Argentinian High Schools to Teach Ethereum and Blockchain
High schoolers in Buenos Aires, Argentina, will soon be learning about Ethereum and blockchain technology as part of their curriculum. Argentina’s Ministry of Education has teamed up with the ETH Kipu Foundation regarding this integration and prepare students for the rapidly evolving digital world.
The program, which begins on August 27, is designed to provide theoretical knowledge and practical experience in blockchain technology. Students can participate in internships focused on blockchain, giving them real-world experience in the field. This initiative reflects a growing trend in Argentina, where the use of digital assets has surged due to the country’s high inflation rate.
ETH Kipu Launches Online Solidity Course for Students
In addition to the curriculum changes, ETH Kipu is launching an online course dedicated to teaching Solidity, a programming language used to develop decentralized applications (DApps) on the Ethereum blockchain. The course aims to train 500 students over the age of 18 and equip them with the skills to build smart contracts and other blockchain-based applications.
ETH Kipu plans to prepare 30 instructors to deliver this training. Solidity, developed in 2014, is a key tool for creating DApps on the Ethereum platform. It’s also utilized in other blockchain networks like the BNB Smart Chain and Avalanche.
By introducing students to Solidity, the program gives them a head start in the growing field of blockchain development. Paula Doy, the co-founder of ETH Kipu, highlighted the importance of this initiative in providing students with the tools they need to shape the future.
She emphasized that learning about Ethereum and blockchain technology opens up new career opportunities for young people, placing Argentina at the forefront of the global blockchain movement.
Argentina Embraces Blockchain Amid High Inflation Rates
The decision to incorporate Ethereum into the school curriculum comes at a time when Argentina is experiencing one of the highest inflation rates in the world – an annual rate of 276%. This economic instability has led many Argentinians to turn to digital assets to preserve their wealth.
As a result, Argentina has become a leading country in crypto adoption, with a significant portion of its population actively engaging in the digital asset market. Still, ETH Kipu remains focused on spreading knowledge about Ethereum across Latin America.
Earlier this month, the Foundation, along with the Ethereum Foundation, hosted a workshop that brought together 200 students to learn about blockchain. This workshop was the basis behind the integration of blockchain education into Buenos Aires high schools.
Ethereum Foundation Transfers 35,000 ETH to Kraken
Meanwhile, the Ethereum Foundation’s recent transfer of 35,000 Ether (ETH) to Kraken has stirred significant speculation within the crypto community. The transaction, which took place on August 23, 2024, saw approximately $96 million worth of ETH moved to a deposit wallet address associated with the Kraken exchange.
This move has led many to question the Foundation’s intentions, considering its potential impact on the broader market. Back in 2020, the Ethereum Foundation made a notable move by selling 100,000 ETH when the price was around $635.
What followed was a dramatic surge in the price of Ether, skyrocketing by over 500% in the months that followed. By May 2021, the price had peaked at $4,182, hitting another high of $4,891.70 in November of the same year. This historical precedent has fueled speculation that a similar price movement could occur following this latest transaction.
Ethereum Foundation’s Strategic Treasury Management
Accordingly, Aya Miyaguchi, the executive director of the Ethereum Foundation, has addressed the growing speculation by clarifying the purpose behind the 35,000 ETH transfer. Miyaguchi said the move was part of the Foundation’s treasury management activities.
She emphasized that the transfer was not necessarily indicative of an immediate sale but rather an effort to balance the Foundation’s books. The Foundation has an annual budget of $100 million, which includes grants and salaries, some of which require fiat currency.
Miyaguchi further noted that regulatory complications had delayed their treasury activities earlier in the year. Despite Miyaguchi’s explanation, the timing of the transfer and the Foundation’s historical precedent has left many market participants on edge. Notably, the price of ETH has remained relatively stable over the past few days, hovering around $2,743 as of the time of writing.
