Top Chinese Cryptocurrency Projects: Conflux and NEO
Conflux CFX - Best Overall
Conflux CFX is a high-performance blockchain designed for scalability and cross-chain interoperability. It is the first public blockchain to integrate Proof-of-Work and Proof-of-Stake consensus mechanisms, which allows it to handle a high volume of transactions quickly and securely. Conflux has gained recognition for its ability to facilitate interoperability with other blockchains, such as Bitcoin and Ethereum. Its strategic partnerships with major corporations, including China Telecom and McDonald's, have also contributed to its credibility and adoption.
NEO NEO - Oldest China-based Cryptocurrency
NEO, formerly known as Antshares, is the oldest cryptocurrency project based in China. Launched in 2014, NEO is a blockchain platform that supports smart contracts, digital identity, and decentralized applications (dApps). It has gained popularity for its advanced smart contract platform, which provides developers with a wide range of tools and resources. NEO is also notable for its strong community support and its focus on compliance with regulatory frameworks.
Strong Crypto Activity in Mainland China
Despite the government's ongoing crackdown on cryptocurrency trading and mining, cryptocurrency activities remain strong in mainland China. According to research by the China Academy of Information and Communications Technology (CAICT), mainland China recorded over US$220 billion in total cryptocurrency transactions between June 2021 and June 2023. This indicates that there is still significant interest in cryptocurrency within China, and that the market continues to evolve despite regulatory challenges.
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