News portal Medianama organized a bootcamp for cryptocurrency enthusiasts on Friday. The event titled #NAMA Bootcamp: How Cryptocurrencies Work, was held at The Lalit in New Delhi. The event was attended by eminent names such as Pankaj Jain, founder of BlockHack, Ajeet Khurana, CEO of Zebpay, among others.Taking the dais, popular crypto personality and founder of BlockHack, Pankaj Jain explained what blockchain in a nut shell means. Jain said, “Blockchain: Decentralised and spread across the world. It’s slow for transactions, but extremely stable.” An audience member asked, “How do I create value from cryptocurrency, and who decides that?”, to which Jain responded, “There’s zero inherent value to gold and diamond. They have value because two parties mutually agree they have value. The same is with cryptocurrencies.”Ajeet Khurana, the Chief Executive Officer (CEO) of Zebpay said, “Cryptocurrency is a new asset class. It is the only instrument which is multidisciplinary and attributes value.” Pankaj Jain chimed in by saying, “Most cryptocurrency software is open source. You can download it and make changes to it,” and added that the idea of private blockchain does not make a lot of sense.The idea of a private blockchain doesn't make much sense. @pjain at #namabootcamp #NAMA— MediaNama.com (@medianama) August 23, 2019Telegram
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