News 'Blockchain industrial village' proof of Wenzhou's crypto enthusiasm ·...

‘Blockchain industrial village’ proof of Wenzhou’s crypto enthusiasm · TechNode


- Advertisment -

1 min read

China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’ –

What happened: Chinese social media caught a glimpse of a new physical use for bitcoin when images surfaced on microblogging platform Weibo showing cryptocurrency-themed (and funded) guardrails in Yuedong, a village in the eastern province of Zhejiang near Wenzhou. According to residents, the village owes its progressive attitude toward blockchain technologies to Btcchina cryptocurrency exchange founder Yang Linke, who was born there. A blockchain theme park is also being built in Yuedong to capitalize on the rising number of tourists seeking to witness what appears to be a crypto first.

Why it’s important: Despite far-reaching bans and regulations imposed on cryptocurrency by the central government, local support for the embattled tech seems to persist. One local resident reported that Wenzhou government officials have reacted positively to the cryptocurrency-themed carvings. Additionally, some villagers have taken up developing decentralized apps, or dapps, and Wenzhou even has its own EOS node. These grassroots developments offer some proof that China’s influence on the future of blockchain is alive and well.

Source link


Please enter your comment!
Please enter your name here

Latest news

The Bitcoin Billionaire app and thousands like it – how AI trading is swarming crypto

The appearance of the Bitcoin Billionaire app, an auto trading system changed and overtook the whole crypto...

Buy VPS With Bitcoin: The Top 10 List

In this article, we list the Best web hosting providers you can buy VPS with bitcoin. All...

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...
- Advertisement -'Blockchain industrial village' proof of Wenzhou's crypto enthusiasm · TechNode

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you