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The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?

That's a lot of money. Can you give me a link for that news?
Well, China is very dominant in this industry actually in any sectors of business they will get into it as long as their economy will grow and that's the good thing about them. They will fund anything that they knew that they will get something from it even with small profit.

With their ban and unban of crypto , I see them not knowing which way to go and they are very large population which is very unique when we talk about getting involve in any business activities so if they are leading I will not be surprise but the way their government is going about banning crypto or not is just a very confusing step and if they pull out the market will surely survive without them.

You should attach a link when ever you want to share news in this forum since all information will be subject to verification as long as it not your own personal contribution. Back to the topic China has been the hubs of blockchain technology and it usage in time past China have open up it economy to the development of different projects on the blockchain network.

Chinese has been one of the big market leaders for crypto's.

They hold around 77% of hash network for mining bitcoin so this isn't a surprising fact(if it is) if they are also into blockchain technology. I would like to see also the link for this.

i believe the project of chinese companies will increasing on price if the team from the project serious on development my friend
because in my opinion, the key is in developments and support from the community  ;)

China will definitely be a leader in this field, as in others. I assume that in the next 5-10 years, China will become the leader in almost all areas.

In China a lot of fuss. They then prohibit cryptocurrency, then allow. The again prohibit. Even though they invested such a sum in the blockchain, I think it's for their own benefit

in my opinion, China has long been one of the crypto leaders. because each country makes a statement about cryptocurrency, the market will certainly be volatile. like last year they banned ICO and closed several large Exchange. at that time the market sentiment towards the problem had a significant impact on the market.

Even though China has a lot of money to put inside crypto it is still not enough for them to control and take it since the blockchain technology is worldwide.

maybe yes, but not all projects from China have good quality. so it's not a benchmark for assessing a project.

I see China has a big influence on crypto, all of its policies will definitely have an impact on the market.

I don't know from where you have brought this news, but investing this amount of billions will not give power to China,but to the companies and the community.

We cant really deny that a certain country which do have big allocation on such development would really get the position to the top but it doesn't mean that it would already be considered
to be the leader. Each country do have significant reasons on such adoption and rates wont really matter on how big or small it is.The important thing is that they do consider it out.

       This can be true because China is one of most progressive country as of now and most of the company are new so there is the opportunity to use blockchain technology  since by using blochain , it saves money because it process faster and have a ledger that leads to be easy to monitor every transaction made .

China is now very interested in the blockchain, as far as I understand that today China has invested a lot of money on the development of blockchain in China. I think it will give great opportunities for the Chinese.

Nope. By far most crypto countries are EU and USA. Japan and China comes after them.

china is already a leader in blockchain industry as the china have major dominance on top cryptocurrency like bitcoin, ethereum, EOS etc and the rise of the chinese ICOs in the markets like wanchain, ontology, NEO, Vechain and so on. China holds major dominance on Bitcoin and ethereum mining with companies like BITMAIN & 13 out of 21 block producers of EOS blockchain are from china only.

For that to happen the government of China would have to change. They have great scientists and a lot of smart people who would help them adopt and develop this technology but they have their hands tied because the government is abusive. It makes everything slower and harder when you need to ask for permission at every step. I don't get why people in China don't stand against the government and allow themselves to be pushed around.

yes if they can produce a good product, then no if they cant, investing a large sum doesn't always yield a good result, but there's barely a good coin by product and not by hype, its really hard to say but my answer will be no.

I don't know in detail about this news (China leads on the blockchain), but $ 6 billion I think is a very large amount of investment. If you have this news source, please share it here so that we can all see and read the background. Thank you in advance.

China is definitely trying to beat America in that direction. but right now America is leading. I think in a few years the situation will change

It seems that China is trying to take over the crypto market. You can see the world's leading exchanges are now China, and the strong coin on the market also comes from their country.

Both can be considered as the bitcoin houses but it's not the leader of the blockchain start up. SG still holders the first place as the country which has a lot of blockchain companies are still actively developing the platform based on the decentralized blockchain.

China generally walks ahead of the entire planet (and they have something to learn from any country)
They hold one of the leading positions in the field of cryptocurrency, and even most likely set the direction for the entire cryptocurrency market.

Wow, investing $6 billion is really a lot of money.
It is really impressive that china puts so much money into the blockchain.
They also want to be number one in the field, as in many other areas.

I am sure that China will be the leader in this area because some things they can do much better than others

leader? because of their population?

With a lot of funding, you can expect something great will be developed. Whether or not China will become the leading country for blockchain, that remains to be seen. It will still depends on what they can come up with. 

The total investment in Blockchain does not help China as one of its leaders. Blockchain has been one of the prominent industries in recent years. Maybe China is a leader in Blockchain technology, but this does not help stabilise their projects and attract investors.

that's why a lot of coins are manipulated by their prices, and the market seems to follow what they want. at the moment the market is in the stage of correction, whether or not it will come back down later or not we will see it

I also saw information about this somewhere on the Internet, but unfortunately I cannot find it now, I think that if the situation in general will interest you, then you will be able to find this information with great success on the Internet.

China has been very bullish on blochchain for a long time.  They just don't like to see capital flight from within China.  Its a big reason why I invested a bit into NEO to hedge my bet against Codius (Ripple's smart contracts solution) dominating the market.  I'm also really excited to see American express (partnered with Lian Lian) as the only american credit card company allowed into China.  Guess who's an AMEX partner??? You guessed it, Ripple.  They will be using XRP to settle cross-border transactions throughout China by sometime late 2019, mark my words! 

as a matter of fact, China is going quite good with crypto as i can assume latest news seem positive. and i am sure that in case China is determined it will become a leader, why not?

