Blockchain Boom – ViaBTC Has a Complete Industrial Layout

“Blockchain” has once again come under the spotlight

In the 18th collective study of the CPC Central Committee Political Bureau, General Secretary Xi Jinping emphasized “taking the blockchain as an important breakthrough for independent innovation of core technologies” and “accelerating the development of blockchain technology and industrial innovation.”

The “blockchain” has come under the spotlight overnight. From national cyber develop-ment to big data, from media integration to blockchain, blockchain technology has once again become the driving force of revolution and gradually extended to multiple industries such as digital finance, intelligent manufacturing, Internet of Things (IoT) technology, supply chain, and digital assets.

The blockchain is a new task for all the Chinese, and the ecosystem and industrial chain have been fully fledged

Since 2016 when it was first included in the Notice of the State Council on Issuing the National Informationization Plan of the 13th Five-Year Plan as a strategic cutting-edge technology, the blockchain has picked up pace in developing from digital assets to a technology creatively integrated in various fields, and “a full industrial chain” has taken shape.

After years of innovation and devoted cultivation of private enterprises, the blockchain has laid a solid foundation for technological revolution, from concept development to the underlying technology and from general application to the expansion. This field has drawn not only such traditional giants as Alibaba, Huawei, Tencent and China Merchants Bank, but also emerging pioneers such as Bitmain, Canaan and ViaBTC; infrastructure, financial payment, digital currency, entertainment, social networking, supply chain, medical treat-ment and may other industrial chains have been successfully “claimed”.

Besides private enterprises, governments and universities are actively involved in the development and application of blockchain technology.

Government-related applications, such as Shenzhen’s “blockchain+” electronic bills, have so far issued more than 6 million invoices, with the amount accumulating to as much as 3.9 billion yuan! The cost of tax collection and management has been greatly reduced, which has also effectively cracked tax evasion. Ten universities including the Central University of Finance and Economics, Tsinghua University, Shanghai Jiaotong University, Tongji University, Beijing University of Posts and Telecommunications and Fudan University have set blockchain related courses. Among them, Tsinghua University has also established a national college blockchain education alliance to establish nodes, a distributed computing network of universities and “mining pool for scientific research”;

Shenzhen, a promising city of blockchain

Any mention of the blockchain cannot evade the city of Shenzhen.

The release of a document on August 18 has again turned the spotlight on the blockchain and Shenzhen.

It is pointed out in the Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting Shenzhen’s Pioneering Zone for Building Socialism with Chinese Characteristics that the country will push forward innovative applications of blockchains such as digital currency research and mobile payment in Shenzhen. This is an important step China has taken to develop blockchains.

Shenzhen enjoys exceptional advantages, both technically and politically, to develop the blockchain.

In 2016, the Development of the Shenzhen Municipal Government Financial Services Office pointed out in The 13th Five-Year Plan for the Development of Financial Industry in Shenzhen that it would vigorously “support financial institutions to strengthen research and exploration on emerging technologies such as the blockchain and digital currency”.

In 2017, the Shenzhen government set up a special Fintech award, which aims to reward outstanding projects in such areas as blockchain, financial big data, and digital currency application, with an annual award of up to 6 million yuan.

In 2018, the Economy, Trade and Information Commission of Shenzhen Municipality suggested that it would set up cash projects for major breakthroughs in innovative applications such as big data, blockchain, cloud computing, and IoT, with an economic subsidy of up to 2 million yuan.

It is reported that Shenzhen has ranked first in China with the number of blockchain enterprises registered. As of last August, Shenzhen was home to 3,950 companies registered with the business scope including “blockchain”. At the same time, Shenzhen ranks second, only to Beijing, in the number of blockchain patent applications in China.

After policies concerning the Special Economic Zone and the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen has once again been put in an important position, and will take the lead in integrating the ecosystem of the blockchain industrial chain in an joint effort with local enterprises.

ViaBTC, working on the ecosystem layout of the industrial chain of the blockchain

The Shenzhen-based ViaBTC has been digging into practical applications in blockchain for many years with its business covering the entire industrial chain from mining pools and exchanges to public chains; it has managed to penetrate the whole chain from mining services to digital assets. Targeting blockchain investors as its major users, ViaBTC is committed to being a bridge that connects value among all parties.

