Benifits of Decentralized Finance :

1. Globally accessible : Mostly Defi dApps are globally accessible by the public at large and anyone with crypto wallet can transact at Defis with required cryptocurrency in their crypto wallets.

2. No human intervention : Defis are decentralized which causes no intermediary and human intervention in the business transactions. Business rules are automated and written in smart contracts i.e. particular type of coding and these smart contracts are self executing.

3. Permissionless & public blockchain : Normally Defis are built on permissionless & public blockchains. No central authority is there.

4. Interoperable : Now a days Defis are being built in such a way that they can interact among other Defi platforms to smoothen the conduct of transactions with ease, and it makes Defis interoperable. Defi movement is not possible without interoperability. Proper interoperability bridges provide decentralization for users and systems. When these interoperability solutions are adopted, people who currently lack access to financial instruments as basic as a bank account will find it easier to take back control of their own financials and achieve sovereign ownership in a decentralized, trustless, and censorship-free way.

5. Secure & accountable : Due to immutability of blockchain, Defis running on such blockchains are secure in nature to operate.

6. Transparent transaction : Being acquiring basic quality of blockchain i.e. transparency, Defis provide transparency of transactions to its users publicly.

For more details of Defis : Please read my blog :

https://cryptosncoffee.blogspot.com/2021/10/defis-meaning-benefits-risks.html

#wazirxwarriors #cryptocncex # #bitcoin # #cryptocurrency # #investment #definews #blockchain #digital #finance #indiawantscrypto #payments #banking

Crypto World – Crimes, Investigations in to Crypto Cyber Crimes

Interesting topic, sometimes I come across the type of information which i find useful and prefer to share with my friends.

Today, I am sharing the brief information on the topic but in my future posts, i will cover same in details at length.

Let’s start from the era when bitcoin was being used by drug mafias. They used to trade drugs using bitcoin as mode of payment and various methodologies of traditional world for moving drugs from one place to another.

Power of any technology is proved when criminals of technology world start using same for their activities because it is presumed that they use after extensive research.

Ransomware hackers are using bitcoin for taking their ransom money in form of bitcoins because bitcoin technology is so powerful that such criminals are confident that they can not be caught.

Types of crimes commonly found in crypto world :

Darknet markets : Tor browser is used for conducting illegal activities on the net. It’s a browser which hides your identity while using. Nobody can identify who you are, where you are etc.

One illegal site was setup i.e. silk road and it was accessed through Tor browser. It worked like Amazon selling platform where all illegal things were available for buy/sell. But now it’s got shut down by US investigation authorities and man running it is behind bars.

Money Laundering : All of you are aware about this term. Normally it is used to convert black money in to white money or vice versa. Again this area is worrying governments across the globe.

Ransomware : Hackers lock your data and then ask for money to get your data back. It comes under Ransomware category.

Scams : Already you are aware about lot of scams / ponzy schemes in crypto world.

Stolen funds : Normally hackers hack the system and steal the crypto funds from the wallets lying at the system/blockchain.

Terrorism financing : Due to high liquidity of bitcon across the globe, it is the prior choice of all criminals across the globe and it is the most worrying factor for governments across the globe.


With development of time, it’s easy to track past transactions on blockchain. So, criminals started using Privacy coins which again hide your identity.

Now-a-days NFTs are getting very popular. But majority of the cases are where NFTs are being used for money laundering.

#wazirxwarriors #cryptocncex #bitcoin #money #technology #data #cybercrimes #cyberlaws #indiawantscrypto

Regulations for Crypto World

This is my article on Regulations with every minute detail. It will take your 15 to 20 minutes to read.
I have tried to cover all major areas of regulations affecting crypto space in the country.
Send me your suggestions also to cover more areas if you feel.

https://cryptosncoffee.blogspot.com/2021/10/regulations-for-crypto-world.html

#wazirxwarriors #cryptocncex #blockchaintechnology #regulations #banking #cryptocurrency #tokensale #coins #indiawantscrypto
#financeministry #payments #cryptopayments #reservebankofindia #commoditytrading #cryptoassets

Part – 2 : Crimes, Investigations & forensics in to Crypto Cyber Crimes

Part – 1 : https://lnkd.in/dVxFsGev

Having spent 10 years of my career from 1990 – 2000 in auditing and now coming across lot of information in blockchain & crypto space in regard to investigations & forensics in criminal activities of crypto space, i found it interesting to share my findings with my friends.

