Child’s play: Gajesh Naik, 13, manages a fortune in DeFi
Cointelegraph
Published Jul 02, 2021 09:08AM ET
Updated Jul 03, 2021 09:40AM ET
At 13, it is hard to believe that anyone can understand the potential and responsibility and danger of holding private keys to half a million dollars while living life as a normal seventh-grader in India.
What makes the case of Gajesh Naik, the 13-year-old decentralized finance (DeFi) wunderkind from Goa, so unique is that while he can design a DeFi protocol able to accept $1 million of investors money, he is too young to sign a legal contract or be held liable for any loss. Would you trust your money to an unproven teenage developer with just half a years programming experience on solidity?
h4 Time flies/h4
Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App
Continue Reading on Coin Telegraph
Written By: Cointelegraph
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.