China government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn mean, however, they?셱e not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of over two dozen crypto assets, its Global Public Chain Assessment Index.
China Set to Provide Monthly Cryptocurrency Report
?쏷his independent analysis of cryptocurrencies and global public blockchain technology demonstrates the confidence of the Chinese Government in the technology, and will act as a guide for government, enterprise and research institute,a government press release read this week.
Beijing was indeed home to provocative announcements by the government of China such as the above. At a conference, its respective technology ministries explained their monitoring, by way of analysis, nearly thirty cryptocurrencies. Among them, he first batch of assessment objects were identified: Bitcoin, Ethereum, Ripoco [Ripple], Litecoin, Bitcoin Cash, Cardano, Starcoin, NEO, Ioota, Monroe Currency, Dash, New Currency, Ethereum Classic, Quantum Chain, Nano, Application Chain, Big Zero Coin, Verge, Stratis, Cloud Storage, Stimco, Bit Stock, Bitcoin, Coin, Decred, Super Cash hcash, Komodo, ARK,various bodies detailed.
Standards for inclusion, according to a Google Translate of the government press release, are, ?쏤irst, it has its own independent main chain; Second, the public chain node can be freely created; Third, it has an open block browser, block information can be consulted; Fourth, code open source; The fifth is to have a project home page, the project team can contact./span>
Blockchain, Not Currency
The government expects shortly to have some kind of ranking system published. The Global Public Chain Assessment Index, as it is referred to, appears to be a way to valuate the technological capability, the usefulness of the application and the innovativeness of the project,government minders insisted, and to determine ?쐂evelopment level of the projects to profoundly understand the trend of blockchain technology innovation./span>
The conference press releases are full of effusive praise for ?쁞lockchaintechnology, a corporate staple among buzzwords all over the world. Cryptocurrency trading, of course, is not allowed in the world most populous country, and that hasn changed. And it probably why the currency aspect of crypto was not emphasized, but instead its variations on the distributed ledger technology theme.
?쏷he first phase of the global public-owned chain technology evaluation index,the government noted, ?쐗ill be released in the near future. The official website of the China Electronic Information Industry Development Institute will be the only designated release platform for the evaluation index./span>
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source : news.bitcoin.com