"Without hurry, but without pause ... (Seneca)"
This would be the phrase that characterizes the most recent announcement of the Chinese government in relation to cryptocurrencies. The Asian giant has once again shown signs of a program of gradual adoption of the blockchain and cryptocurrencies, with a view to creating their own standards.
On the morning of May 11, 2018, an expert seminar on technology assessment for public block chains was held in Beijing. The seminar was attended by Peking University, Beijing University of Technology, Chinese Academy of Sciences, Microsoft China CTO and other experts in the block chains recognized invited to participate.
This time the Department of Industry and Information Technology of China (CCID), will be responsible for publishing a monthly report on the analysis of the main 28 cryptocurrencies, which according to China, are the most important not only in market value , but, in its real utility in the world economy, reason for which we will have to be pending and up to date with this new indicator. The official website of the China Electronic Information Industry Development Institute CCID will be the only designated launch pad for the evaluation index.
"The project will be able to evaluate the technological capacity, the utility of the application and the innovation >capacity of the project, as well as, the level of development of the approaches to understand deeply the trend of >blockchain technology. This independent analysis demonstrates the Chinese government's confidence in technology >and will serve as a guide for government authorities, companies and research institutes."
Professor Chen Zhong from Peking University told participants that:
"The current technology of the chains of blocks is still in evolution, there are many variables to analyze and put into >practice to solve problems of society, so that it can be a breakthrough, likewise there are equally real scenarios to be >explored in the market, legal, regulatory and other measures that could block the block chains and their possible >reversal in transactions that is also necessary to guarantee transparency and proceed with their application."
Among the central themes of this seminar were: privacy and security, data storage, industrial development, interoperability, risks and threats to block chains, etc. Among the elements to be evaluated by the CCID, there are 5 objectives that should be included in any project of a chain of blocks:
- Have your own main and independent chain.
- The node of the public blockchain can be created freely.
- Have an open block browser, which can check the information of the blocks.
- Have an open and auditable source code.
- Have a web page and your white paper to start the project, as well as a project development and support team that can be contacted.
According to the 5 criteria, the first evaluation objects in public block chains will be:
- Bitcoin
- Ethereum
- Ripoco
- Litecoin
- Bitcoin Cash
- Cardano
- Starcoin
- NEO
- Ioota
- Monroe Currency
- Dash
- New Currency
- Ethereum Classic
- Quantum Chain
- Elder brother
- Application Chain
- Big Zero Coin
- Verge
- Stratis
- Cloud Storage
- Stimco
- Bit Stock
- Bitcoin Gold
- Coin
- Decred
- Super Cash hcash
- Komodo
- ARK
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