Blockchain technology can be used not only for cryptocurrency. This technology has great prospects and in many countries work is underway to introduce this technology in various areas of life.

I agree you should not generalize cryptocurrency and blockchain technology. If the Chinese authorities have invested such a large amount, this does not mean that there will be a growth in capitalization or an increase in the price of cryptocurrency.This technology is really striking in its uniqueness.It will be implemented in all spheres of life.I think that the projects of Chinese companies will not grow in price but will remain at the same level.Because it is more likely that the Chinese authorities have invested such a sum in the development of closed blockchains.And this fact can not affect the growth of prices.

China has been a leader in the market of cryptocurrencies for quite some time, so it is not really surprising that they are really interested in the blockchain, however it is likely that they are interested in the blockchain for their own selfish reasons so I will not be very excited about that much money being used in the development of the blockchain because they are surely trying to find a way to create their own cryptocurrency that will be completely controlled by them.

I think China is playing it very safe. They brought the market down and now i think they'll jump in and would make some big profits. I think this dip was all very well manipulated.

This is part of what should be embraced by so many countries. If China eventually leads i won't be surprise to me, because it's more like paying the sacrifice now and will later yield.

Links please?

They have been one of the most countries who had been always on the news when it comes to cryptocurrency.

Their government decision making seems to be cloudy and they cannot decide which way will be best for them.

Let us see the legitimacy of the news then maybe we could dissect the reality of it. Check out the browser history so you could still find it.

There are a lot of good crypto projects coming from China, NEO is the first one but also take a look at QTUM which combines bitcoin with Ethereum, and they have even blasted a node into space!

Interesting news, I had not heard before, despite its ban on cryptos, I imagine they see great potential in the blockchain, as is happening with other major companies such as IBM, Microsoft or Google, who are also investing millions in the development of technologies based on the blockchain.

Until now, China is still the biggest country interested in blockchain technology and especially cryptocurrency. I think China has the greatest effect to crypto world and it'll be the leader in developing blockchain technology in the future for sure. Although I don't like China but I still have to admit that China is a great country.

China and so is the leader in the blockchain, if you look at the pool of miners there are leaders all from China, and the exchanges, too, can be judged

can you put the link so we can read it. if they invested it should be for their own benefits. china have an impact in crypto and if they invest maybe they will regulate it.

There's no real evidence that China invested that lot of money but we know China is known for investments so there would be a possibility that China is one of the countries with most investors that are investing in cryptos

China Government investing their money for blockchain development to applied in their system. China already dominating world economy and i think in near future China will dominating in blockchain technology

It will be great if they aim to be the leader of the blockchain. This will definitely make an increase on demand and it could result some price changes. I see no issue with China leading the blockchain as they are the real businessman. They prefer to hodl unlike any other investor. Crypto needs a huge change, maybe people from China can do that. The current situation is not really good so I prefer changes.

China is a vast market share. With very large crypto users, it has been proven that China's public interest in crypto is very large. Most of the Bitcoin mines are also controlled by China. So in my opinion if there is a decision or regulation that happens in China then it will have a big impact on the crypto situation globally.

Well I think they want to profit from the space... but it seems they don't want their people to use crypto and they've done many things to block access to it and want to have very tight control on their people and economy.

I don't think if an entity or a county buys too much of the cryptocurrency they will become a somewhat you called leader in the cryptocurrency. They might just control the price but they don't literally have the full power over it.

I don't believe that China is the leader of the blockchain which the subject being spreading more than 6 billions invested in the developement og blockchain. Because first and foremost no valid links support in the articles are shared or post on the subject which we can say this is true. Better do have an official links as much as possible.

I think yes indeed China can be a crypto leader. they are the most developed country at the moment.

The population of China is an asset. The volume of transactions from China alone surpasses many countries put together so it is very easy to conclude that yes the Chinese will lead this space. And they are crypto minded people too.

They are already dominant in the crypto space as ASIC miners like Antminer are produced in China. Not sure how many mining companies are owned by our Chinese brethren but they have a good eye for being early adopters.

If that were true then they know he best time to take over the cryptocurrency world.
In a condition as today, with that amount of investation, it should  be able to take as many chance as possible to take over the world of cyptocurrency.

China has always been a country that will perform well included in the issues of the economy and in this case, it is the crypto. and in fact, there is still a possibility that more investors from China that will be entered in the crypto see the potential there is. at least this will be lifting the crypto and China will be a leader in this regard.

Pretty much, most miners and top exchanges originate from China, but due to recent regulation problems they are mostly registered in Malta/Singapore.

I am into some projects where they are only alive because of Chinese community.

They see blockchain as future not the crypto because technology always grow up and this is the main part to get powerful tools in financial world. Most countries or us see the crypto but not the technology, wrong step brother. If China do that in short time many countries will follow their step, don't worry about it just follow the trends.

Indeed, there are many investors from China and this has become a trade war with the US. And if indeed this news is true then China has given its permission for the development of the blockchain better and continues to increase. This will have a positive impact on the development of the blockchain.

China can have a big impact on the development of the crypto-coin market. So that China also has a very large part to lead the Blockchain. Many large investors come from China, so they will also have a very positive impact on the growth of crypto coins.

Yes, apparently, China will indeed be a leader in the use of blockchain technology. I have long read that in China, more than all countries issue patents for the introduction of this technology. Therefore, it is not surprising that about six billion dollars have already been invested in this technology. China has long been famous for the fact that new technologies are constantly being introduced there, including by copying and stealing them in other states. It is because of the use of new technologies that China has now risen to the level of superpowers.

china is already one of the leaders in the blockchain world. most of the hashrates come from china and news from china has the biggest impact on the market. i think china wants to secure its place in the crypto world with this big investment.