11 types of cryptos in the world :

1. Ready money i.e. Bitcoin : Cryptos which work like regular money for transacting regular transactions of buying & selling.

2. Open blockchain tokens i.e. Wrap tokens : These are the tokens legally recognised & created under the laws of Wyoming states of USA.

3. Hush / privacy tokens : Example – Monero. These are the special tokens created on the base of principle of complete privacy. Neither transactions nor addresses can be viewed on the blockchain. These are anonymous though bitcoin is pseudo anonymous. This is the most preferred coin by the criminals.

4. Application coins – example : Filecoin (FIL): These are the coins for the types of blockchains meant for particular use case like video streaming in a decentralized manner (ex-theta coin), using to rent out your disk storage capacity for data storage at blockchain (filecoin - FIL).

5. Security tokens : This is something similar to equity shares in real world where shares are issued to raise funds but here it means is tokens issued at blockchain to raise funds. This is hghly regulated area across the world and not liked by the crypto firms to raise funds because of tight regulations.

6. Non-fungible tokens : Full article at blog with all details for NFTs, FTs, etc. :
NFTs & Tokenization: https://lnkd.in/dSBquZAd

7. Algorithmic stable coins : These are not pegged by physical world assets. These are designed & written with such coded language & arithmetic formula that price/value of such coins remains almost fixed due to technology. Practical world does not like such coins but it is emerging area, so important to keep watch on it.

8. Governance tokens : ex- Uniswap : These are the tokens which give you right to vote where you can participate to decide how a particular project evolve.

9. Public blockchain natives : ex-ether : Such blockchains allow others to create further blockchains on top of them with their own tokens like Ethereum, Cardano, Solana, etc.

10. Assets backed tokens : ex- tether (USDT), USDC, etc. Some tokens are backed with narcotics also as commodities and in states of USA are legal.

11. Lending / borrowing cryptos : ex – Aave. These are cryptos specially meant for such activities like staking, yielding etc. in crypto world.
#wazirxwarriors #cryptocncex #bitcoin #money #technology #data #cybercrimes #cyberlaws #indiawantscrypto

Precautions or 25 steps to be taken care by Start-ups in crypto world

1. What you are going to sell ? Be specific to your product/service with special attribute of the product/service. Ex-project of logistics at blockchain with IOTs & AI in B2B2C segment.

2. What is the alternative available to your product/service in the market? Ex- logistic companies are already there but without blockchain, IOTs & AI. You will be at edge.

3. What is the opportunity size? Find out the size of market for your product. It’s critical for long term success.

4. Who is buyer/user ? or say target audience of your product/service. Here in our example is businesses who need our service of logistics.

5. Who is consumer? In my example here consumer is end customer where I have to reach with product of my B2B partner.

6. Who are the Decision makers?

7. Competitors : who are my competitors? Gather information about your competitors.

8. Why I am doing this? Simple answer is for money but it’s not correct one. Be focussed on core reason for doing this project.

9. Why others will use your product/service? Figure out this carefully with your unique attributes which make others to use your product/service.

10. Why others will pay for your product/service? It may be possible for users of your product/service to get it free from other places.

11. Timing : Why you want to do it now? Why not at some other time? Is it the right time to enter in to your planned product/service now ? Ex- for crypto space regulations are not there, so is it right time to launch your crypto project now?

12. How I am going to make this possible ? I mean you are going to have your own technology or partnering with someone else?

13. Plan of action for marketing : How you will get buyers/consumers? Figure out with cost & everything related to marketing plan.

