Ravindhar Vadapalli, Professor of Blockchain, Analytics and Finance at the Lovely Professional University Mittal School of Business, an educational institution, discusses the importance of blockchain-based cryptography in storing digital assets using the FE Blockchain .
What are three best practices for today’s youth to follow when it comes to digital assets?
Here are some best practices for youth to follow:
“Get into the Digital Threat Intelligence (DTI) mindset. Young people should develop DTI practices that:
a) Actors*, Intent, and Capability (AIC) Analysis
b) Evaluation of Actors*, Tactics, Techniques and Procedures (TTP)
c) Predictive, Preventive, and Proactive Thinking (3P) Focus
* Actors * are counterparts / digital marketers / sellers
How can blockchain be used to keep digital assets safe? Which apps can consumers use?
Keep your digital assets safe with Blockchain Insulated Cryptology-based lockers. The safety of digital assets is ensured by cryptography within the blockchain, the science of secure communication. Encryption within the blockchain: create messages with hidden meanings. Cryptanalysis in Blockchain: The science of analyzing encrypted messages to restore their actual original meaning.
Therefore, we can use the triple combination of cryptography + cryptography + cryptoanalysis within the blockchain to keep our digital assets safe.
Consumers can use the Truffle Suite, Azure Blockchain MarketPlace. ( https://trufflesuite.com/boxes/azure-digital-locker/ ) or smiota Asset Management Locker ( https://smiota.com/asset-management-lockers/ ) or apps like Smart App Lock – Privacy Lock Reliable.
What three tips would you give to someone who dabbles in crypto trading?
1. Develop a cryptocurrency portfolio based on crypto market capitalization (CMC)
2. Be sure to grasp the crypto market capitalization (cmc)* of the top 5 crypto assets every week
3. Check the beta* (systematic risk measure) of each crypto asset in the crypto portfolio
Once the above is clear, determine the holding period and holding period return.
* Crypto market capitalization = number of target crypto-assets on the market x current market price of target crypto-asset
* Beta, a measure of systemic risk for each type of crypto-asset, should not fall below 1 (One)
According to you, which countries are leading in this space and Indian startup ecosystem can pick up the best use cases?
1. Vita Inu ($VINU) is attracting investors because of the development of the Vinuverse metaverse.
2. The Trace Metaverse ($TRC) Token is also the best choice for partnership with pioneer crypto exchange Bitmart and most promising blockchain Polygon (Polygon Studios) to create a larger game metaverse world.
What are the disadvantages of blockchain?
I think the only big drawback of blockchain is scalability. Blockchain’s ability to manage large numbers of users at once remains a challenge for the blockchain industry. There are also some other drawbacks, such as the popular criticism of the amount of energy Proof of Work uses and the impact such blockchains have on the current environment. Cryptocurrency miners have to use enormous computational power to solve highly arbitrary formulas.
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