Becoming a Certified Bitcoin Professional (CBP)

I have been ventured in blockchain technology last few years, as I did explore in cryptocurrency and blockchain since 2013. I had immersed myself in Bitcoin forums and message boards, built my own altcoin mining rigs, and dabbled in exchanges. I am truly fascinating in Blockchain Technology such as smart contract, ledger, wallets, cryptocurrency commerce, and recently the blooming ICO. Ethereum is one of my favorites decentralized application.

 

The Technology

Blockchain to cryptocurrency, is like what Internet is to email. A big electronic system, on top which you can build application. Cryptocurrency is just one. Blockchain has far more extraordinary capabilities. Examples including for Ethereum are able to build smart contract that able to handles the enforcement, the management, performance and payment.

I also became the member of ACCESS Blockchain Association, a community that connect tech practitioners, cryptocurrency enthusiasts, coders, investors and ultimately blockchain technology advocates. Tons of interesting individuals inside the group all around the world.

 

The Certification

Lately, I also get to know there is a certification in cryptocurrency called Certified Bitcoin Professional (CBP) by Cryptocurrency Certification Consortium (C4). C4 is a non-profit organization that issues Bitcoin certifications. Given Bitcoin’s decentralized nature, there can be no official certifying authority — anyone can issue anything. In this environment, the only thing that carries weight is reputation, and C4 has a solid roster on their board and advisors, including Andreas M. Antonopoulos (prominent Bitcoin evangelist) and Vitalik Buterin (co-founder of Ethereum).

 

 

The Exam

Out of curiosity, I decided to take the exam to see how good I am or to say how much understanding I am in Blockchain and cryptocurrency. The CBP exam consists of 75 multiple choice questions and must be completed in a 20 minutes timeframe. This time constraint was chosen so that you will not have opportunity to use a search engine because you have to read the question and provide the answer in 16 seconds for each question. A passing grade of 70% is required to apply for certification.

After doing some research and reading about the topics of the components of the exam consists of: – The history of money and ledger-based economics, basic cryptography & encryption, basic of Bitcoin, cryptocurrency mining, wallets, servers & clients, key management and Bitcoin commerce.

I am considered lucky to passed the exam by first attempt because I didn’t really allocation much time on preparation. I paid $99.99 for the examination fee, after I passed the exam (you will know straight away after you press the submit button in the exam), I am required to pay another $34.99 for the certification application fee. All fees must be paid in bitcoin. And you are also required to upload a copy of your CV for the consortium to review and approval for certification.

When you become certified, you get a proprietary certification code to share with potential employers or clients to ensure you’re actually certified. My code is cd22cc and can be verified here. They even send you a fancy paper certificate to pin up on your wall!

 

 

The Value

Since this is a professional exam, it’s natural to think about its utility from an employment perspective. As an employer, I can see CBP serving as a FizzBuzz test to filter out people on the Bitcoin bandwagon who want to “decentralise everything” and don’t have the basic knowledge of how BTC works.

Cost wise, I think it’s pretty fair for a professional certification that cost $100 plus when comparing it to other technical certifications that can cost upwards of $400. Monetary cost aside, towards the blockchain and cryptocurrency journeys toward mainstream this let investors/partners/strangers know I can help them get started in this future technology.

 

 

When you use creative thinking and take risks

you can often end up in a great place.