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Let’s talk about Chinese cryptocurrencies—honestly, I’ve been keeping an eye on this direction for a while, and here’s what I’ve noticed.
Everyone usually thinks only about Bitcoin and Ethereum, but Chinese cryptocurrencies like NEO, VeChain, and Conflux have long been solving real-world problems. NEO is called the Chinese Ethereum for a reason—not just a buzzword, it’s a full-fledged smart contract platform with support at the government level. Plus, there are two tokens there: one for governance and the second for fees.
VeChain is an especially interesting case—it works with Walmart, BMW, PwC. This isn’t just talk; they really track supply chains and fight counterfeiting. Plus, it has an eco-friendly approach, which is trending right now.
Confluex is a real speed demon—3,000 transactions per second. And most importantly, it’s the only public blockchain in China that has received regulatory approval. That’s no small thing.
Ontology is also worth checking out if you’re interested in data protection. Decentralized identity, applications in medicine and finance, compatibility with Ethereum and Polkadot.
Why am I even looking into Chinese cryptocurrencies? After all the regulatory changes, a new stage begins there. And most importantly, it’s not empty promises, but real business cases with government support. Diversifying your portfolio—that’s what you need, especially for projects with real utility, not just hype.