China is the leader of the blockchain?

[Genkotsu]

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?

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

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[adzino]

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.

[Galantin]

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?

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.

[markalis]

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

[UniversityCoin]

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?

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.

[tanjiran]

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.

[trudovik]

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.

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.

[boolog]

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?

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.

[Anatoly339102]

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

[fuer44]

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.

[hovrah]

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.

[izanagi narukami]

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 !

[South Park]

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.

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.

[xiaoY]

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.

[cryptomax217]

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

[Autumn.MediaGrp]

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

[shadowdio]

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.

[LukkasG]

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

[trudovik]

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

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.

[ivannalog814]

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 !