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China’s Changing Perception of Bitcoin: Bitkan CEO Shares Insights After 7 Years in Crypto Industry

20/03/2020 by Idelto Editor

Since the advent of bitcoin in 2009, cryptocurrencies have gone from being a niche topic for tech nerds to ubiquitously recognized — if not always understood — staples of modern finance. Bitkan CEO Liu Yang recently took some time out to give news.Bitcoin.com a peek into the Chinese bitcoin community and its changing ideas and perceptions of crypto, throughout Bitkan’s seven years in the business. Though general narratives have changed and evolved, and the recent covid-19 crisis impacted markets, the CEO says that overall China is still bullish on bitcoin.

Also read: Tether Launches Stablecoin Token on Bitcoin Cash via Simple Ledger Protocol

Following Bitcoin, Forming Bitkan

An integrated platform for multiple crypto services, Bitkan was launched in March 2013 by former members of China tech giant Huawei‘s R&D department. CEO and co-founder Liu Yang was head of the Huawei Wireless Technology R&D department at the time, leaving to pursue business in crypto when, according to Bitkan, “most people saw Bitcoin as a Ponzi scheme.”

“Bitkan started out as a geek product,” the company told news.Bitcoin.com. “The actual time that Bitkan was created was back in December 2012. At that time, most of the major exchanges for bitcoin geek players in China were all from abroad, hence Chinese bitcoin community users need some market alerts tools to facilitate price monitoring.”

After launch in 2013, the Bitkan platform grew to be a hub for market data, and an OTC and aggregated trading platform with an active community.

Chinese Community’s Perceptions of Bitcoin Change, OTC Trading Remains Popular

According to CEO Yang, bitcoin was initially a point of general intrigue for Chinese, but soon “went from being an item of curiosity to becoming deemed a Ponzi scheme by the Chinese community.” From there, the perception evolved. Yang elaborates:

Towards the end of 2014, everyone began to focus their attention onto blockchain technology. After the ICO wave in 2017, Bitcoin was characterized as a revolutionary digital currency. After the madness at the end of 2017, people have generally heard of Bitcoin. The common man is still rather wary of cryptocurrency while some people regard Bitcoin as the best digital investment product.

When it comes to China’s legal restrictions on the crypto industry, and OTC trading in the country, Yang told news.Bitcoin.com there will always be a demand.

“I would say that there is always a demand for OTC trading. Due to restrictive legislation on exchanges, the need for OTC will continue to exist to satisfy investment and trading needs. Thus, after regulations, OTC transactions will inevitably develop more vigorously than before.” Yang makes a small caveat: “However, from the perspective of the entire crypto market, I would say that the number of users are declining as a whole. This is due to regulation and the price of bitcoin.”

Covid-19 Crisis and Ensuing Market Slump

“I think the financial crisis has arrived. In other words, we are already caught in it,” Yang asserts.

Incidentally, the financial crisis this time is not quite the same as the financial crisis of 2008. This time, as the epidemic situation worsens, many production lines and commerce have stagnated. This may cause a more significant harm to the markets.

Noting government efforts to stem some of the economic carnage, Yang details: “From China’s $7 trillion planned infrastructure spending to U.S. interest rate cuts and the $400 billion plan to boost their economy to protect their businesses, we can see that global governments will likely take steps to save the markets.”

Workers at a factory in Jiujiang, China.

He also notes that some Chinese see the covid-19 crisis and ensuing crypto market plunge demonstrating “a certain degree of correlation between bitcoin and gold” as they have not appeared to follow the S&P stock market index in more recent events.

“We can see that the [crypto] price slump this time happened after the plunge of the U.S. stock market and crude oil,” he elaborates. “Likewise, it has also led to gold to fall as well. This morning (March 19), the S&P 500 circuit breaker occurred for the fourth time this month. However, gold did not fall together with the index and neither has bitcoin.”

Yang views the recent plummet in crypto prices as “a rapid deleveraging process” which will ultimately help crypto. “In the long run, it is conducive to the long-term development of cryptocurrencies. After this plunge, the development of cryptocurrencies will be more healthy and positive.”

