There's another China based block chain called ACChain that looks like it's going to try and control the world of cryptocurrencies according to Adapt 20/30. This is an interesting video posted by him, Adapt 20/30, that attempts to explain how it's designed to work.
It sounds like the Chinese have a quantum link up and running and are going to have the fastest and most secure network known of at this point in time. The biggest issue with this great new network of ingenuity is that it's NOT a decentralized project. The speculation around the world now is that the wealth is heading from west to east, this may be the how the Chinese are planning to make sure that happens.
I'm relatively new to all of this, so please, tell me what you think is really going on here.