There is a magical lock box of intrinsic value, and it accrues credit every time a crypto ecosystem grows or gets used. This magical lock box has nothing to do with any assets “price”, as matter of fact, the value of the contents of the lock box, and what the lock box can be sold for, are often dizzyingly different numbers, this is the type of value opportunity we seek to take advantage of as investors. Crypto is unique in the sense that it is much easier to estimate the value of the contents of this lockbox without doing too much work and while still being reasonably accurate; unlike when, say, looking at a traditional stock. All we have to do is look at a tokens “ecosystem of value”.

The “ecosystem of value” idea is appealing on several levels. If I own Bitcoin, I own this lockbox that receives a few units of value every time someone interacts with this ecosystem. A new webstore starts accepting Bitcoin as payments? Ching-ching, I get some value. Someone starts using Bitcoin for the first time? Ching-ching, I get some value. You can feel the weight of the lockbox increase, from the sheer number of things happening within the ecosystem. A large or growing ecosystem of value suggests a weightier box than, say, an ecosystem which has stagnated. In crypto, growth is impossible to hide, or fake.

This is unlike a traditional market, where a company may open a chain of stores across the country. The fact the stores were opened tells us very little about the growth or intrinsic value of the company, because the expansion was likely financed with debt. Compare that with most crypto assets where expansions to the ecosystem and code are carried out with grass roots in mind. Most feature improvements to a crypto assets native code are volunteer driven, and even large industry level interactions have a heavy grass roots component in conception and deployment. The fact that Bitcoin can not take out a bank loan, is a feature, not a bug. There is no debt hiding anywhere to cripple our analysis of intrinsic value.

There is a dark side however, and it is the impermanence of value accrued in our lock boxes. Although my magical box is locked at all times, coins have a way of disappearing from it when growth begins to slow and the ecosystem begins to shrink; as it will from time to time. Remember that asset prices can continue to moon, even as coins are no longer being added to the lock box (growth and interactions within a tokens ecosystem die down). But as Ben Graham teaches us, prices will always tend toward value over the long term. For what is the accumulation of lockboxes held by all token holders in an asset like Bitcoin, but Bitcoins own intrinsic value as a whole?

Intrinsic value also needs to be unlocked however. Size of the ecosystem, growth, etc. mean very little if users are not engaging with the ecosystem in meaningful ways. It is perfectly possible to have a large ecosystem with low engagement numbers. This would suggest a phantom or “skeleton” ecosystem which looks robust from afar, but is non-operational close up. Several “layer 2” scaling solutions have been adopted on an industry scale, across protocols, but they garner very few users. If these solutions put out their own tokens, they would be very unwise investments.

Frauds such as “Bitconnect” had massive ecosystem growth, but I would argue real engagement numbers within the ecosystem were probably very low. What are “real” engagement numbers? Things like user to user transfers, grass roots adoption by merchants and industry level adoption in mainstream enterprise. From the user to the enterprise level, engagement is a key metric of value.

Without unlocking intrinsic value, the credits we receive in our lock box as the ecosystem expands are worthless, because the expansion is artificial and in name only; like a ghost city with really tall skyscrapers. An active ecosystem of value is the only means to create long term intrinsic value for a crypto asset. One without the other only fills our lock boxes with (light as air) monopoly money. As long as the infrastructure in the ecosystem is growing and being used, we will satisfy Graham’s incessant search for intrinsic value.

Pablo’s well-reviewed book, focused on the principles of crypto investing!

Buy it on Amazon!

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Globally, NFTs have set a huge standard for investments. This trend has also spread in the Indian market, where we could witness Indians showing interest in trading the NFTs. Followed by the success of Cryptocurrencies, now it’s time for NFTs to taste success in the market. For quite a long time, Indians were apprehensive about investing in Cryptocurrencies or digital assets. But now, they are no longer doubtful about them as they have already started investing in NFTs and Cryptocurrencies. Because of this, India has now become the favorite spot for starting NFT startups.

The year 2021 was extra special for NFTs and blockchain technology as more and more people are now venturing into NFT trading. The Indian market has witnessed three new NFT businesses getting launched in no time. This clearly shows how favorable the market is for non-fungible trading tokens.

How Are NFTs Attracting Individuals In Their Space?