China is already a leader in many areas. And yes, I thought that China will become the most powerful leader of blockchain technologies in near 5-10 years. Many of their projects are very interesting for long term.

Increasing the value can happen yeah China be able to compete with other countries about the economy,how do I know that the news is true dude Is there a site that displays the news? Had read some articles about China and the development of the blockchain there was very big.

I think that the United States is the leader of the blockchain. The United States' technology is the world's number one. You can conclude from the aircraft carrier that 50 aircraft carriers can be produced in one year at the peak of the United States, and China can only produce two aircraft carriers.

Quite rightly today, it can be said that many areas of activity of different government sectors can also very seriously integrate the blockchain into their new opportunities for increasing transparency.

maybe they are because of their population. i mean, THEY ARE the biggest country in the world but is blockchain really used there?

I believe in your statement about China, China is not only number one in the field of crypto currency, but China may also be number one in the field of economy and business, as evidenced in China's recent domination of crypto currency, ICO which has a base in China continues to develop the good, even the exchange has been dominated by China, China is almost number one in all fields

China is not friendly with cryptocurrency but they focus on developing blockchain. They have great financial potential and great people, it would not be surprising if they took the lead.

Most likely China can immediately shift the US especially in the digital economy, maybe even the digital market of China can exceed the enormity of the US market quickly. No wonder if the Chinese authorities invest their large funds in the development of the blockchain this year as a means to improve its operations at the global level. In the future, maybe China will become one of the largest digital economic countries, before finally it becomes the largest economy and becomes a financial business giant in the world.

Yes! I agreed with you, because most of the project that is being carry out in crypto business, most of the investors that that invest huge in most of the project are from China.

They are always the one that will always take advantage of the technology so it could be true. You'd have to wonder what sort of blockchain project are they doing with $6billion budget. They are busy publishing their own ranking of crypto so they must be up to something.

Of course, China will be one of the leaders in the blockchain. This is a huge country with great scientific potential.
Will projects grow in value? And have you heard about the project AntShares? But the NEO blockchain for sure you know. This is the AntShares project, which has grown hundreds of times in price. This is just one of the illustrative examples.

Even though news from china brings most of the FUDS in the market, it doesnt make them the leader of the blockchain, and it doesnt mean and increase in the price of their projects. Blockchain is global and has no leader and it stands now.

I strongly believe that crypto will essentially defy any boundaries. In this dilemma and caution, whoever is bolder, will set the trail for others to follow.

I think they outlaw a lot of cryptocurrency because they want to support one of their own blockchain projects. Take a look at Google and Facebook in China, which can not compete with domestic companies like Baidu

China has and probably always be the king of cryptocurrencies.

They are tech savvy and confident when it comes to cryptos. They also almost totally obliterate the mining game - cheap electricity and electronics means the Chinese can really max out their profit when doing mining.

But the government is the obstacle that stands in their way a bit.

China is exactly one of the leaders, there're many interesting projects with Chinese teams. I think they're going to develop this industry, so we should look at their projects in the future!

Do not think so that China is the leader of crypto. Maybe they are investing a lot in crypto -related projects and in the blockchain technology but others also do. $6 billion is a big amount and I could not find this where this information is from. If you can please share with us.

I think that in the near future, as soon as mass integration begins on a real level, when many media outlets talk about integration, only then a serious opportunity for HYIP will begin.

Obviously, China is giving more priority to cryptocurrency but the government has made some strict regulation to avoid scammers, However they are going to dominate the majority of Investors in future too I guess most probably in two or three years this will happen. They are the favorites when it comes to crypto as they are most populated country in world as well.

For now I'm not sure if China is the leader in applying blockchain technology or not but as I can see they're applying blockchain technology in so many thing in their country. Maybe in the future China will be the leader in applying blockchain technology but at the moment I'm not sure about that.

China is still very influential in the market but its influence is not as big as it was a few years ago and to me that seems like a good development, cryptocurrencies cannot depend on a single country for its development, now there are countries like Japan that are ahead of China when it comes to adoption and there are also many companies from different countries creating new miners to challenge the Chinese supremacy in that field.

China is the undisputed leader. The whole of Asia pays a lot of attention and money investment in bockchain. China produces the largest number of extractive products. They first realized that life goes into the Internet and Internet technology.

China is killing blockchain, they ban cryptocurrency and make fud to dump crypto market, China is main reason of the bear market now. Singapore, Korea, Japan, Hong Kong are more better and friendly with cryptocurrency, America is the leader of blockchain.

I think that China cannot dominate Crypto even though they have invested heavily in the capital. But indeed China has a very special concern for Crypto. China can affect many people by making news that Bitcoin will not function. So many people who heard that could sell Bitcoin so the market crashed.

China only mining leader, blockhain ideas comes from the west.
Its remember times when China was global factory.

This is big money.  So I am sure if China invests such funds, then this is clearly not to stand aside!

India also invests in the development of blockchain technology and uses it wherever appropriate. At the expense of China I have not heard that they actively implement the technology !

This is not necessarily the case. The blockchain is a technology of the world and does not specifically address the technology of a certain country. There are also blockchain projects in the US and Europe. But I think China will be the center of the 21st century world. All economies will rely on China, and China will be more peaceful and equal. Although I am an American, I think the United States is indeed very selfish.

China will not want to be lagging behind with a new invention and blockchain will never be an exception. Though China has been in the forefront of opposition to cryptocurrency, they know the essence and beauty of blockchain technology hence they are ready to spend so much to develop it according to their own needs. Blockchain will help the country and its corporate bodies save money because of its anti-fraud nature.