14. How I am going to get buyers? I mean here is what type of media you are going to use for getting buyers?

15. Revenue inflow model : How you are going to make money from the project?

16. Cost module of your project : What is the cost of your project to make it MVP (Minimum viable project)?

17. First consumer/buyer : How much time & money it will take for me to find out my first buyer/consumer?

18. Set milestones: Set first milestone for your project you will achieve after launch?

19. Location of consumers : Where are my consumers? Are they located in India or abroad?

20. Location of buyers : Where are my buyers in B2B segment. Are they in India or abroad?

21. Team : Have you planned how many numbers of man power or say team you need for the execution of your plans? Where are they located?

22. Where are your partners like investors/co-founders, if you need them.

23. Timing to start : When you will start is crucial to decide upon. Be specific in deciding this like date & time etc.

24. Decide particular benchmark for your exit if things do not work well with your plans.

25. When will I need investors ? Set upon the stage when you would like to start talking to your investors.

#wazirxwarriors #cryptocncex #startup #blockchain #ai #iotsolutions #indiawantscrypto #logisticsolutions

https://twitter.com/KCncex/status/1454827406926049286

Why Bitcoin’s slow adoption in Mainstream ?

Why the bitcoin blockchain is not yet suitable for institutional financial transactions ?

Bitcoin is getting popular day by day as a cheap, rapid and reliable method for moving economic values across the crypto economics in the world in a peer to peer manner. Bitcoin network has been operating continuously and smoothly for over more than 9 years. Inspite of losses and thefts of bitcoins belonging to individual holders, the network itself has never been attacked or hacked.

Despite many technical achievements, Bitcoin is still far from reaching mainstream consumer or business adoption.

Possible reasons for bitcoin’s slow adoption :

 End user’s satisfaction with existing payment systems,
 Practically difficult to purchase bitcoins,
 Volatility of bitcoin’s value as compared to government issued currencies,
 Perception of community that bitcoin is insecure,
 Question over legal status,
 Lack of support for bitcoin in the mainstream financial sector,
 Irreversible and unforgiving nature of bitcoin transactions


Why the bitcoin blockchain is not yet suitable for institutional financial transactions ?

Limited capacity of blocksize in the bitcoin blockchain which further limits the processing of number of transactions.

Transaction cost : It is high to the extent of app. $250 per bitcoin, though it is optional to pay but approval of transaction may get delayed.

Irrelevant data : Every new bitcoin node has to download, verify and store the entire history of all bitcoin transactions which are of no interest to Institutions deploying over the bitcoin network.


Privacy and security :

 Mining risks
 Lack of privacy
 Openness


Can financial institutions enjoy the benefits of blockchains without suffering from these problems?

Such problems can be solved to a certain extent with the help of MultiChain framework which can be used to create and deploy private blockchains within or between organizations in the institutional financial sector, by providing the privacy and control. MultiChain framework is derived from the Bitcoin Core software. It supports Windows, Linux and Mac servers and provides a simple API and commandline interface.


#wazirxwarriors #cryptocncex #bitcoin #blockchain #data #security #linux #windows #indiawantscrypto #payments #paymentsolutions #financialinstitutions #banking #bitcoinexchange

https://www.linkedin.com/posts/pankaj-kumar-6a759b207_wazirxwarriors-cryptocncex-bitcoin-activity-6863104726850920448-QD8J

Why recently Ethereum is becoming Centre Stage of the Crypto Economy in the world ?

The events of 2021 has witnessed to the latest Avatar of Cryptos & Blockchain that is to play the role in the wave of innovations in Metaverse, Defis, NFTs and Meme coins.

At the heart of this buzz lies Ethereum, the second-largest cryptocurrency with various use cases.

- Ethereum is being seen as the centre attraction of crypto economy by a section of crypto analysts.

- Metaverse, DeFi, NFTs are being considered as strong pillars of crypto economy during 2022 across the globe. I can not forget to mention about Meme coins which will prove themselves as icing on cake for 2022 along with other three pillars.

So, better to say Metaverse, DeFis, NFTs and Meme coins will act as catalyst for Ethereum to claim for the top spot.

