Binance Academy – The Ultimate Crypto Educator

Without any doubt, one of the most dominant players in the Blockchain market is Binance Labs. The organization is an all-in-one blockchain ecosystem comprised of Exchange, Lab, Launchpad, Info, Academy, and Charity Foundation, all handled by their in-house blockchain – the Binance Chain. Founded under the leadership of CEO Changpeng Zhao, it is operated by a dedicated team of fintech and crypto experts.

Notably, Binance Chain, which acts as the back-end support to all of Binance’s activities, handles the Binance exchange, capable of processing more than 1.4 million orders per second, making it one of the fastest chains in the world. The platform focuses on security, speed, and community — attracting enthusiasts and professional traders alike.

Binance’s Academy (former Binance.Vision) positions itself as the one-stop shop for all crypto. From exchange to trading, incubator, and educator, Binance has tried hard to do it all. It is for that very reason that Binance initiated the Binance Academy. The Academy is a place to teach information about all things blockchain. One of the reasons for starting the project was that the team thought if Binance were the place people learned about cryptocurrency and blockchain, they would be more likely to use the services offered in the future.

And so, let us look into what Binance has in store, the reasons behind its inception, and what the Binance Academy has to offer its users.

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Binance Academy

In mid-2018, the CEO of Binance, Changpeng Zhao, announced the launch of their blockchain and cryptocurrency education platform – The Binance Academy. Binance Academy is one of several arms operated by the Binance foundation to push its goal to dominate cryptocurrency.

This new platform, Binance Academy, operates from the domain www.binance.vision or https://academy.binance.com/. Its vision is to be a universally accessible education portal, like the Wikipedia of crypto. The platform hopes to cover various fundamental and advanced topics, from blockchain and its applications to cryptocurrencies and security.

We have taken great care in adopting a platform that is open for both consumers and producers of content. Users are free to suggest new topics they would like to learn about and submit their work for review and sharing alongside Binance-produced content on Academy, added CZ during the launch.

Given the industry’s fast-moving nature, the curriculum at Binance Academy is known to be continuously adapted and expanded to reflect real-world scenarios and strategies. Users can also bookmark the Glossary as a companion to navigate through the jargon of the fast-emerging blockchain economy.

A Beginner’s Guide to the Beginner’s Guide

We took the initiative to write an entire article about the functions, operations, and features of Binance Academy because it is worth making an effort. Platforms like Binance Academy are extremely rare on the internet because their whole vision is to educate the mass audience without anything else in return (well, at the least, just spreading the Binance name). Like Wikipedia, Khan Academy, and several other platforms, Binance Academy is where one can log in at any time, check out what they wish, gain information, and leave. No sign-ups, no subscriptions, or anything. It aligns with Binance’s long-term vision of evolving into an Open Platform.

At Binance, our vision has always been to increase the freedom of money. We view crypto as a fundamental means to attain this goal, and we work hard to ensure that all of our products and services contribute in some way to reaching that original vision. We believe the future of Binance is a decentralized open platform, and we have taken many steps to achieve this.

As time progressed, Binance kept updating its platform with new terms, videos, security upgrades, and sometimes news about recent events. As a result, according to the website ranking service Alexa, Binance Vision is currently ranked in the top 18000 websites visited daily, up from 25000 only in May 2020.

The entire website is currently divided into four categories, each imparting information in its medium.

Glossary

A glossary is where one finds the meanings and definitions of complex words, abbreviations, and jargon. Talking about jargon and complex words, the world of blockchain and cryptocurrency is full of them. From abbreviations like FUD and HODL to superfluous words like Hashing and Mining, any outside person will need clarification when looked at for the first time. The Glossary allows people to understand what is in the evolving world of cryptocurrencies.

Tutorials

Quite quickly, the most viewed section, Tutorials, features articles, essays, and video explanations of topics that one might need to understand to grasp Blockchain technology fully. Under this section, one can find answers to simple issues like mining and encryption to more advanced topics like Smart Contracts, Quadratic voting, etc.

Economic Perspective

Primarily focused on the market and trading, the Economics section explains various trading strategies and economic perspectives on crypto and blockchain. For example, you can find strategies to Dollar-Cost-Average your crypto or walk in to learn more about Bitcoin’s store of value theory, among hundreds of other topics.

Security Breakdown

Under the Security banner, Binance Academy gives us deep perspectives into the back-end part of cryptocurrencies. It is well known that as appealing as it may be, the crypto world is invested in scams, schemes, and whatnot. It also doesn’t help because of its complexity; many people need to learn how to store, back up, and safeguard their digital assets. This category covers all critical areas for safeguarding, holding, and browsing your cryptocurrencies.

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Here is a Reddit sub where you can check out what you will find on Binance Academy for more information.