China is watching closely on all blockchain developments and giving ranking for most of the blockchain projects The involvement of China definitely giving sign that blockchain in chain will have significant role

Today there is not so much data when it really turns out to see very good data about the use of blockchain and if we talk about China, then this country has serious pressure on the market.

China is a pretty strange country. They have banned a lot of ICOs, but they are one of the leaders in the blockchain development technology. They are investing a lot of money into this industry and hope they will release their own crypto pretty soon.

As long as Chinese Government restrict full decentralization capacity of blockchain and cryptocurrency, the Chinese based cryptocurrency may not see any significant  progress or increase in their value! The investment in blockchain by China is however laudable!

Well in my opinion there is a big country such as US which i think is more into blockchain than china did. There is a lot of big company that into blockchain in US for example IBM and oracle, and there is also SAP from germany, and as far that i knew neo and tron is the best blockchain from china but china doest support cryptocurrency which i think this company will be really hard to grow.

In order for projects of Chinese companies to increase in price, it is necessary that there is a corresponding demand for this product. While there is no demand in the market.

I don't think that China is the leader of the Blockchain, because it never been broadcast in any news in crypto world industry.
I don't see it nor even read it in cointelegraph dude.  We all know that there are lot of country now are adapting the concepts of bitcoins
so that's not possible for now. But I believed that China is one the largest percentage average in terms of bitcoin mining farm.

Chinese are always wanted to be on the front line and dont wanted to be left behind in terms of technology. Blockchain is the hottest and most flexible invention of today's generation so China is using this opportunity to become a leader of blockchain or advance user. We all know that blockchain holds a future which can handle millions of transactions per minute and Chinese already see the potential of blockchain.

I dont think china and india both are crypto friendly!
There are some news that those countries are banning cryptocurrencies for different reasons , but I don't think they can stop it at the end because crypto is bigger than them .

how about russia, russia another country that active development in blockchain technology like Chinese, i think the both want to be the leaser in blockchain industry, and after the both we can see korea are active too

Blockchain is just a technology. How come there be a leader of a technology? Moreover blockchain does not mean crypto currencies. Crypto currencies uses this technology to function itself. The Chinese investing on blockchain technology (probably for research purpose) does not mean that the price of the current coins will start to increase.

China is a wise hardworking country. The fact that they invest in this industry means that the entire cryptocurrency world will develop. By law, in China you can create many projects aimed at the domestic market of the country. This means that they can become leaders. After all, their economy is strong.

I agree that China is the technology mecca of the world and they adopt the most blockchain as the one of the biggest cryptocurrency market in the world

China is so one of the leaders of the modern computer world. From China depend on the supply of equipment for mining, as well as other computer equipment. However, they are not the best programmers.

From what I know, China is very open to technological developments, including the blockchain. So it's natural that they want to spend a large number of funds for development. Blockchain can be applied in various aspects to increase utility, this positive side is trying to be applied.

I think so too, but I don’t consider China to be a strange country, because they are investing and developing the blockchain technology, so I don’t see any problems here. Here everything is as it should be.

China has realized that crypto could be the future. Otherwise china would certainly not invest so much money, in my opinion. In any case, it is good news, even if the prices continue to fall.

I think China is one of the leaders in blockchain technology. Remember last year when the Chinese government banned ICO, how much the price of coins fell. The price of bitcoin and altcoins depends very much on China and its actions of its government

This news is very surprising considering China once closed the crypto exchanger some time ago. but if this project is correct, crypto will actually rise in the next year because China is the center of the world economy and if chino supports blockchain, then it means that crypto development is also strongly supported by other countries.

The fact is that the Chinese miners control almost 70% of the hash rate of the Bitcoin chain block. This has long been alarming users of cryptocurrency.

It's hard to tell but China play the main role of bitcoin value globally if their government legalize crypto
If there is no against with crypto, I'm sure China will be the leader not just blockchain but also well known platform because they are good in any kind of bussiness.

~My local place are selling good that made in China !

It is true that they do not want to be left behind but they also have a desire to have control over it and they are realizing that is impossible because any attack they tried could get in problems the network but eventually the developers will find a way around the attack and will make it useless if they tried again, that is why China changes their policies when it comes to crypto so often.

I oppose the view that China may be the most widely used country in the blockchain. This is the truth. The leader of the blockchain does not belong to a country. Please don't ignore the existence of the United States. Technicians exist in every country. India, the United States, Japan, and South Korea will all become the promoters of the blockchain.

maybe if the majority of china does blockchain there is a possibility of it?

they where, i suggest look deeply into Vechain Thekey and Matrix they are closely working with Chinas government body

Really? after they banning cryptocurrencies, they invested a billion of dollars for development of the blockchain? is these kind of fake news or something? can you share the link if it is true.

China is the leader of almost everything :).
And it is not surprising that they are the leader of the blockchain as well.

Yes, you are absolutely right, I can confidently say only that today you need to very strongly understand that the situation with what and how China relates in general to what is happening in the market is probably the most important. I am sure many people understand this.

What they invested does not say that they are leaders, such technology needs time to show who is the leader, but I have always admired China and so they quickly learn new technologies while others are just watching !

Today, China occupies the first position in technology, the global economy, so it is not surprising that he wants to become one of the first in the blockchain, because there he invests huge funds and efforts for this.

Well, China is clearly the leader even if you look at the pool of bitcoin mining then there is one China, and in terms of trade and exchanges, China is also the leader.

