seen in lots of centralized exchanges.

Viewers obtain a certificates of completion upon going by all of the episodes. The initiative is a part of the Ukrainian authorities’s push to attain digital literacy within the nation. Different reveals provided by the ministry embrace “digital classes for academics” and “the best way to develop into a YouTube blogger.”

The Ministry of Digital Transformation of Ukraine beforehand pushed for clearer laws for cryptocurrency companies within the nation, which led some to conclude that the nation is well-positioned to draw a thriving crypto ecosystem. Binance has been collaborating with the ministry since final 12 months when it signed a memorandum of understanding to assist design the nation’s cryptocurrency regulation.