Despite a Rough Start to 2020, China Still Bullish on Bitcoin

Challenges of the new year notwithstanding, Yang says that “when there is a crisis there are opportunities,” and “While some older traditional businesses may fall, at the same time, new business models may arise … the epidemic in China has actually accelerated the rise of e-commerce, remote working, online education and many other industries that were not that popular before.” He also predicts good things for bitcoin’s price, detailing:

I think that this round of decline is the result of the leverage effect in the crypto market, and it needs to burst its bubble. There will still be some fluctuations, but all in all the market is likely to have a strong recovery within a year, and is very likely to exceed the previous all-time-high.

Bitkan’s goal into 2020 remains to make crypto investment easier by way of a “one-stop crypto investment platform,” the CEO notes. As for China, Yang maintains that there is a marked difference between speculators and investors, the latter typically remaining steadfast through storms while some of the former peel off in defeat, and summarizes: “Although the view of the Bitcoin community in China is still relatively fragmented, the overall voice of the community is still bullish as it is currently in a period of severe volatility.”

What is your perception of bitcoin currently, amidst the crisis? Let us know in the comments section below.

Images courtesy of Bitkan.com, Shutterstock, fuyu liu, humphery, Joinmepic, fair use.

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Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash

27/07/2019 by Idelto Editor

On July 23, the CEO of Btc.top, Jiang Zhuoer, debated Nchain’s chief scientist Craig Wright in regard to the civil war between BCH and BSV that took place in November. Amid the debate hosted by Bitkan, Zhuoer highlighted the top three advantages tied to the Bitcoin Cash ecosystem. During the dialogue, Zhuoer also emphasized that the infrastructure Satoshi Nakamoto left behind is very advanced and can “achieve very high performance” rate using the BCH network.

Also Read: SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens

Btc.top CEO Jiang Zhuoer Cites the Advantages of the Bitcoin Cash Blockchain and Community

Jiang Zhuoer leads the Chinese mining pool Btc.top, which is one of the top SHA-256 mining operations by hashrate within both the BTC and BCH networks. On July 23, Zhuoer had a debate with Nchain’s Craig Wright, the man who claims to be Satoshi Nakamoto. The debate was hosted by Bitkan and started with a separate interview with Zhuoer for 20 minutes, and another private interview with Wright for the same amount of time. Then for another 20 minutes the two debated during a roundtable discussion that allowed them to interact freely. Wright’s stance was filled with BSV gigabyte block size talking points with pro-government Bitcoin themes as well. Zhuoer, however, explained in great detail why he thinks Bitcoin Cash (BCH) has three unique advantages and is following the path Nakamoto intentionally designed.

“I support BCH because BCH implements Nakamoto’s design for Bitcoin — And the title of the Bitcoin white paper is “A Peer-to-Peer Electronic Cash System”, hence, Bitcoin is designed as electronic cash,” Zhuoer responded when asked for the top three unique advantages BCH has compared to other mainstream cryptocurrencies. “The ultimate goal of Bitcoin is to become a world currency, a currency that everyone in the world can use, to bring monetary freedom to the world, so that the money in our hands is not inflated, not restricted by borders, and doesn’t get plundered.” The Btc.top CEO added:

To achieve this goal, Bitcoin needs to expand the block to accommodate more and more users — Nakamoto also made a clear plan to increase the block size.

Two Bull Runs Show BTC’s Weaknesses

Zhuoer insisted that in 2014, the Bitcoin Core (BTC) development team acted stubbornly and were against Nakamoto’s original plan. The disagreement got so elevated that it eventually led Bitcoin to split into two currencies, BTC and BCH, in August 2017. The Btc.top executive said the developments that followed indicated to him that BCH is correct for wanting to expand the block size limit during the dispute.

The hard evidence of this stemmed from the bull run in 2017 when the BTC mempool was congested with tens of thousands of transactions and network fees spiked to between $30-50 per transaction. These issues conflicted with Satoshi’s true vision, Zhuoer asserted, and he doesn’t seem to believe Segregated Witness and the Lightning Network will solve BTC’s problems. Zhuoer stressed:

The lightning network is also almost useless. During the price increase in May 2019, the same congestion appeared as it did previously in 2017 and the transaction fee percentage spiked significantly.

