Cryptocurrency exchange Binance launched Binance Academy, an educational portal, back in December of 2018. Since then, the platform has become a popular source of information for those seeking knowledge about cryptocurrencies and blockchain technology. The Binance Academy platform has now reached among the top three names under the category of ‘most popular services’ on Product Hunt.
Product Hunt is a startup backed by Y-combinator which allows its users to upvote or downvote platforms, apps or services which they find useful. This is quite a big achievement for Binance Academy as crypto-related names are yet to receive mainstream success on such platforms. Other than Binance Academy, names such as Robinhood and Earn.com have found a place in the Product Hunt rankings but neither of them has reached so high.
Talking about rankings, Binance itself tops the list when it comes to the largest cryptocurrency exchanges. The platform is currently the largest crypto-exchange with a 24-hour trading volume of over a billion dollars. It is the only platform as of this writing to be beyond the billion dollar mark. Second to Binance is Bit-Z with trades worth $853 Million and OKEx with trades worth $765 million over the 24-hour period.
What is Binance Academy?
The purpose behind creating the Binance Academy was to ensure that anyone looking forward to information on cryptocurrencies can get it in a well-organized manner. The platform claims to provide unbiased information regarding everything that readers want to know about cryptocurrencies and blockchain technology. Upon initial launch, the platform claimed to have over 500 articles which have since expanded.
The Binance Academy can be accessed here.
The Binance Academy has four major divisions: Blockchain, Economics, Security and Tutorials. In order to develop the Binance Academy, Binance started off with an education division in August of 2018. Chief Growth Officer of Binance, Ted Lin, had commented on the Binance Academy, saying:
“Education is the integral pillar to proliferating crypto and blockchain usage...With Binance Academy, our goal is to provide an entirely neutral platform with quality, unbiased, educational information.”
In addition to providing information about the basics of cryptocurrencies and the blockchain technology, Binance Academy also delves deep into matters related to security. The platform explains the readers about various kinds of attacks that are often carried out to attack cryptocurrency exchanges such as a Denial of Services (DoS) attack and a 51% attack. It also explains the users regarding how to stay safe on the internet and how to protect their cryptocurrencies from pyramid or ponzi schemes.
The economics section of Binance Academy explains the economic side of things and how cryptocurrencies function based on economic principles. It is the ultimate learning resource for everything related to cryptocurrencies. Moreover, it also has a tutorials section where a number of community creations are featured. Binance academy features a number of videos in the tutorials section, which explain in detail about various topics ranging from securing your Binance account to trading on Binance.
Stay tuned with us at Cryptoground for all the latest news stories and updates from the world of cryptocurrencies and the blockchain technology.