Beijing has launched the "Blockchain Atomic Bomb"! Global giants collectively falter: China's rules are here!
In simple terms, Beijing has just established the first complete "soft-hard integration" system for blockchain in China. What does this mean? Blockchain is like a "digital ledger" that can securely record transactions, and this system in Beijing binds software and hardware together, allowing it to operate faster, more stably, and more securely. Previously, there were many scattered blockchain projects in the country, but now there’s a complete "toolbox" led by the government, making it easier for enterprises and the government to use in the future.
Personal opinion:
As a senior analyst in the cryptocurrency circle, I must say this is definitely a heavyweight bombshell! By developing this system, Beijing is essentially "bottom-fishing" for core blockchain technology — think about it, we in the crypto circle have often been constrained by European and American projects, but now China has its own underlying system, which makes risks more controllable and efficiency could potentially double.
For example, when Shenzhen launched its digital yuan pilot in 2022, it used a simplified version of blockchain, resulting in extremely slow settlement speeds; however, this new system in Beijing is said to match the performance of international giant IBM's Hyperledger Fabric, but at a lower cost. This is like digging out an oasis in the desert, which could trigger a wave of domestic DeFi applications, such as smart contract platforms or NFT markets, allowing ordinary players to pay lower transaction gas fees.
I predict that in the next three years, this "Eastern Wind" will drive the localized upgrade of exchanges like Huobi and may even lead to a surge of many altcoins.
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