March 5, 2021

Chinese media: Bitcoin is the first successful blockchain project

Chinese media: Bitcoin is the first successful blockchain project

Xinhua China State News Agency published an article on the front page of the newspaper about Bitcoin, calling it “the first successful blockchain application.”

In the article, the publication describes how Bitcoin works,describes the technology of private and public keys, and even slightly touches on the topic of halving. The article notes that BTC has a pseudo-anonymous nature, and therefore, the main option for its use is to conduct transactions in a dark web.

It is worth noting that XInhua is considered one of the leading news agencies in the world, and its audience is 1.4 billion people.

An article on the front page of the newspaper appeared soonafter the president’s statement on the new direction of the country. As previously reported, the government is already actively using blockchain to test the allegiance of the Communist Party.

Recall that in 2017, the Chinese governmentbanned the work of cryptocurrency exchangers in the country. After the president’s statement, government authorities stopped talking about the ban on mining and trading, and legislatively fixed the legal status of bitcoin as virtual property.

According to the materials www.cryptoglobe.com