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To be a better programmer, practice is essential. This video tutorial focuses on a HackerRank practice Java program called the Java currency formatter problem. The problem is rated easy, making it ideal for practicing and honing programming skills. The tutorial is led by Alex, who creates Java tutorials weekly on their channel. The problem statement can be found by searching "HackerRank Java currency formatter" online. The goal is to format a given double value according to certain currency specifications.