- But some of the ethereum killers are also getting popular, Ethereum will have to battle its “Killers” before it can claim the role of king in crypto economy.

Market has suddenly started realizing that for 2022 ETH is a bet on : The Metaverse, DeFis, NFTs, Web3, Meme coins and Internet Money all rolled into one powerful asset .

Facebook’s announcement to enter into the metaverse has sent Metaverse tokens prices upward with parabolic structure as major ethereum - based platforms around the metaverse touched their ATH prices. Examples – Sandbox, Decentraland’s MANA spiked to their ATH immediate after the Facebook’s announcement and at the center of all is ethereum. Even ETH is also making new ATH everyday with daily trading volume going up.

During 2021, we are the witness to the sudden spike in popularity of NFTs and DeFis and driving force behind all is – Ethereum. Major DeFi projects are hovering around ethereum with more than 69% of TVL of Defi sector and hosting over 3000 Dapps with world marches on towards a decentralized future, Ethereum already has its foot in the door.

Main problem of Ethereum – slow speed and high gas fees :

But with the development of Ethereum 2.0, solution to slow speed and high gas fees is seen in the near future. But still Ethereum has long way to cover because of high share of Bitcoin in the crypto market with 43%, though ethereum’s share is with 19%. Layer 1 solutions are also there on top of Ethereum to solve the problem of slow speed and high gas fees like Polygon(MATIC).

#wazirxwarriors #cryptocncex #ethereum #blockchain #matic #polygon #definews #defiprotocol #nfts #metaverse #memecoins #facebook #economy #gas

https://www.linkedin.com/posts/pankaj-kumar-6a759b207_wazirxwarriors-cryptocncex-ethereum-activity-6863106943846768640-LX47

Part – 3 : Crypto World – Crimes, Investigations & forensics in to Crypto Cyber Crimes

As an investigator & forensics expert in crypto cyber crimes, what you have to understand is about the following things :

Addresses : How mechanism of addresses across cryptos work? There are multiple characters in the string of an address. Investigator must be able to identify about address on which blockchain it has been created.

Centralized exchanges & Decentralized exchanges : It’s important to understand before you dive in to the investigation things in cryptos like how the mechanism behind such exchanges work?

Decryption & Password breaking : You must be able to understand how to decrypt & break the passwords. What type of experts are required to do this job?

Disk Forensics : Experts are available in the market for doing this job.

Explorers : Blockchain explorers are of different types and function in a different way as compared to normal internet explorers. Investigator must possess this knowledge.

Memory Forensics : Again same answer like experts are available in the market.

Network Forensics : Again same answer like experts are available in the market.

Search & Seizure : It’s not physical search. You have to search the crypto accounts like wallets at CeX or DeX and the ledger account at particular blockchain. And how & when to make the seizure of cryptos found during search.

Types of transactions at blockchains : UTXO / Accounts balance. Bitcoin follows UTXO type transactions. Ethereum & others majorly follow Account balance type transactions.

Tor & Dark web : This is the area where normally criminals operate with in their groups or openly but at criminal world. You must understand this side of the criminal crypto world.

Wallets : Wallets can be CeX or at DeX. Wallets can be ethereum based or bitcoin based or may be compatible to erc tokens or trc tokens etc. The whole mechanism of wallets is must to know for the investigator.

#wazirxwarriors #cryptocncex #bitcoin #money #technology #data #cybercrimes #cyberlaws #indiawantscrypto

https://www.linkedin.com/posts/pankaj-kumar-6a759b207_wazirxwarriors-cryptocncex-bitcoin-activity-6863172765701156864-llYb

Part 2 : https://lnkd.in/d7EPF9ut

Part 1 : https://lnkd.in/dVxFsGev

Million dollar question is Who will be assigned the task of Regulator for cryptos in the country?

Hi
Time to Cheers !!!
Positive Regulations coming finally on board.

Million dollar question is Who will be assigned the task of Regulator for cryptos in the country?

It can be RBI or SEBI or may be some other different one.