ViaBTC has devoted itself to blockchain technology since 2016. CEO Yang Haipo completed all the deployment and development of ViaBTC’s mining pools independently, and initiated the PPS+ income distribution model.

Since its launch, ViaBTC’s mining pools have been running normally for 99.99% of the time, and its orphan block rate is the lowest throughout the network. According to the statistics of global hashrate distribution, ViaBTC ranked fifth in the world in the past month, contributing 7.3% of the world’s hashrate.

Up to now, ViaBTC has provided professional, efficient, safe and stable digital currency mining services for nearly one million users in 130+ countries around the world. The cumulative market value of mining has totaled billions of dollars.

ViaBTC announces the expansion of its business layout:

In 2016, ViaBTC launched a cloud computing product to sell the right to yields from hashrate to investors. Within just two days it was sold out, and attracted around 100,000 users.

In 2017, ViaBTC won the A round financing of 20 million yuan led by Bitmain, a giant in the industry, and launched CoinEx, a bitcoin trading platform, at the end of the year.

In 2018, ViaBTC launched a blockchain browser which supports the wallet address query of nearly 10,000 mainstream digital currencies such as BTC, ETH and ERC20 Tokens; in addition to that, it allows users to query information such as the ashrate, block height, large-amount transfer and rich list within seconds, and is even equipped with such functions as transaction acceleration, broadcasting and signature verification. ViaBTC’s blockchain-based browser has, upon its launch, been more versatile and accurate than any of its counterparts.

In 2019, ViaBTC launched its online digital asset wallet, ViaWallet, which provides convenience for users to self-sustain private keys and create multi-chain wallets. It offers one-stop management of assets in real sense. Besides, ViaWallet also supports the Staking service, which allows users to enjoy profits by holding or depositing tokens.

ViaBTC, the dream of the DEX and public chain

Dedicated to connecting the investment value of the blockchain, ViaBTC also has a dream of “financial freedom” in the motto of “bitcoin to make a better world”.

It is ViaBTC’s ambition to reshape the exchange through decentralization, that is, to naturally solve the trust and security problems arising from centralization and develop an exchange that users trust and can never be closed. To make this happen, CoinEx DEX was born at the right moment and will be unveiled at the end of 2019.

A specially created public chain channel is needed for the decentralized exchange of CoinEx DEX, and that is CoinEx Chain’s public chain which includes DEX public chain dedicated for transaction, Smart public chain for smart contract and Privacy public chain for the sake of privacy. The three are interconnected by the IBC inter-chain communication protocol. CoinEx is committed to building a decentralized public chain ecosystem and the next generation of blockchain-based financial infrastructure. More than ten well-known institutions at home and abroad, e.g. CoinBase, SINGA, and EosForce, have participated in the CoinEx Chain’s node election.

With joint construction of ecosystem and business integration, ViaBTC penetrates the entire product line.

Individual investors can earn revenue by mining bitcoin or competitive tokens in ViaBTC’s mining pools; miners can check in ViaExplorer to keep track of such information as blocks in the mining pools and hashrate on a real-time basis; fresh investors can also participate in ViaBTC’s cloud hashrate mining by renting hashrate, and enjoy revenues; tokens mined can be deposited to ViaWallet for financial management in the future or to CoinEx for transaction free of charge. In case of a network congestion, investors can use the ViaBTC transaction accelerator. Moreover, ViaBTC has extended its efforts to corporate investors. All project developers and enterprises that want to release a project or tokens are encouraged to participate in the ecosystem of CoinEx Chain DEX public chain.

ViaBTC has undoubtedly made a satisfactory response to the industry amidst the call for taking the blockchain as an important breakthrough for independent innovation and thoroughly integrating the blockchain and industries.

The blockchain “ushers in its future.”

Upon the call of the blockchain, we have just embarked on a new journey. Everyone in the Chinese blockchain industry is looking forward to the good news from Shenzhen.

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