CoinDCX, one of the largest digital asset exchanges in India, has introduced an online platform and subsidiary, called DCX Learn, which aims to serve as a comprehensive resource for people who want to learn more about cryptocurrency and blockchain tech.
As mentioned in a release shared with CI:
“This is part CoinDCX’s crypto adoption initiative, #TryCrypto, which aims to introduce 50 million Indian users to the cryptocurrency sector. Coming off the back of a dedication of $1.3 million to its #TryCrypto initiative, CoinDCX plans for DCX Learn to play a vital role in leading the nationwide movement towards borderless financial services and digital asset adoption.”
Sumit Gupta, CEO and co-founder at CoinDCX, said that crypto-assets could potentially promote greater financial inclusion in India, and introduce consumers and businesses to new forms of investing.
Gupta added that if Indians want to take “full advantage” of cryptocurrencies and related technologies, then they’ll have to learn the basics about how Bitcoin (BTC) and other digital asset platforms have been implemented and are being used.
“With DCX Learn, we want to arm users with the knowledge necessary to navigate crypto markets. … We [would like] … to give people the tools needed to unlock the benefits of digital assets, … and DCX Learn [could help us] achieve our goal of onboarding 50 million Indian crypto users.”
In a manner that’s similar to other blockchain projects like Lisk and BitShares, the DCX Learn platform will offer guides, articles, online courses, interactive lectures, and quizzes, in order to help people learn more crypto and distributed ledger technologies (DLT).
CoinDCX says explainers and guides on crypto-asset security will be “a major focus” on the platform.
CryptoKanoon, CoinCrunch, Inlox Network, Cashaa, and many other Indian crypto industry participants plan on contributing content to the platform.
Kashif Raza, co-founder at CryptoKanoon, remarked:
“There is a need to provide potential users with better access to knowledge and toolsets to make their trading experience safe and productive.”
It’s worth noting that with the exception of Bitcoin (BTC), Ethereum (ETH), and a few other digital currencies, nearly all projects are in their early stages of development (like Cardano) or haven’t been useful enough to achieve meaningful adoption. Large blockchain projects that have launched their mainnets like EOS continue to struggle due to legal and technical issues.
Meanwhile, cryptocurrency exchanges continue to list speculative projects and tokens without doing proper due diligence.
For instance, Binance had 11 dead projects listed and Bitfinex had 7 dead projects listed as of October 2019, according to an extensive report from CoinCodeCap.
There’s also no definitive, or go-to source, for learning about crypto. Many companies have introduced similar initiatives like Coinbase Learn, but the reader must always do their own research and cross-check information.