It's great that China invests in cryptocurrency. This will certainly help the current economy. In general, I am sure that China can become a leader in cryptocurrency.

this is more like a strategy. the banning and unbanning game

If China really begins to engage in blockchain technology, we can definitely expect that in a relatively short period of time they will become monopolists in the world of crypto-currencies. China now occupies one of the leading places, but if it really starts to deal with cryptocurrencies, they will become like Bitcoin in the world of cryptocurrencies.

It depends on what you mean, when it comes to implementing blockchain technology for normal life, I think it's not going too well, but when it comes to minning power supporting the blockchain network for Bitcoin, it's definitely the first place in the world!

Yes, China is very powerful and strong country. They invest a lot in crypto economy and blockchain technologies at all. So China has a lot of chances to become the leader in blockchain.

i think nobody can control like you mean leader, but if you say china investing 6 billion dollar, i agree with that.
as we know asia is the most biggest investing in crypto, they hold about 60% from marketcap.

No I guess, not really. China will just accumulate too much of the market cap of the cryptocurrency in the blockchain, and if they didn't invest, or just improve the blockchain, still, they can't be considererd the leader of blockchain since they have no total control of its protocol.

China is the leader of cryptocurrency, they have Bitman, the biggest mining company in the world, they also has NEO, one of the biggest cryptocurrency, many cryptocurrency projects and exchanges are run by Chinese, like Binance, Kucoin, Bit-z, etc., although their head offices are in other countries, they're run by Chinese.

Hello where is you're source? I hope this kind of speculation should be backed up by a fact that everyone can see. If China will invest in blockchain then it's good actually. Knowing them they will enter it as it one of the profitable industry and they are really business minded since they decided it when the bearish has really happening. It's a perfect time to accumulate coins and tokens. If the Chinese will invest surely the prices of tokens and coins will recover.

Yes i agree with you. China is a strong country and they are the leader of blockchain technology, they've built many blockchain cities to support blockchain and cryptocurrency companies.

There is absolutely no doubt that today it would probably be best to begin the process of understanding that China is really the place where people find it difficult to invest, because there is always something very strange with prohibitions.

In any case, there was information that the largest number of patents for the introduction of blockchain technology was issued in China. It already says a lot. Most likely that the way it is. However, the results of the introduction of blockchain technology may occur much later. However, already on this fact and the fact that more than six billion dollars have been invested in the blockchain technology in China, one can judge that China is indeed the leader in implementing this technology.

The information technology industry in China is currently undergoing strong development in the jurisdiction. I think blockchain is not out of this portfolio, no matter what people think they are forbidding crypto and exchange, but it's not that they will not develop it.

that's right china, in china people learn fast and quickly about new technology of course Blockchain too, that's why op think china the eader of the blockchain industry, but like china Russia and Korea investing much money in blockchain industry

There are so many other countries that are now trying to to integrate blockchain into their system. So we cannot yet conclude, if we should give that to China, because  they are all working on it and some are planning to do the same.
Well, China has been a prominent country when it comes to blockchain technology.

In my opinion, China is making the right steps, because the blockchain is the future. But Chinese projects have nothing to do with the government and even though the Chinese like to support the products of their compatriots, I still do not see an advantage over competitors. If we compare the Ethereum platform and the Chinese analogue of NEO, the Chinese platform has not received proper application and recognition among ICO projects. This is largely due to bans within the country.

My thoughts on China are that they have such a big goal of becoming giants in the world in any field, such as electronics etc. even the China blockchain wants to be its king.

Why do you say that? I don't know China but I know it is a fast growing country. I don't believe that China will become a leader. The US is still very strong. Japan's technology is also very strong, so I don't think it will become a reality.

China is the largest country in terms of the number of people who live in it, so it is not surprising that they are investing so much money in developing solutions related to the blockchain. For them, it is vital. If they do not do this, then their competitors will bypass them.

China will surely be one of the leading blockchain countries. Anyone who dares to make such a big investment will know what they are doing. This again confirms my feeling that crypto is the future.

China is a leader in many industries, they have been able to learn a lot from them, here you can look up to them. And about whether Chinese projects will rise in price or not, it will depend on their authorities, as they will allow it to be.

Yep, China haven't accepted the cryptocurrency but they are leading in developing blockchain technology and I have just read a news that in the next time, maybe Chinese will have a private coin for their country and be controled by goverment

The Chinese are great, they are trying to take leadership positions everywhere, and they are not afraid to start small!

China is a highly developed country, they have started to give direction to the economy and have become a part of the world. But for crypto coins it's a little hard to say. Our expectation was very high but the projects in China did not succeed :)

As far as I know, China has the largest number of blockchain experts, and there is a much more developed understanding of what cryptocurrency is among ordinary people, I think that is why China is considered the first in the field of cryptocurrency.

China is a great county that invests billions of dollars into the blockchain technology, but on the other hand they are banning almost every ICO that happened during the last several years. But I believe that China would be one of the leaders in this industry.

Yes, I fully agree with this statement. Today, there is nothing surprising in the fact that China has become a confident leader in the blockchain project market. It really has a huge impact on the overall development of the cryptocurrency market. Today, many investors come from China, have a positive impact on the development of the crypto market.

There is no leader till now.It is global and at initial stage. So time will decide leader later.

blockchain is penetrating in China in large scale blockchain adoption is happening in China many projects are upcoming up in China and even China government is listing blockchain ranking

That's right because that's where the blockchain was first created and used, so it's true that China is the current blockchain leader because there people have big ambitions

In China, the largest number of patents for the implementation of blockchain technology in practical projects. Therefore, we can consider this country a leader in the application of this technology. I am not surprised by this, because China has always paid great attention to the introduction of advanced technologies, including by copying them in other countries. Therefore, this fact is quite natural.