The trends initiated by NFTs have been widespread across the globe. By owning the NFTs, individuals not just earn their ownership but also will utilize it for investing and trading. The fortunes that come with NFTs are wide, and that is the reason why people are flocking to NFT investments. The non-fungible tokens are indivisible in nature and can be traded across the globe among any number of people.

When an individual purchases an NFT, the first thing that they realize is that they own something that is rare and unique. This kind of they bestow from NFTs is the compromising factor that leads them to buy NFTs. They can also utilize to sell or auction these NFTs to the public in no time. Considering all these good things that come with NFTs, people are investing in trading digital collectibles. These NFTs are built and functioning in support of blockchain technology that records all the data and transactions in the digital ledgers. When something is recorded in the blockchain, it remains safe from the hands of hackers and other third parties.

Any items and products that satisfy the ideology of being unique and rare can be tokenized into NFTs. It can also be physical assets that exist in real-time. But the only thing to consider is the rarity of those products or items. NFTs have spread across different domains where they can be tokenized into NFTs. Some of the various ranges of NFTs found in the market are as follows,

• Artworks
• Videos
• Music files
• Gifs
• Sports accessories
• Gaming collectibles
• Virtual lands

All these digital collectibles can be traded as NFTs in the market. There are designated NFT platforms that deal with the selling and buying of an exclusive range of NFTs. The NFT collectibles are recorded in the different blocks of the digital ledgers that are tamper-proof. So the data and transactions of the NFTs remain safe and secure.

Some Interesting Numbers About NFTs

• The top five countries that have adopted NFTs the most are from Asia
• The net value of the NFT market is more than $40 billion.
• The growth of NFT sales from 2020 has risen to 131 times in the year 2021.
• Nearly 28.6 million NFT wallets were traded in 2021.
• The Nyan cat GIF was sold for $590,000 worth of Cryptocurrencies in 2021.
• The first tweet made on Twitter was sold as NFT for $2.9 million.
• Beeple, the famous digital artist, has sold his NFT called Everyday: The first 5000 days were sold for $69.3 million.

Why Is There A Sudden Increase In The Number Of NFT Platforms?

The NFT market is quite lucrative and is expected to grow fiercely in the coming years. This gives great scope for entrepreneurs to start their ventures in the NFT market. Within a few years of their existence, the market has grown incessantly around the globe. The Indian market is extremely competitive and favorable for NFT businesses to flourish. This is the reason why entrepreneurs are coming up with new exciting new ideas for starting their NFT business.

The NFT marketplace is a platform where the users can create, mint, tokenize, buy and sell their NFTs. Creators and traders will run towards these platforms to get their reliable The NFT platforms are the best way for entrepreneurs to generate their revenue. For every transaction and activity that happens within the platform, the users have to pay for it. This way, the owners of the NFT marketplaces will earn more considerable revenue.

Beyondlife.Club — India’s First NFT Trading Platform

If you are a great NFT buff, you must definitely have heard about BeyondLife.Club. It is that reputed NFT platform known for hosting two of the most famous NFT drops. This popular marketplace was launched a few months ago. The marketplace platform is known for featuring the NFT drops of Amitabh Bachchan and Stan Lee’s Chakra. The NFT collections became a huge success in the market. Moreover, they are the first NFT marketplace developed with advanced technologies.

Within less than a minute, all their NFTs were sold in the drop. With the great reception they received from their first NFT drop featuring Amitabh Bachchan, they came up with another exciting NFT drop featuring Stan Lee’s collections. The Big B’s NFT collections became a huge success where all their NFTs were sold within a second. Now the NFT platform will enable the users to trade, buy and sell their NFTs in the competitive NFT market.

Popular NFT Marketplaces Available In The Market

The NFT market is flooded with several NFT marketplaces that facilitate users to trade their NFT effortlessly. NFT marketplaces will establish a forum for facilitating buying and selling of the NFTs. The NFT platforms are supported with blockchain technology that secures and protects the data and transactions of the NFTs. Along with BeyondLife.Club, there are various other NFT platforms performing in the market. Some of the popular marketplaces are OpenSea, Rarible, Foundation, NBA Top Shots, etc.

The NFT market in India is growing at a high pace, and the sales volume of these NFTs is tremendously growing with every passing day. When we are busy discussing NFTs here, somewhere in the country, someone will be buying an NFT now, and that is how the NFT sales and trading have spiked up.

