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Cyber Bitcoin
According to News.bitcoin.com, a plan initiated by the Indian government provides undergraduate students with a course on cryptocurrencies, blockchains and their use cases. This 12-week interactive course is free to register and learn. Topics covered include bitcoin basics and consensus. At the same time, it is reported that India's cryptocurrency regulatory framework is ready.

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Government-supported projects

A learning platform called Swayam, sponsored by the Human Resources Development Department of the Government of India, provides free computer science courses on bitcoin, cryptocurrency and blockchain. This 12-week undergraduate course is called “Building and Use Cases for Blockchains” and will be held from July 29th to October 18th. The exam will begin on November 17th for those who wish to obtain a certificate from the course. This is the Teacher Development Program (FDP) course approved by the All India Technical Education Board (AICTE).

Swayam Description:

This course is free to register and learn. However, if you need a certificate, you must register at any designated test center and write an invigilator exam that we personally conduct.

The certification exam is optional but costs 1000 rupees (about $14). It will be held in various cities across the country and will be announced at the time of registration. Cities participating in other Swayam exams include Lucknow, Kolkata, Guwahati, Mumbai, Thane, Ahmedabad, Bangalore, Chennai, Hyderabad and Thiruvananthapuram.

Such courses were previously offered through the NPTEL website in July last year and January this year, and the website was funded by the same ministry. The number of people registered in July last year was 20,735, and the number of people registered in January was 14,746. The new NPTEL course, which begins in the July semester, will only be available through the Swayam platform.

“Swayam aims to bridge the digital divide for students who have not yet been affected by the digital revolution and have not been able to join the mainstream of the knowledge economy,” its website details:

All courses are interactive, prepared by the best teachers in the country and available free of charge to any learner... More than 1,000 specially recruited teachers and teachers from all over the country are involved in the preparation of these courses.

What students will learn:

In the first week of the course, students will learn about “Basic Encryption Primitives” and “Introduction to Blockchains”, which include basics, history, architecture, and conceptualization. The basic encryption primitive lasts until the second week, and students will learn more about Bitcoin and the basics of “distributed consensus”.

While most of the courses focus on code and computer science concepts, the Bitcoin Fundamentals Lecture provides a complete picture of Bitcoin, including some limited economics and how cryptocurrencies compete with global central banks. “You have to limit the value of the currency. If you deposit a lot of money in the system, it will gradually reduce the value of that particular currency,” explains one of the lectures.

In the third week, the “Bitcoin Consensus” will be taught, including the basics of work proof and miner role. Students will also learn about allowed blockchains that will continue into the next week. The fifth and sixth weeks will focus on hyperledger, and the rest of the course will discuss blockchain applications, including the use of government and financial services.

Readings for the course include Andreas Antonopoulos's "Mastering Bitcoin: Unlocking Digital Stealth Coins" and Melanie Swan's "Blockchain".

There are two teachers in the course: Professor Sandip Chakraborty and Dr. Praveen Jayachandran. The former is Assistant Professor of Computer Science and Engineering at Kharagpur, Indian Institute of Technology (IIT Kharagpur); his research focuses on computer systems, distributed systems and mobile computing. The latter is a researcher and manager of the Indian blockchain and smart contract team at IBM Research.

Discussion of Indian Crypto Regulation

This Swayam course will begin a week after the Supreme Court of India plans to hear cryptocurrency cases. It is expected that the court will resolve the regulatory framework for cryptocurrencies and the bank ban of the central bank on July 23.

The inter-ministerial team responsible for drafting the country’s cryptocurrency regulation is ready to submit recommendations to the Ministry of Finance.

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