Children, teenagers and Blockchain.

Aug 25, 2022
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           Since their appearance on the market, the use of cryptocurrencies has only grown more and more, becoming more popular and known by everyone; it is estimated that by the end of this year, about one billion people will already be recurrent users of cryptos. The generation known as "Millenials" has resorted to it as a long-term shelter system, for them and mainly their children, this said, more than 90% of crypto users are between 18 and 42 years old.

However, this also raises many questions about the solutions and benefits it brings (with the risks tied to such, of course) for those under the age of 17. Just as many are considered digital migrants or digital natives (the latter have had an easier time adapting to new technologies), it is in the latter that this new digital generation, already becoming familiar with and interested in the Blockchain ecosystem, enters, with certain approaches to take into account. At what age should they enter the crypto market? Starting to make buying and selling operations, the risks involved, such as operational inexperience and ease for fraudsters to take their profits.

While the Blockchain world is not limited to a specific age, traders and exchanges have taken certain measures to protect the very young. For example, in the beginning, there was no age limit, but this led to certain vulnerabilities, which were corrected by limiting access from the age of 18. So, minors cannot enter? Absolutely not. The solution has been controlled access, verifying the identity of a parent or representative, thus allowing this minor to enter the ecosystem in a regulated manner.

Similarly, there are cryptocurrency wallets that use the guardianship methodology, so that a verified minor does not make use of cryptos, either he or a third party, until the age of majority, which also reinforces the issue of security, thus limiting their vulnerability to fraudsters. All this is a great solution to risks and dangers, which in turn makes the youngest acquire experience in the use and management of Blockchain from an early age, having before them a whole sea of opportunities once they have maturity and readability for its use.

Today there are even programs, through websites and apps, that allow children to practice with simulations in the crypto world and even make virtual purchases with fictitious prepaid cards, so that they can adapt and become familiar with the Blockchain ecosystem. There are online courses that teach the definition of terms and different cryptos to children as young as 6 years old, programs for children that already talk about the terms Bitcoin or cryptocurrencies. Just imagine what a relay generation we will have with all this.

Understanding that it is already possible to access to minors, that there is teaching and simulated practices, what benefits does this give to the little ones for the future? Well, beyond just learning about a new technology and venturing into the crypto world, it gives them a life lesson that will be practical for them at all times:

The future

          The crypto era is here to stay and develop even further into the future, it is these young people who will take the crypto world to another level with the experience and knowledge they acquire. The world will be crypto-tradable in every aspect, it is only a matter of time.

Savings

          Savings culture, is something important in our lives and it is something that the younger ones will be learning from the holding as a savings tool; they will see its importance and will know that this, in the long run, brings its fruits. Don't we as parents want our children to learn from this in their daily life? Well, there's a reason.

Winning and losing

          Not everything in this life is winning, you lose many times, sometimes more than you win, but it teaches them how to correct or manage the gains and triumphs; because it is precisely a premise of the crypto world, to know how to win and lose.

Finance

          Being so involved with numbers and math, the ecosystem allows children to learn about the financial system, balance sheets, projections and estimates, opening their minds to the future.

Patience

          Not everything comes overnight and even less when you are young and impetuous, where patience is not a virtue in itself; it is at this point where the ecosystem gives a lesson in patience to the youngest.

In conclusion, we can have more reasons to be hopeful about the crypto future for today's kids, since they will be the ones who will lead the way in the future and, with a good start, with the tools available, the right support and practice, they will become a new generation that will take the ecosystem to another level.

Irving Arrieta