At the same time, one should not forget about the power of China in the military sector, cyber-defense and in the economic sector too.

Well, I can fairly say that no, I don't think china can be the best country to support cryptocurrency and block, since we need the hash power of the entire world to make the cryptourrency a secure platform.

This is no secret to anyone that China in cryptocurrency is the most massive investor and leader in new products. Another thing is that their policy is a little directed not at free distribution, but everything is under control or prohibition, which in principle also has a positive effect.

I guess China is grade now in manufacturing but in terms of technological advancement, well, Japan I can say will have much potential than china but the volume of possible investors from china can be huge.

Blockchains are shared and there are no leaders. When the phenomenon-level application is born, the cryptocurrency market will take off together. The blockchain is the real Internet, which can promote the progress of human civilization informationization.

If China decides to invest in block chain, they already understand it is for their benefit, although it will also impact the block chain ecosystem. Notwithstanding, there are also some other countries who are already doing that and this does not in any way make them leaders.
So everyone is operating at a normal level, without placing one over the other.

It must be admitted that today China has become a confident leader in completely different fields of activity. Including leading in terms of industry and the introduction of relevant technologies. Therefore, it is quite logical that China maintains a leading position in the blockchain project market.

I personally admire the way that Chinese people invest, not only in crypto, but in many other Asoek, China is recognized as an investor. and many assume that you are and admit that China can be called a leader

We can only say that china county has been dominant in terms of fund raising on investing in blockchain. But we have to consider that many countries also are doing that. I can say that there is no leader for the country for blockchain. Because we all are using its services.

if the news you submit is true, it is truly extraordinary, that China is one of the countries that dares to take that action. but I think this will be very profitable for their own country, the rest is little for the crypto market.and maybe logically they lead the blockchain.

In the beginning, China's government used to crack down the exchanges and many people left the country and start trading altcoin. Now we are seeing many blockchain based companies are developing are based on China only. China country is raising more fund for their ICO's.

Yes, this is definitely the case, because it is precisely this development of events that will still have to show us the way. It seems to me that China can greatly raise the interest of people who will only develop in the future. Yes, China is the first today.

China is the strong country, this country want to become the leader of the world, they will spend any money for any sectors that make their country bigger, especially with blockchain, they want to become the leader of this sector to overtake US.

I think Chinese projects are going to skyrocket for sure. I was just reading about a pretty significant partnership between MOAC and China Mobile for water purifier devices inside of homes

China is a very developed country and has a very large industry. I'm not surprised if the Chinese state invests up to $ 6 billion, this is very large nominal and this is a sign that they are not hesitant and confident in the opportunities needed by Cryptocurrency. We cannot claim that China will be the leader of the Blockhain world, but the chances are great and whatever happens in the future we don't know for sure. The problem of China's project prices will definitely rise.

China has a big influence on the development of Crypto. The shares they planted in Crypto are very large and they are one of the countries that developed Crypto. Crypto technology for them must continue to be developed because it has great potential to change the economy for the better.

this will be a huge achievement for the people to be a huge part in this development of cryptocurrency field so I think the interest of investment in cryptocurrency also very high in China so I think it may be a good start for the other countries to follow.

In principle, the blockchain technology conditions each server that runs this software to automatically form network consensus to replicate each transaction data and verify each existing data.
This standardization effort was carried out by the China Electronics Standardization Institute under the supervision of the Ministry, currently the agency is also trying to form a special committee for standardization.
China's Ministry of Industry and IT indicates that international standard organizations will focus on the topic of the DLT, encouraging China to become the leader of blockchain technology in the future.

I believe so, because as you already mentioned, China is one of the leading countries in the blockchain technology development, because they are investing billions of dollars into this technology. I would not wonder if they would release their own crypto currency.

EOS is doing well. really pumped these last few weeks. NEO has fallen so it's a good time to buy back in, I'd say that China is strategically putting it's pieces into play so they are not left behind when crypto takes over the global economy

Actually this news is kind of expected in China. China is a big country and it is one of the richest in the world. With the technology advancement they are having, they would put themselves on what is the technology that is trending worldwide. And they will match it. Look at what they did to NEO. They matched Ethereum and they have now NEO, the Ethereum of China.

We know that China is the ruler of the world economy today, so the Chinese government is well aware that Cryptocurrency will definitely be an important part of the world of finance, so investments made by the Chinese government will greatly influence the future of cryptocurrency, and I believe someday China will take over the world of cryptocurrency.

South Korea also plays a greater role in the development of crypto industry. A lot of worthy project from there.

Yes, China is today a reckless leader in the market of blockchain and crypto-currencies,they only have today how many capacities are located on the mining of bitcoin,and other tokens,so I think in the near future the situation will not change,only after the adoption of crypto-currencies and blockchain at the legal level,perhaps another country will become the leader

Sure, there are a lot of blockchain developers from China. I really like Chinese people because they are very smart and they are able to create a great things!

hopefully in other countries it will also be legalized about bitcoin so that there will be many who know and know bitcoin so that legalized bitcoin will have many benefits provided for its future.

China now really attaches great importance to blockchain technology, and it is normal to increase investment. But it is still too early to be a blockchain leader. China's blockchain technology is not very good now. Need to develop.

It sound true. Seems China/Hong Kong is actually a lot more flexible in regulation questions for blockchain things.  And Chinese devs demonstrate high professionalism

The recent transformation of China into one of the leading countries in terms of development is evidence of how innovative they are. This is normal when we consider that Blockchain is also an innovative technology.