Bitcoin Cash Attributes: Direction, Community Spirit, and Infrastructure

Not only did Zhuoer speak on the subject, he also provided factual data and charts showing the BTC price increase pushing the network’s fees up during the last two price surges. Zhuoer predicts that the bull market that precedes the next halving will see BTC suffering from severe congestion. The pool operator does not believe the scaling concepts Core developers introduced so far will solve the problem before this timeframe. From here, Zhuoer highlighted the top three advantages that are unique to the Bitcoin Cash ecosystem:

The right direction: Decentralized + large block, and a high number of users.
Community spirit: Rational and pragmatic.
Infrastructure: Layered design, onchain trading, and smart contracts that do not interfere with each other.

Zhuoer mentioned how BCH follows the Chinese mantra of “the golden mean,” which means the BTC block size limit is too small and network fees are costly during congestion. On the other hand with BSV, the block size is too big at 2GB and the chain will likely become like EOS, in Zhuoer’s opinion, with only a few centralized nodes. The golden mean of Bitcoin Cash is a path or middle way between the extremes of BTC and BSV.

The mining pool CEO further opined that the developers and community behind BCH are rational and pragmatic because they don’t make “empty promises like Core.” Moreover, Zhuoer insisted that Core’s decentralization method is contradictory when the developers strive to make it so Raspberry Pis can run a whole node, but allow transactions to become expensive. Zhuoer also said that Ethereum suffers from this issue and “the capacity of BCH is larger than ETH.” Zhuoer continued:

BCH can carry the users who can’t stand the congestion of BTC and ETH, and BCH can gradually accumulate its own users to meet a healthy cycle.

Jiang Zhuoer is a well-respected mining pool operator among BCH supporters and many community members will recall his “Hash War” series of posts he wrote last November. At the time, the Btc.top CEO said that if Bitcoin participants have different goals then the protocol “should be forked.” “Let the market choose which one is right,” Zhuoer explained. In the second part of the series Zhuoer said:

Both parties believe that [Bitcoin] should become the global currency of 5 billion people, but the means used by [each development team] are different to achieve this goal.

After listening to Zhuoer’s words, it is clear that he thinks BCH triumphed over the BSV chain and is skeptical of BSV’s 2GB block size. He also called Wright and the BSV path “extreme” and the concept of locking the protocol back to the original 0.1 protocol is “ridiculous” in Zhuoer’s opinion.

Wait wait wait… how many orphaned blocks?!? pic.twitter.com/fiwZHGzBdF

— checksum0 (@checksum0) July 25, 2019

The Bitcoin Cash community seemed appreciative of the Btc.top executive’s statements, with one person saying they found his words to be “an extremely rational, informed, and unbiased dissection of the issues.” “Jiang’s full-length post (in Chinese) is worth reading, glad it’s been partly translated even with some errors,” another BCH supporter wrote.

The full transcript of Jiang Zhuoer’s post can be read here and you can also watch the debate between Zhuoer and Wright here using the Bitkan application.

What do you think about Btc.top CEO Jiang Zhuoer’s statements about the Bitcoin Cash (BCH) network? How do you feel about his opinions concerning other chains like BTC and BSV? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Btc.top, Jiang Zhuoer, Twitter, Bitkan, and Pixabay.

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Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development

11/07/2019 by Idelto Editor

Bitkan's K-Site Bitcoin Cash Community Raised Funds for BCH Development

Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s BCH community raised funds for the Bitcoin Cash Development Fund. Bitkan highlighted that the BCH community is one of the most active on the K-Site platform. Bitkan believes open source development is very important and that companies and individuals within the community should support development of innovative blockchain and cryptocurrency solutions.

Also read: Tip Twitch Livestreamers With BCH Using the New Tipbitcoin.cash App

Bitkan Loves Bitcoin

Bitkan.com is a well-known company based in Asia that has millions of users utilizing its one-stop services like smart trading, which aggregates the liquidity of main exchanges, market, news, K-Site community, and wallet. K-Site offers videos, articles, a micro-blog, forums and more while rewarding users with its native token KAN, and other digital assets like BCH.