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India’s Favorite And Fastest Growing NFT Marketplace was originally published in DataDrivenInvestor on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Blockchain Simplified

What? Why? How?- We uncover all the ways this process takes in any digital input and throws out an undecipherable output

What are Hash Functions?

Cryptographic Hash Functions take any kind of input, say letters, numbers, images, documents, videos, movies, paintings, your dog’s tether (you name it!) and convert it into a string of random characters consisting of numbers and letters. It can look something like this:

9D847A83BFCEABFE34A98D38 (Just entered that with my eyes closed!)

Why are Hash Functions?

The basic foremost purpose of Hash Functions on the Blockchain network, you could say, would be password protection. Your password is hashed first and then stored in the system. Now you would ask how does that make my password protected. To which I would answer — Lo and behold; irreversibility!

Since your password is hashed first, if any hacker wants to guess your password, they would have to do it through the hash function which would look something like the above-mentioned figure. Unless they are a sorcerer, going back from random letters and numbers to an actual password, that makes sense, is practically impossible.

Another use of Hash Functions would be ease of document review. Say that you form a contract with someone over the newly launched NFTs of a big brand, you lay out all terms and conditions and send it to the other party for review. They send it back with a green light to proceed. But since you are a naturally paranoid individual, (paranoid high-five!) you want to verify whether it was altered in any way.

The most obvious way you could do this is by reading and comparing both documents line by line. The less obvious, in fact, the secret way is that you can take a hash of the document and compare it with the hash of the old document. You see one thing that I conveniently skipped was that even if two inputs are 99.999% similar, their hashes would be completely different. It’s like a signature of your input — unique, just like you. So both the hashes of your document should be exactly the same and if they aren’t, time for a serious talk with the other party.

How are Hash Functions

Disclaimer: This section would be strictly technical, discussing the formation of Hash Functions. So if you are someone who stays away from such talk, skip away.

Hash functions differ in length and hence have different names for their length. E.g. SHA-128 is 128 bits long. SHA stands for Secure Hash Algorithm and bits are binary 1s and 0s that make up the digital world.

SHA-128 is a pretty strong hash function. Let me explain. A 2-bit hash function would be comparatively easy to hack as it would have a total of 4 possible outputs (2²). A 128 bits long hash function, hence, would encompass many more possible outputs.

Even though hash functions comprise letters, they are numbers— hexadecimal numbers. These are numbering systems with a base of 16. So your regular decimal system starts from 0, goes on till 9 and starts from 10 again. But a hexadecimal number starts from 0 goes till 9 then A, B, C all the way till F. Why F? Because that’s the 16th digit in the system thus completing your hexadecimal number.

It would be safe to end it here as to not cause an information overload. Would be glad to answer any queries in the comments. You can also connect with me on LinkedIn for a casual chat on the wonder that is Blockchain. I will see you next time where we discuss Electronic Fingerprints. Can’t wait!

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Cryptographic Hash Functions was originally published in DataDrivenInvestor on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Blockchain technology emerged as a trending technology Nowadays. Many big companies and institutions are seeking for good blockchain developers. As this is a new technology, good blockchain developers are hard to find. You have good opportunity to grab these jobs with handsome salary in all over the word.

A blockchain is a digitally distributed, decentralized, Immutable public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies and NFTs.

In Blockchain, Smart Contracts play a very essential role, it helps to make the transactions taking place more safe and secure and function in an organized manner. And not just that, it helps other components like applications running on these platforms be even more accessible.

Top 3 Blockchain development tutorial

1. freeCodeCamp.org —

This is free and open coding tutorial you can find it on YouTube. I am providing you a link of playlist. THIS is a blockchain development tutorial which has content over 16 hour.

2. Dapp University –

This has free and all blockchain related tutorials. You can look for all basics to expert level topics here. Recommended https://www.youtube.com/watch?v=99pYGpTWcXM

3. EatTheBlocks–

This has all blockchain related topics and small projects for practice. You can follow his roadmap video to get good understanding. THIS is roadmap video.

Blockchain tutorial Hindi

Code Eater –

This has good blockchain development content in Hindi language. You can follow his blockchain, solidity courses and other blockchain related topics.

I have added all links with the name of channel and topics. Also you can Find my full road map to blockchain development HERE.

You can ask me anything on response section.

Thank you so much and Happy reading.

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Top 3 Blockchain development tutorial on YouTube and One Hindi tutorial was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

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