As the global economy continues to waver, the financial sector is facing a major setback. However, one market is used to uncertainty and is, therefore, well adapt to sail through these fickle waters of unpredictability. With a market size of over $2.5 trillion, the crypto industry is today stronger than ever. In order to decode the biggest hacks and heists of the crypto world, Idea Clan organised a crypto meet-up on April 7th, 2022.
The event was graced by the presence of Pratik Gauri (Founder and CEO, 5ireChain), Sahil Gupta & Abhay Mishra (Co-founders of Trikon Ecosystem), many contract auditors, NFT traders, and Crypto traders. The meet-up was an excellent platform for knowledge sharing and networking with various crypto enthusiasts.
Cryptocurrency has a massive potential to change the way the global economy is structured. It operates through decentralized financial networks which are based upon blockchain technology—a distributed ledger enforced by a disparate network of computers. This all-encompassing technology is rapidly innovating and offers great practicality and convenience. From medicine to education, every sector is looking for ways to accommodate blockchain into their infrastructures.
Non-fungible tokens (NFTs) are is another cryptographic asset employing blockchain technology that has huge potential to transform the financial ecosystem. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. They can represent any real-world item such as real estate or artwork. They simplify transactions by removing the intermediaries and opening new markets.
The crypto meet-up proved to be a very resourceful gathering. All the attendees gained deep knowledge about where the crypto-space is headed and how it can change the face of global economy. This intricate technology has taken up an enormous market share in the past decade and there is no indication for it to slow down anytime soon.