The micro-communities are designed so crypto users can focus on the ecosystem’s actual business instead of a community built on artificial demand. This week Bitkan spoke with news.Bitcoin.com and provided an update on its smart trading function and how the Bitcoin Cash community used the K-Site to donate to the Bitcoin Cash Development Fund.

Users of Bitkan’s K-Site Provide Support for the BCH Ecosystem

News.Bitcoin.com (BC): Bitkan recently donated to the Bitcoin Cash Development Fund. Can you tell the community why Bitkan decided to back BCH development?

Bitkan (BK): This donation for BCH is not Bitkan’s official act, but an activity initiated by the BCH community within the K-Site community. K-Site is one of the most active communities, especially in China. Compared with other monotonous communities, K-Site is more comprehensive and dynamic and always remains neutral. The donation sponsored by BCH community officials attracted many users who are interested in supporting Bitcoin Cash and providing more capital support for the BCH ecosystem in general.

Bitcoin Cash Community on Bitkan's K-Site Raises Funds for BCH Development — **The Bitcoin Cash Development Fund aims to raise 1600 BCH by August 1, 2019.**

BC: How can funding blockchain development help bolster the BCH ecosystem?

From the perspective of the cryptocurrency and blockchain community, BCH is an important community. We are always willing to support the development of blockchain tech and cryptocurrency solutions. Since there are many different types of coins, only continuous trials can promote the positive development of the entire cryptocurrency and blockchain initiative. Otherwise, without sponsorship, it will be difficult for the community to survive, therefore, providing capital support is essential for the development of a robust community.

BC: Do you think it’s important that corporations and community members support BCH development?

They are both important. Aside from good technical support, the support from backup communities for a project is also important, because communities can have different views. What’s more, in a peer-to-peer network, each node is characterized by a high degree of autonomy. The nodes can freely connect with each other to form a new connection union and the effect between nodes can build a nonlinear causal relationship through the network.

This open, flat and equal organizational structure allows each community member to become a small but independent contributor to participate in the development of the blockchain project.

BC: How is funding developers useful to businesses providing BCH infrastructure and tools?

The positive development of the community promotes the development of coin trials and a variety of applications in different fields. The development of applications can further promote the prosperity of the entire cryptocurrency and blockchain ecosystem in order to benefit the enterprise. Since the development of the industry can affect the development of enterprises, the enterprise should build a mutual assistance relationship with the community. Only with mutual help can the industry bolster the positive development of blockchain and cryptocurrency solutions.

BC: Bitkan’s cofounder Fang Yu explained at the 2018 Satoshi’s Vision Conference in Japan that the company would use BCH as an option for K-Site’s payments. Does this still hold true today?

Yes, K-Site is still supporting the BCH reward payment. The K-Site has supported and rewarded coin communities like KAN, BCH, ETH, USDT, BTC, TRX, QTUM, ELF, HC, ONT, LTC, etc. With BCH being one of the reward payment options, it is also supported by an official community group chat, red packet distribution, money transfer, and other functions.

BC: Can you tell us how the K-site is doing?

There are more than 100,000 active users in K-Site every day. K-Site has attracted numerous KOLs to express their opinions in communities, and its exclusive reward system and dividend distribution principle can help to find quality content for users.

The BCH community is also one of the most active.

BCH Features No Congestion, Low Fees and Other Functions That Continuously Attract More Users

BC: How can the Chinese community benefit from a permissionless electronic cash system?

As a peer to peer cash system, the most important application is still the payment application aspect. That is one of the most important reasons why Bitcoin Cash was born. The BCH network features a macroblock, no congestion, low cost, and convenient to pay solution, which is also one of the important reasons why bitcoin cash is popular among buyers. Mini-reward or micropayments have always been one of the most major applications in the cryptocurrency space, which is also widely popular in the community.

Because BCH features no congestion, low fees, and other ease-of-use functions, it is continuously attracting more users. Likewise, users from the Chinese community also benefit from it.

BC: From Bitkan’s perspective, how does the Chinese community currently feel about Bitcoin Cash?

The Chinese community is an open and inclusive community and so is the K-Site. At Bitkan, there is a very active Chinese community of BCH supporters. Bitkan always supports different opinions expressed throughout the K-Site community. For the community, BCH applies the macroblock and Schnorr digital signature scheme, making the development concept of community progressive and closer to reality.

