China enters the cryptocurrency race.

[Nor88 202]

The Chinese attitude towards digital currencies has changed with the sharp rise in the price of the most popular digital currencies, whose value has increased doubling what it was after it was valued at $ 7,000 in late 2019 to its highest level of nearly 65,000

And here is China entering a race with the digital world by producing the first central digital currency after it saw the development in the bitcoin market positive signals for the digital yuan project, and the central bank said that this rise increases interest in the proposed virtual currency

اChina has not banned Bitcoin mining, and it is the biggest player in this field, and now it is transforming again, its prospects seem promising and able to face some challenges related to Bitcoin

Now, let's get to know the promising new currency, unlike Bitcoin, which requires huge amounts of processing power and electricity, blockchain technology and chia transactions platform use hard disk drive storage capacity to achieve compatibility.

And now the new cryptocurrency that miners are rushing into can be completed using hard disk storage space, which has caused tremendous demand and a shortage of hard disk supply.

Who among us has not heard of Abram Cohen, who was known for the innovation of peer-to-peer file sharing protocol over the Internet.

Specialized mining hardware is becoming increasingly owned and managed by a small number of large entities in large data centers.

It has raised difficult problems with regard to electricity consumption, electronic waste, carbon generation and geopolitics, chia's team said, and its new currency is expected to help solve some of the problems caused by traditional bitcoin mining.

, And here she is, although she will not start trading until May 3rd, and she is operating extensive storage operations

For hard drives and SSPs in anticipation of increased demand

What is the advantage of this currency, it collected a lot from the first round of financing for 2018, and since then it has collected 28 million dollars in two additional rounds.

Chia uses the concept of time and place verification across storage spaces where network users operate a process called agriculture unused space on disk drives by installing a program that stores a set of encryption numbers on the hard drive after which they scan the blocks to find out which hash number is closest to them and which successfully completes the mining process.

My friends, I can tell my opinion that this currency may be a huge explosion in the digital world from the existing data and ask here whether it is possible for the Shea currency to reach what Bitcoin has reached and is it possible that it will be in a shorter time as well

 

[Moudr 513]

 New and valuable information Thank you for this report, which explained many points I agree with you, my friend. I think that China has entered the digital currency race, and I think it was also very present, and I expect that this new currency will have a future and of good value.

Edited April 29, 2021 by Moudr

[Al3arab45 4]

My dear friend, I see that China heads the world economy strongly at this time. I thank you very much for clarifying some important points in this field with my expectations for improved trading in digital currencies in the near future

[Moaz 7239]

It is a good and important topic at the same time and it contains important information about this currency, and for sure, China is one of the most important countries in the world in the field of cryptography and has the largest farms for mining cryptocurrencies, and I think that this currency will have a good future.