AntShares is a Chinese blockchain platform. It had big price spikes recently, now is at 9$.
Distributed database that is used to maintain a continuously growing list of records, called blocks
This blockchain platform is not popular in the Western world now. It is due the fact that it is not targeted at western customers. It's about time to get familiar with this product.
- It uses smart contract like Ethereum, but it is possible to held multiple classes asset in one chain.
- Platform is Sino-centric.
- It is focused on “digital asset registration,” and has successfully helped more than one firm.
Can AntShares become a Badu for Bitcoin's Google? Fact that AntShares is native for China and "knows" how to navigate in it's regulatory landscape can really help this platform to become successful. AntShares is far from Bitcoin and it can be it's plus too.
Local currencies and networks
The main factor of currencies' popularity is its social acceptability and social network effect. Facebook is not main social network in a lot of counties, for example, China and Russia have their own social networks. Facebook competes for users in this countries with local social networks.
Same with Bitcoin. Worldwide this currency is or not, Bitcoin is less popular in non english-speaking regions. It is much harder to learn about it in places like China. So, projects like AntShares have all chances to get its regional alcove. Same for Russia - instead of Bitcoin, russian users can get homegrown analogue. There are two variants, why AntShares received such a "boom" growth:
- Upcoming conference.
- Cryptocurrency enthusiasts are looking for other innovative projects which appear untapped.
If AntShares will become more widely used in China, it can get a many-fold value rise and at the moment we may be witnessing only the beginning.