BC: Can you tell us about the recent improvements to the Bitkan app and wallet?

In May 2019, Bitkan launched another important trading function called “Bitkan Smart Trade.” Different from other exchange platforms, Bitkan Smart Trade aggregates the liquidity of major exchanges including Binance, Huobi Global and Okex. The aggregation system can automatically place orders with better prices among multiple exchanges and also to make trading faster for users.

BitKan changes the world by providing Smart Trade technology to provide users with the fastest trades at the best price.#BitKan#HuobiPrime #[email protected]_huobi @HuobiGlobal

— BitKan (@BitKanOfficial) May 16, 2019

Founded in November 2012, Bitkan can be regarded as the first application to support a BCH wallet and a BCH over-the-counter (OTC) function. Bitkan has been a stable, security-centric operation with six years of experience with millions of global users. Bitkan has provided one-stop crypto asset investment services including market quotation, global information, content community wallet service and smart trading exchange for more than 5,000,000 users in around 170 countries by supporting roughly 90% of the existing cryptocurrencies in the world.

BC: What’s the most important feature Bitkan thinks is necessary for the mass adoption of bitcoin cash?

There are three features. First of all, BCH was created because of BTC’s fork. Compared to other cryptocurrencies, BCH owners are more decentralized, which avoids the problem of over-centralization. Secondly, BCH is the large capacity version of BTC, so it can be transferred faster with lower transaction fees. Last but not least, there is the payment function. BCH has also been developed with the function of smart contracts and more applications with strong scalability.

What do you think about the K-Site Bitcoin Cash community donating funds to the Bitcoin Cash Development Fund? Let us know your thoughts on this subject in the comments section below.

Image credits: Shutterstock, Bitkan, K-Site, and Pixabay.

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100+ Coders Gather in China to Build Apps Tied to the Bitcoin Cash Network

06/06/2018 by Idelto Editor

On June 1-3, 100+ coders gathered together for the ‘BCH Geek’ in Hangzhou, China, an event that focused on developers creating BCH-based apps in order to make “bitcoin cash available to all.” According to regional reports, the event was quite successful and there were a lot of cool applications built specifically to enhance the BCH network.

Also Read: Twitch Streamers Can Now Tip With Four Cryptocurrencies

A Large Group of Developers at the BCH Geek Event Build Unique Applications Using the BCH Chain

There are a lot of applications being created for the Bitcoin Cash network and one hackathon, in particular, took place in Hangzhou, China to build more BCH-centric platforms. The BCH Geek event was held on June 1-3 and firms like Bitmain Technologies, Viabtc, and BTC.top were in attendance. According to local reports and BCH-focused forums, the hackathon featured 100+ programmers who produced solid research, prototypes, and applications built using the BCH blockchain. The BCH Geek event was initiated by the blockchain video portal Chongqing TED.CC, and other members of the BCH community.

BCH-Based Browser Plugins, an Authenticator, and a Quiz App

There were more than 11 teams who consisted of developers from firms like Viabtc, and students from Chongqing University. This week on Reddit, a BCH Geek attendee stated the hackathon resulted in a “satisfactory way,” while detailing the platforms created by a few of the top teams who participated in the event. Three teams mentioned in particular were the groups Mempool, Viabtc, and Gon. According to the report, Mempool created a URL-paying browser plug-in based on bitcoin cash which integrates with the HTTP and Status Code 402 protocol.

Viabtc developers designed a BCH-based authenticator that can store data and synchronize across multiple devices. The application does not require a server and authentication data can be restored easily. Another team called Gon designed an application called Token Dice which is a decentralized on-chain 1v1 quiz application based on BCH. The Token Dice programmers used the OP_Code, ‘OP_DATASIGNVERIFY,’ to build the quiz platform. Another application featured was called ‘IF Password’ a password management software (ifpass.cash) that is tethered to the BCH blockchain.

