3 Tips For Staying On Top Of The Rapidly-Changing Blockchain Industry

If you happen to be a cryptocurrency user or you probably work on the blockchain technology, then you must have probably asked this question at some point; “How do I stay updated on the latest blockchain industry news?” To be frank, it would be difficult to give a consistent answer to such a question.

The reason for that is that the blockchain industry is changing constantly, the rapid change of the blockchain industry doesn’t create an avenue for people to hold on to a piece of particular news for a lengthy period of time. It is not a space with lots of definitive long-form print media available. Even, there was a period when one of the first Blockchain for Dummies books became outdated as at the time when the book was ready to be printed.

Information is a challenge over all the world, anyone without good information is already deformed. Every Dick and Harry wants to know what’s new and to get informed on where the breakthroughs are coming from. But it can get counterproductive and time-consuming when you are getting sucked into the constant churn of news.

That is why it is advised to get your information from the initial source (be it a blog, a founder, press releases, thought leader or any other news directly from a blockchain company or a government agency. Double-checking news stories and thinking twice about unfamiliar news sources can also help you to ensure that what you read, hear and share is the real deal.

3 Quick Tips For Keeping Up With The BlockChain Technology Updates

Here is how you can help to ensure the news which you consume is both timely and accurate:

  1. Look to thought leaders in the space.

Even people within the blockchain industry can face a tough time telling whether a news story is legitimate or not. To avoid as much falsity as possible, you are advised to get your information from people that have been in the blockchain industry since the beginning.

These people should have a track record to back up their assertions. An easy way to start relying on a dependable news ecosystem is to follow-up the founders, individuals, and companies that interest you on various channels; be it on social media, email list, and journals.

Sources such as Medium and Twitter are productive and useful channels for getting your news and your insights right from the very source. This is where so many leaders of thought leaders share information and you may want to follow them to see their posts on both the news and musings on the blockchain industry.

ALSO READ: Coinbase Cryptocurrency Wallet Review

To start with, Michael Casey and Paul Vigna are both authors of The Age of Cryptocurrency and The Truth Machine: The Blockchain, and the Future of Everything. Having said that, consider Kelly Weaver of Melrose PR, Laura Shin of Unchained, Nick Szabo, Caitlin Long are all reliable sources for the happenings in the various areas of the blockchain space.

Also remember, you still have to stay vigilant for fake accounts which offer misleading, incorrect or fake information and news. There have been stories of impersonated accounts designed for thought leaders in the past; this is why you must exercise caution whenever you first begin following someone.

  1. Use social media as a tool for fast-paced news, but beware of misinformation and attacks from hackers.

3 Quick Tips For Keeping Up With The BlockChain Technology Updates

The social media is an excellent way of staying current on the news and updates in the blockchain community. But the danger seen in most of these platforms is very visible, hence, not all the information news you see on social media are actually correct, some aren’t true.

In some cases, there have been small errors and inconsistencies which can add up to a misleading account of what’s happening in the blockchain industry. But also, there are also plenty fake accounts of trolls out there in the social media which are out to manipulate the type of news people view online.

Popular social media platform, Twitter understands this to tackle this, they’ve suspended 70 million accounts between May and June alone, with more scheduled and overhaul of accounts to come up in the coming months. And Facebook is being pressured to change its policies and pay hefty figures for sharing misleading content.

Unfortunately, so many online communities and social media sites present more risks than just “fake news.”

This is why you have to be careful about account hacks, malicious links, phishing links, and even coordinated market manipulations. It is normal for people online to sensationalize an individual or a company in an attempt to manipulate the price worth of a crypto coin for their own personal gain.

The best practice, in this case, is to take the breaking news you get with a grain of salt. Also, if you aren’t sure of any of the information you find on your feed, you can take some time to actually double-check its veracity.

RECOMMENDED: Advantages, Benefits & Disadvantages of Bitcoin Cryptocurrency Trading

  1. Reference multiple publications to cross-check information and company news.

In a new study led by an MIT researcher, Soroush Vosoughi came to a point of being somewhat depressing on the fake information which travels faster than the truth on social media.

3 Quick Tips For Keeping Up With The BlockChain Technology Updates

While there are also plenty of bad actors who are working to spread false information, there are a lot of ways through which you can help to counteract the problem. Verifying such information before sharing should become a standard for you. Also, the best way to do that is for you to get opinions from people.

Cross-referencing such information on different publications and sources is the most effective and easiest way to find the inconsistencies in news reports. You can also get some news from Twitter or Reddit, but also, it is still a good idea for you to confirm your elsewhere.

You can also try checking Medium for posts related to the blockchain happenings, but also, you can try to look at the major publications who makes fact-checking into their process. A fact-checked article or publication is much more reliable and trusted, and it will absolutely have references or source links and explanations to where the information was originally posted.

Truthfully, it is not easy to stay current or updated in an industry like the blockchain which evolves quickly; especially now that the rise of cryptocurrency has coincided with the fake news and propaganda made online. Still yet, a habit of checking multiple sources and a strong dose of skepticism is the best ways which you can use to combat the falsehoods while staying on the cutting edge of the space.

Are you interested in digital currency and blockchain? Stay glued to us to learn about cryptocurrency trading and mining tips.

Add a Comment

Your email address will not be published. Required fields are marked *

error: Content is protected !!