Cryptos & blockchain are very complex matters. It involves various currencies which affect Indian rupees, forex market of the country, trade, etc. Other crypto assets like NFTs may affect commodities market in the country, Real estate sector, sports industry, etc. Blockchain may affect supply chain management in various industries, hospitality industry, health sector, aviation sector, and lot others either with or without cryptocurrencies.

Answer to concern regulatory authority with which department depends upon various factors (mentioned above) which emphasise the importance on set up of separate department which may work in the style of Central Unified Command Theatre as Indian defence forces has done. As and when required, central command will coordinate & mobilise required resources from/to all other regional commands. Same way, experts should be taken from various departments like RBI, SEBI, FEMA, ED, Commodities Boards, Industries like health/banking/insurance/hospitality/aviation etc. to form a separate department to look after regulatory aspects of cryptos & blockchain.

Initially chances are there for SEBI to be appointed as Regulator and then gradually Govt. may move on to new body for regulating cryptos in the country.

#indiawantscrypto #cryptocncex #blockchain #banking #wazirxwarriors #hospitalityindustry #coindcx #reservebankofindia #finacialservices #cryptofinance #ministryoffinance #sebi

https://twitter.com/KCncex/status/1467445444326297605

https://twitter.com/KCncex/status/1467446310148001793

Types of Wrapped assets :

1. Cash Settled Tokens (e.g. Binance)
2. Redeemable Tokens (e.g. FTX Stocks)

Basics of wrapped assets already have been covered by me in my earlier post at :
https://lnkd.in/dMVjFRM6


I will discuss about two varieties of wrapped assets :

Cash Settled Tokens (e.g. Binance) :

In such types of tokens, underlying asset of the wrapped version is not transferred to the token holder. Example : Suppose you want to buy shares of Microsoft which is listed in USA and you are in India. You will have to make lot of formalities to buy such shares in traditional world like forex regulations, banking regulations, time consuming transaction and same problems you will face when you will sell such shares. More important you can not buy fraction of such shares.

If someone has wrapped such shares and launched them on blockchain for trading, then you can buy such wrapped stock of Microsoft from anywhere in the world with cryptocurrency and that too in matter of seconds and no matter of tons of KYC formalities and even fractionalized ownership also can be purchased. But you will not get underlying stocks of Microsoft, only you can enjoy ups/downs in the prices of such stocks through trading of wrapped version of such stocks.
Binance issues such type of wrapped tokens known as Cash settled tokens. Underlying asset is held by the custodians which means some third party on which community may rely.

Redeemable Tokens (e.g. FTX Stocks) :

Let’s continue with the above example. If wrapped version of Microsoft stocks is redeemable, then I have a right to get the delivery of underlying asset i.e. stock and get it transferred in my name. In such a case, issuer of the token will have to transfer the ownership of such stocks in my name subject to fulfilling certain KYC formalities by me.
FTX does such types of redeemable tokens.


Interesting fact about wrapped crypto assets at ethereum :

Wrapped BTC is ERC-20 token at ethereum. All tokens at ethereum are ERC-20 tokens. But ETH, the native currency of ethereum itself is not ERC-20 compatible. ETH is also used at ethereum in it’s wrapped version. Actually ETH was invented before the ethereum platform was made. ETH inventors raised money with ETH and then Ethereum platform was made. So, ETH is used in it’s wrapped version at ethereum. But with coming of ETH 2.0, this problem will be solved and ETH will be used in it’s original form.

#indiawantscrypto #cryptocncex #wazirxwarriors #cryptocurrency #blockchain #banking #wrapped #ethereum #erc20 #money #india #ftx #stocks #cryptoassets

Journey of Blockchain :
--------------------------

Year Development
----- ----------------
2013 It was all about bitcoin as a currency

2015 Ethereum and decentralized autonomous organizations
(DAOs)

2016 Private blockchains for banks

2018 An explosion of new public blockchains

2020 Decentralized Finance (DeFi)

2021 Now, it’s the turn of Non-Fungible-Tokens (NFTs)

2022 Focus will be on Blockchain with Metaverse & Web3

#cryptocncex #indiawantscrypto #blockchain #currency #finance #banks #bitcoin #development #cryptocurrency #wazirxwarriors #definews #defiprojects #ethereum #metaverse #web3 #nfts

https://twitter.com/KCncex/status/1467510720883425291

Today's hot topic of discussion is -

is Crypto = Money ?

