China prepares to issue its own cryptocurrency
The Asian country will become one of the first nations to have a digital asset backed by the value of its current currency
Everything indicates that China is fully prepared to issue its own digital asset, which will be the first guaranteed by a country and which also has the equivalent value of its current currency.
China for a long time was considered one of the countries that gave more battles to cryptocurrencies, even going so far as to ban bitcoin.
However, after a time of negotiations and discussions, they took the lead in creating their own blockchain-based asset.
Last month, it had the first images of what the virtual currency will be, backed by yuan, and which can be used in the same way as electronic money in China.
It is not known for sure what will be the impact of the Dcep on the Chinese economy, but it is speculated that the country will take the lead in developing its assets, unlike other nations that are still under discussion.
The technology behind the asset is already available and, its spokespersons say, it can process three hundred thousand transactions per second, a number capable of avoiding bottlenecks even during peak demand.
K. Tovar
Source: Pagina12
