Home Cryptocurrency 13-Year old builds $7 million DeFi Protocol on Polygon Network

13-Year old builds $7 million DeFi Protocol on Polygon Network

by Gordon James

A 13-year-old boy is creating an Ethereum based protocol that will change the way we interact with our phones. He is only 13-years-old but he has made a huge name for himself in the world of Ethereum and Crypto. His Polygon Network protocol is based around Ethereum. It is an innovative and brilliant idea. It is a new way to interact with our phones. The idea is to create a not-for-profit network. You can do this with your phone. We can make it a community, so that people can use it as a tool to help each other. This is so that we won’t need money for food and such. We can help each other, and make a better world.

At the age of 13, Younghoon Kim already has a knack for coding. Last week, he introduced the world to a brand new, completely unproven cryptocurrency called DeFi, after creating a simple wallet on the Ethereum blockchain and generating a fresh wallet address. The young developer then integrated a peer-to-peer (P2P) payment protocol called Triniti, designed by the Boston University’s Blockchain Research Lab, into the wallet. This allows users to send and receive payments from any DeFi address, without the need for a third-party payment processor. DeFi is a decentralized application (dApp) platform designed to make cryptocurrency transactions more accessible to the average user.

Over the past decade or so, we’ve seen the arrival of a new type of internet user. The web has brought about a whole new variety of internet user, and they are called the Crypto Users. These are users who do not care about the underlying technology, they simply want to get rich fast in the Crypto space.. Read more about matic polygon and let us know what you think.

Vitalik Buterin became the youngest and most successful billionaire in the field of decentralized finance after the launch of the Ethereum blockchain at the age of 27. His invention has improved the playing field for fintech startups, allowing young stars like Gajesh Naik to launch multi-million dollar DeFi projects with just an internet connection.

Gajesh Naik is only 13 years old, and he has already developed a decentralized financial protocol on the Polygon blockchain. PolyGaj is the name of a protocol that manages over $7 million in digital assets. The stock soared early last month after cryptocurrency advocate Mark Cuban invested in Polygon.

Age is just a number Gajesh Naik | The Boy Who Could DeFie

Arjun Kalsi, Vice President of Polygon, was skeptical when he received a Linkedin message from the creator of PolyGaj. The young creator introduced himself as a crypto-currency developer looking for advice. While it’s common for the VP to interact with various blockchain developers around the world, he became even more skeptical when Naik said he was only 13. In a press release, Kalsi said he was 100 percent sure the message was sent by a scammer posing as a 13-year-old. He thought it was a big hairy guy hiding behind a screen in a remote warehouse.

Kalsi responded to messages a month after her confession in a Telegram chat. What struck the Vice President during the discussion was that after Naik remarked: Dude, he’s a 13-year-old boy. The vice president then gave the go-ahead for an in-person video call via Zoom.

It’s hard to believe that a 13 year old understands the definition of the DeFi protocol, let alone has coded it. DeFi as a whole is a decentralized, non-custodial software that uses smart contracts to manage investments in cryptocurrencies without the need for third parties. Naik’s invention, the PolyGaj protocol, is a platform for such investments and includes smart contracts that determine how the funds are invested.

Just two years ago, the Times Group of India published an article on Gajesh Naik after he developed an artificial intelligence-based e-learning project. Today, at the age of 13, Nike knows C, C++, Solidity and Javascript. He says he first became interested in coding more than five years ago, during a boot camp where he was taught the basics of programming with Scratch.

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