So here are some facts & examples in my video through which you can easily understand about what is crypto.

Indian regulatory bill says that crypto is not currency but it is asset or commodity.

Why crypto is not currency?

Why Crypto is asset or commodity ?

Who will be the crypto regulator of India ? SEBI ?

Use of crypto as currency banned in India.
Crypto is not legal tender.
Crypto is not medium of exchange.
Crypto does not have regulatory approval for use as currency.
Crypto will be regulated in India but not banned.

Click to watch my video at youtube : https://youtu.be/6yX1Ffn_K5Y


#cryptocncex #cryptoassets #cryptocurrency #Blockchain #digitalmoney #cryptoexchanges #Indiawantscrypto #wazirxwarriors #regulations #cryptoregulationsindia #business #cryptobill #cryptoban #payments #banking #banks #bankingandfinance #money

Crypto FAQs answered — about crypto regulations, trading, taxes and CBDC in India

Again we will discuss about the regulations expected in the coming crypto bill of india which is already being discussed in the parliament.

Lot of questions are there in the minds of the public. I have tried to prepare a list of FAQs for the coming regulations.

Let’s discuss these FAQs one by one.

#cryptocncex #indiawantscrypto #cbdcs #regulations #taxes #india #wazirxwarriors #cryptotax #cryptoregulation #blockchaintechnology #blockchain #cryptomining #bitcoins #cryptocurrencies #cryptotrading

https://www.linkedin.com/posts/pankaj-kumar-6a759b207_crypto-faqs-about-regulations-trading-taxes-activity-6875761413684641792-VE_K

Future of Crypto Legislation in India.........

#india #cryptocncex #cryptocurrecy #cryptoassests #indiawantscrypto #cryptoregulation #cryptolegislation #blockchain #cryptonews #wazirxwarriors

https://www.linkedin.com/posts/pankaj-kumar-6a759b207_future-of-crypto-legislation-in-india-activity-6875364939398287360-8K-F

Bitcoin infrastructure for Enterprise solutions in Blockchain world ...........


https://www.linkedin.com/posts/pankaj-kumar-6a759b207_cryptocncex-indiawantscrypto-bitcoins-activity-6878700703024476160-M9_Y

#cryptocncex #indiawantscrypto #bitcoins #btc #bitcoinmining #multichain #privateblockchain #baas #wazirxwarriors #financialinstitutions #banks #bankingandfinance #bankingindustry #banking #paymentsolutions #payments #blockchain #blockchainsolutions #bitcoinminer #btcmining #scaling

25 Steps for Start-ups in Crypto World ........................



https://www.linkedin.com/posts/pankaj-kumar-6a759b207_cryptocncex-wazirxwarriors-indiawantscrypto-activity-6878694464789995520-YiwW

#cryptocncex #wazirxwarriors #indiawantscrypto #bitcoin #cryptoworld #cryptostartups #cryptoassets #cryptocurrencies #digitalcurrency #Blockchain #finance #banking #DeFi #mbafinance #payments #fintech #btc #wrappedtoken #investment #cryptoexchange #cryptobill #cryptoregulation #startupinvestment #startupfunding #startupfounders #startupideas

10 Ways to Profit from 'CRYPTOS' .......................................

https://www.linkedin.com/posts/pankaj-kumar-6a759b207_10-ways-to-profit-from-cryptos-activity-6878682319188697088-nx2M

#cryptocncex #indiawantscrypto #wazirxwarriors #trading #cryptocurrencies #cryptotrading #airdrops #airdropcrypto #hodl #dividend #staking #lendingsolutions #liquiditymanagement #YieldFarming #lending #digitalcurrency #Blockchain #finance #banking #DeFi #mbafinance #payments #fintech #wrappedtoken #investment #Airdrop #liquidity

Why BTC Down, despite Bitcoin Exchange Supply At 31-Months Low ?