While you are riding a porsche, China creates skyscrapers of rice. So be prepared that they will soon occupy the entire market. And we will be working on their projects. I am sincerely taking away the government of this country, they have created a whole empire today and continue to evolve.

Either this news is real or not I just kinda like Asian part because of there better cryptocurrency adoption rate ,imagine even not so popular Asian coins and tokens since 2018 keeps there value and not affected by the present bearish market price ,for example metacoin ,even listed on only one exchange and still be able to keep value ,I think Asian part of the world are the real crypto adopters ,they care more about its survival not quick gains

So what will be the benefit they can make from it by implementating it everywhere? I don't think they want decentralized payment system for their people so it is really hard to say what is their aim for doing it.

I tend not to even believe the OP for the simple fact that he didn't share a link to the news he shared. It could be bogus for all we know. We all remember how the Chinese government dumped, banned, and forced every exchange in China to close shop in 2017. It was a remarkable event for me then as a new entrant to the crypto industry. And now someone is hyping of how China is going to be a crypto leader in the world? I don't believe it.

but I'm still confused too, why they banned the crypto market, while the crypto market is always related to the blockchain. Is this something normal if China will be number one for the blockchain implementation?

Chinese area are always like a black horse. We don't know what expect, but need to say that this region very strong in crypto (including blockchain develop's).

It seems to me that the information that as far back as 2018 almost 70% of all Bitcoin transactions were conducted using Chinese mail.ru, was repeatedly announced. And this, in turn, suggests that control is still in this Lebanon. Nevertheless, I could always say that the new projects in the field of the cryptocurrency market, which were being conducted by the Chinese, did not have a problem. Projects have always been honest and with responsible teams.

Many countries around the world are working on developing blockchain technology. Currently China is the largest country supporting the blockchain technology. Also Russia is helping in a very serious way to Blockchain. And I think Russia will be the leader of the Blockchain in the future.

I do not think so. I think that Russia will prohibit the use of cryptocurrency on the territory of the state. Russia will create its own cryptocurrency and only it can be used in this country

The Chinese are definitely at the forefront of Blockchain development at the moment, infact most of the most notable projects so far has come from that region of the world but I think it is too early to decide who is leading in the development of Blockchain Technology.

Yes, agreed. With Russia gov's idea to make inner Web as in China they will get local crypto for local use. Now the world is not one country only. Such technology must develop worldwide otherwise it will be a hobby or experiment.
China is strong in blockchain but we need all forces united for good progress.

yes, because most of the crypto money turnover comes from China ... China also creates a lot of good altcoins like Tron and Neo ... in the next few years I think China will still dominate

China is indeed a country that has large users in the cryptoqurency world, one of them as you say that many large companies have adopted blockchain technology. if they can develop this program well, it may also be that China can take the lead in this field.

The population also more higher in the China so definitely the possibility of more users in cricket field will available is more higher but we don't have a clear cut statistics about cryptocurrency field so the future will be the solution for everything to decide which will be the best ever country to make money from cryptocurrency.

In this I will rather do it by continent, because I doubt if China is really leading n blockchain, but I believe that Asia has more block chain adoptors than any other continent in the world.

The Chinese are increasingly pleasantly surprised by the world in the development of their technologies and projects. Therefore, it is quite logical that in the near future China will become a confident leader among promising and useful blockchain projects. This is a very wise and hardworking country in which many smart investors and developers live.

any source from what you said?
but i think that quite right, when you remember after china banning crypto all the market being dump
that mean china being the biggest blockchain country

Wow, $6 billion is a huge amount of money. China has always been following trend technologies and blockchain is not an exception, so they are definitely one of the leaders in this area.

China is the leading player in the blockchain development among the countries that is for sure. I have no doubts that China is going to be one of the first countries that will present its own crypto currency and maybe will replace USD as a backup currency by cryptos.

Well indeed, as i know on China are most % of miners, but there are some countries who use a lot blockchain and also there are a lot of miners on a other countries, but China is the main country and also miners for bitcoin are build there.

China is like a source of cryptocurrency.  Which diverges across the country.  I do not think that he will refuse mining.  And it is not strange that he leads in mining.  Because it all began with this country.

there are also many big projects in China, one of which is NEO and that is a very good project.

but if China bans blockchain then it is very bad because it will greatly affect crypto.
so I agree if China is the crypto leader.

China has recently shown interest in the mass adoption of cryptocurrency. I won't be surprised if they become the world's largest. Apart from cryptocurrency, China is always ready to grab business opportunities and that is a good thing for a country.

I am fully convinced that today China remains the true leader in blockchain technology. It is in China that new promising projects are being launched, many successful investors and traders live. Therefore, I very much hope that China will continue to have a huge positive impact on the development of the crypto market.

China is like a sleeping tiger, they are very enthusiastic in developing their country by doing many things including crypto.
and now China is one of the biggest crypto investors and there are also many successful projects from China, so it makes sense if many people regard China as the crypto leader.

Chinese, Koreans or more like the Asians have the highest population of crypto members. Even the father of bitcoin Satoshi is acclaimed to be from China. But what all these show is the reception of China and other Asian countries to advanced financial technologies

I am not sure in the source of this info and for me Chine is so controversial country. Once they want to ban crypto, then they are investing in the technology.
What is visible that Chinese people are investing in crypto all over the world.

China pays a lot of attention to new technologies. It was the introduction of new technologies that brought this country to the highly developed world states. Therefore, it is not surprising that China has the largest number of patents for inventions using blockchein technology. The blockchein technology now opens up great opportunities for significant improvements in virtually all areas of human activity across the globe.

