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The Ukrainian Ministry of Digital Transformation has released a web series to educate citizens about cryptocurrencies, blockchain and Bitcoin (BTC).
The show premiered on Wednesday and was developed in partnership with Binance, Hacken and Crystal Blockchain as part of the Ukrainian government’s “Diia.Digital Education” program.
The show consists of eight episodes of six to 12 minutes each that explain the basic concepts of cryptocurrency and blockchain. The show is hosted by Andriy Onistrat, an entrepreneur and former banker, who interviews guests working in the blockchain industry.
The first episode, available on YouTube, introduces the concept of cryptocurrencies as a ledger of unauthorized and unstoppable transactions. Special attention is given to the concept of supply verifiability, with Onistrat noting that the Ukrainian National Bank could always decide to significantly increase the supply of hryvnia, Ukraine’s national currency. Ivan Paskar, Binance marketing manager in Ukraine, explains how Bitcoin maintains an immutable and verifiable supply.
The duo also talked about more complex ideas, citing Ethereum, smart contracts and decentralized exchanges. Despite the beginner-friendly show format, Onistrat still asked Paskar some more difficult questions – for example, how the ideals of decentralization and freedom can be reconciled with the identification requirements seen in many centralized exchanges.
Viewers receive a certificate of completion after reviewing all episodes. The initiative is part of the Ukrainian government’s drive to achieve digital literacy in the country. Other programs offered by the ministry include “digital lessons for teachers” and “how to become a YouTube blogger”.
Ukraine’s Ministry of Digital Transformation previously pushed for clearer rules for cryptocurrency businesses in the country, which has led some to conclude that the country is well positioned to attract a thriving crypto ecosystem. Binance has been collaborating with the ministry since last year, when it signed a memorandum of understanding to help plan the country’s cryptocurrency regulation.