BTC Tanked below $47000 and ranging between 47000 – 50000, – Are Big Hands Buying ?

Since Dec.13, BTC is ranging between $47000 - $50000 with market cap app. $900 billion.

Despite the BTC price constantly staying under pressure, Interesting fact is about the Bitcoin Exchange Supply which is at 31-Months low, as per on-chain data available.

Can we compare present market sell off to that in May,2021 as the price already has corrected to nearly 40% from it’s ATH of $69000 ?

There is a key difference between May,2021 correction and that in the current one.

During the May,2021 there was a big sell off by Big Hands, but this time Strong Hands are buying. And these Strong Hands are none other than Financial Institutions.

Major long positions in Bitcoin have been liquidated in the recent price correction.

On-Chain data has been hinting at strength, while the retail investors continue to face a test of patience and anxiety.

Million dollar question – Is Pullback Expected from here ?

My personal view – By March,2022 end BTC will see it’s new ATH of USD 100000.

#cryptocncex #indiawantscrypto #wazirxwarriors #bitcoin #financialinstitutions #cryptotrading #cryptoexchange #bitcoinexchange

https://twitter.com/KCncex/status/1475452770752684032

Top 11 Skills of a Blockchain Architect :

As per estimates, reports say that by 2027, 10% of global GDP will be stored on blockchain technology.

A good blockchain architect must have:

1. Good understanding of

i. Cryptography concepts,
ii. Algorithms,
iii. Tools and Blockchain consensus mechanisms – like Solana is using proof of history (PoH),
iv. Various types of Hashes,
v. Various kinds of encryption algorithms,
vi. Digital signature alogorithm,
vii. Various kinds of security tools,

2. Good understanding of

i. Blockchain performance optimization,
ii. Upgrading nodes and chains,
iii. Backing up and restoring nodes,
iv. Handling cold nodes,
v. Handling wallets,
vi. Clustering for high availability,

3. Servers : Ability to set up, secure, harden & maintain Linux servers – Ubuntu, CentOs, Debian, Fedora, RHEL

Most of the nodes are being going to run on Linux. Ubuntu and Fedore are the most popular ones.

Don’t run all the nodes on one flavour of server to avoid risk of 51% attack.

4. Practical knowledge of Blockchain development platforms such as Tatum and Infura

5. Ability to understand what is GOOD and BAD use case of blockchain

6. Good understanding of the Decentralized Finance (DeFi) ecosystem – Assets, Chains, DAO, DeXs, Lending, Oracle, Protocols, Staking and Yield farming

7. Good understanding of Tokenization and Wrapped Assets

8. Good understanding of the most popular Public blockchains – Bitcoin, Ethereum, Binance smart chain, Avlanche, Terra, Solana, Tron, Polygon and Fantom.

9. Good understanding of emerging areas such as Hybrid Finance (HyFi), Metaverse, NFTs, Web3.0

10. Good understanding of Blockchain security

11. Good understanding of Smart contract security

#cryptocncex #wazirxwarriors #blockchain #indiawantscrypto #cryptography #technology #algorithms #oracle #security #finance #bitcoin #development #linux #digital #blockchainart

https://twitter.com/KCncex/status/1475458094880620544

Multiple Enterprise Use-Cases of Multichain Framework :

MultiChain is an off the shelf platform for the creation and deployment of private blockchains, either within or between organizations. It is derived from the Bitcoin core software. It supports Windows, Linux and Mac servers. It provides API and command line interface.

Multichain framework allows set up of private blockchains which overcome the problems of :

Privacy, Openness, Mining, Scalability, Irrelevant data, Transactions confirmation period, Transaction cost, etc.

#cryptocncex #indiawantscrypto #blockchaintechnology #bitcoin #wazirxwarriors #privateblockchain #multichain #bitcointechnology

https://twitter.com/KCncex/status/1475462716512890886