Mainly Asian continent embraced crypocurrencies and block chain more than every other in my own view because its hard to see coins from Asian continent that got dumped like the rest

yes because the continent of Asia needs cryptocurrency because most developing countries are here. on the continent of Asia, the biggest in my opinion in China, because the country is mostly people who are economically advanced and technologically advanced and there are fast.

in china we could see any technology developted well there.from basic technology till advanced technology could improved there.they have much resources such as money, employe, infrastructure facilities and many others.and their investors give huge influence to cryptocurrency market.maybe it their government officially announced legalize bitcoin and crypto it will great news for us.

I think it'd be more precise if the title was: "China is one of the leaders of the blockchain?". Actually, China has so many crypto projects but regarding realistic blockchain projects, there're not so many. There's a fact that crypto start up can bring people quick money but it's not the case for doing a serious blockchain project with real value. Japan, Korea and Singapore maybe equal or even more appropriate to be in the leader position instead of China.

There is no doubt about China called a king of blockchain. The reason behind it, China have much more involvement in the big or small project. I hope China will legalised bitcoin  crypto in future due to main role play to improve the project day by day & called the hub of  blockchain technology.

$6billion is a lot of money. If they have invested that much it should be a confidence booster not only to other economic jurisdictions but to the block chain ecosystem

China's interest so far has been on implementing blockchain technology to improve efficiency and effectiveness on various levels of their society but it's sad that they have not shown interest in cryptocurrencies yet..

$6 billion is not a huge amount considering the fact investment quantity to the AI and blockchain by different economic countries. The key project is focused to improve the usefulness of AI in the different areas of economy and they have fmous faces from the board of China ggovenrmtet organization. They definitely support the blockchain and their growth rate will be more than the growth rate of combined third world countries.

China banned crypto at my last news so i think people will decide who is the most crypto users at all time that have been settled for all country.

What i have observed is that China is more inclined into using and implementing blockchain technology in their businesses for more transparency and efficiency while their govt seems to be strict against cryptocurrencies which is a bit strange, i think it is time China should embrace cryptos open handedly as well and allow crypto trading and payments globally.

China restring crypto currencies but they are adopting blockchain technology it’s correct . But they are even restricting crypto currency mining I think it should give profit to country. More over China is knowing the potential of blockchain. They will back with proper crypto regulation .

There has been notably great blockchain projects from China lately, that's true. The issue is, blockchain mainstream  adoption will take more time in places like China because there are still questions surrounds the ledger technology. Korea is also doing great in this regard and some other countries of which I can't mention all.  We are the early adopters of blockchsin technology and its a good thing.

China is really well known for investing in technological stuff. If you search for top technologies in this period, surely blockchain is going to be always on the list. Sure, that is a lot of money that is invested by China but I think it will still be dependent on their performance. Because, any rich country can also invest that much into blockchain.

China has dominance in the movement of the market, they have also shown great projects and applications of the technology. While they are also the one creating more regulations on the usage of cryptocurrencies, they are also slowly adopting it. Right now I look at it positively, they are guiding the technology to the right path, there are many abuse in the usage of cryptocurrencies that results to many people losing money, creating a bad image for crypto. They are regulating ICOs because of scammers while improving the technology. Chinese companies has the capacity to become a leader in this domain.

I think China is ready to become the leader of the blockchain, because China is ready in terms of technology, economy, and social. And China is also leading the way for investors with this, China deserves to be the leader of the blockchain.

I don't think this will give China based project any edge in the industry because project getting worth goes beyond government investing funds into blockchain technology. If there's any government that's doing more than investing funds in the industry is Korea government and this is evident in projects that come from that part of the world.

I hope not. But if that's the case, what should we do? I think there is nothing that we can do but continue with our journey in Crypto and Blockchain Technology. If it is real, I will not be surprised because they really have that money because their companies are growing  rapidly since they manufacture almost everything.

Where can I read about this because I have not seen anyone talk about it or any news article that writes about it buy anyway, if it is true it is a good sign for the industry entirely and its influence will go beyond add value to project from China.

I do not think China would even want to claim that, because of their reservations on block chain and cryptocurrency most especially.
Yes, China has been an earlier contributor to cryptocurrency on a positive note, but there have been so many other countries that have also contributed immensely to foster success of crypto.

The fact is that for my practice I managed to convince myself of the prospects and profitability of almost all Chinese companies that have real success.  Based on this, it is not necessary to negatively relate to what is produced by heaven.  Nevertheless, even past years, about 70% of miners were located in China.

I think one of the factor is that miners are produced on China and from people from China is more easy to buy miners and run it, and i think a second factor is the price of electricity.

Is there a valid source for this kind of statement? we know that China has always been quiet about crypto and blockchain related topics. They even put ban for ICOs that promotes blockchain before but now ICOs are a different thing. China may be the leader of crypto's few years ago and there's still a large number of miners there but we don't actually know what's really happening in there.

yes, because not all countries have cheap electricity costs, if in my country the cost of electricity is very expensive so mining jobs only produce smaller amounts and also the internet in my country is also expensive.
Naturally, many Chinese residents become miners because they have adequate facilities.

China has the materials, the high tech and the glowing minds of IT so yes, obviously the blockchain leader is China even if they have some unfavorite regulations regarding cryptocurrency.

China is the source of cryptocurrency.  And it really is a market leader.  As for mining and trade.  I am sure that China has a great deal of cryptocurrency, and if it disappears, cryptocurrency will not be able without their support either.

To me, and based on statistics, China still remains the leader of blockchain. Everything about cryptocurrency comes from them. They have been a great contributor to the world of crypto without any iota of doubt.