What The BitDegree Name Means

The BitDegree logo [image: BitDegree]

We’ve been posting a fair amount of tech-based content recently, so we think it’s time you got to know more about the BitDegree.org brand, who we are, what the name means, and what our principles are.

If it’s your first time here, we’ll keep what we do short: we are the world’s first blockchain-based, massive open online course provider to use gamification in our course content, and we are the first MOOC to reward its students with cryptocurrency tokens when they demonstrate progress with their course of study. We will also be working with top international tech and I.T. companies to provide our strongest students with scholarships and jobs at the end of their course for their efforts.

This is what makes us confident we can revolutionise online education, and we feel this is what separates us from our competitors.

Yet one question we are often asked, is “what does BitDegree mean?” To begin with, we chose the word “bit” because within the world of computing and digital communications, a “bit” is a unit of basic information. This reflects our decision to only offer courses that provide the necessary tech and I.T. skills to students who want to work in that field.

Another driving force behind choosing the word “bit” is our decision to reward students with cryptocurrency when they demonstrate clear progress with their studies. To be more precise, these will be known as BitDegree Tokens. They can be exchanged for other online services within the BitDegree platform, or online goods. All a student needs is an Ethereum wallet to receive them. Moreover, these financial rewards will not be given for massive “achievements”. They will issued for small amounts of progress made in “bits”, which is principle to our method of learning.

With the “bit” of our BitDegree name covered, let’s move on to the “degree” part. Everyone who works with us believes that no matter who you are, where you are from, what you do, or how old you are, an education is a basic right. We have chosen to use blockchain technology, because its decentralised nature cuts out the intermediary from any sector it touches. We will be talking about that on our blog at a later date, so stay tuned.

Education is one of the sectors that requires an intermediary, and this can make education costly, not to mention slow, and outdated. By making BitDegree courses free and online only, we will be able completely eliminate costs (due to the absence of an institute of higher education, and provide in-demand skills required to find rewarding employment in the tech and I.T. sector. Blockchain is also instrumental in this process, because the elimination of an intermediary ensures direct communication between the student and the course instructor.

At the end of their course of study, we believe a BitDegree student will be better prepared than a student who studies a tech or I.T. degree at a traditional institution of higher education. This is because the information they learn from a BitDegree course will be in-demand, and applicable to the real world.

So, that’s where the BitDegree name comes from. But one last thing, please do not confuse us with BitDegree.com — their name is an abbreviation of ‘Bachelor of Information Technology Degree’.

Now you the meaning behind the BitDegree name, please free to get in touch with any more questions by dropping us an email or a message. In the meantime, discover more about what we do here.