New BCH Apps to Appear in the Wild Soon

Attendees also heard from speakers such as Edward Liu, the co-founder of Bitkan, and Jiang Zhuoer, the founder of BTC.top, who talked about the innovation being built on top of the Bitcoin Cash network right now. The industry luminaries also spoke about currently built platforms like Memo, Blockpress, and Cointext that are providing the on-chain ‘killer apps’ once heralded a few years ago. The BCH Geek event ended with great success and it’s safe to say quite a few bitcoin cash-infused platforms demonstrated at the event in Hangzhou will be released into the wild shortly.

What do you think about the BCH Geek event held in China this week? Let us know what you think about this subject in the comment section below.

Images via Shutterstock, the BCH Geek event, and Cindy Daily.

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Bitkan CEO Discusses China, Bitcoin Cash, and the ‘K Site’

31/03/2018 by Idelto Editor

During the Satoshi’s Vision Conference in Tokyo, news.Bitcoin.com spoke with the CEO of Bitkan, Fang Yu, about the recent regulatory actions against cryptocurrency exchanges in China alongside her company’s new venture a vertical paid market called the Bitkan ‘K Site.’ The project will attempt to establish a decentralized media outlet that offers incentives to content creators, readers, and the sharing economy. Fang Yu explains that the K Site will also provide a native token called ‘KAN,’ a micro-blog, videos, articles, Q&A forums, and more.

Also read: Massachusetts Censures Five ICO Crypto Startups in a Single Day

Bitkan plans to launch the K Site around April 20th, and the token will be cross-funded and not sold as an initial coin offering (ICO). The project is backed by investors such as Bitmain, IDG, FBG, Huobi, and others. The Shenzhen-based company’s CEO Fang Yu believes that a free and equal community culture is needed online and one that is reward based. This way a community can reflect on the ecosystem’s actual business instead of a community built on artificial demand.

Bitkan’s CEO Fang Yu Discusses the Upcoming ‘K Site’

News.Bitcoin.com (BC): What happened last year with Bitkan’s OTC exchange?

Fang Yu (FY): Last year as you must know the Chinese government released some regulatory guidelines towards ICOs, and also the officials shut down exchanges. But later on, some exchanges secretly were using another way to reopen their trade. At the time Bitkan was still a company registered in China, and we thought we should follow the government’s guidance. So we shut down our OTC exchange, and Bitkan was the first OTC exchange to shut down.

BC: Can you tell our readers what Bitkan is doing now?

FY: So many people know Bitkan because of the OTC exchange, but Bitkan is also well known as a news service application. We’ve been established in China since 2013, so we have years of history in the industry. We still have lots of users, and so after we had shut down the OTC exchange, we noticed even after that happened our user base was still growing. It showed us with the users that demand is still increasing for our services. We also noticed in the industry last year the industry saw a huge blooming, but still, there are some problems.

For instance, in our region, we saw a lot of fake news and many new media outlets without responsibility. We hope that with our reputation and user base our platform can offer high-quality content and help gather the actual value of the industry. We want our platform to provide real content so our users can get it directly.

BC: So there is a token involved with this platform?

FY: The token is called KAN, and it is based on the Ethereum blockchain. An ICO token is not our goal; we wish to share the value of our token with our investors and our partners, which include tech media and other experts who are devoted to this industry and who can create high-quality content. We want the K site to be a decentralized platform. Decentralized is not just a technological thing but also an economic experience. It’s like the spirit of this industry, and we wish to share the economic growth, this project will not be ICO we will be cross funding.

BC: Are you positive or negative about the Chinese government allowing cryptocurrency trading again?

FY: So as far as we can see in the short term, the Chinese government won’t be positive towards the cryptocurrency industry. Now they are paying a lot of attention to blockchain technology. They want to use this technology to have a positive effect on the traditional industry as they think it is some kind of ‘revolution.’ For now, the Chinese government hasn’t released any new regulation towards the cryptocurrency industry. Which means they don’t have any changes to add towards the cryptocurrency environment. This is why Bitkan is looking into opportunities overseas. For example, we already have an office in Hong Kong, and Singapore to develop our community media business in these countries.

For now, we can see in China there are a lot of new blockchain projects — hundreds — and there are a lot of blockchain investors in the country. Most of these projects don’t show anything practical or any real applications.

It’s just some thinking and a white paper. But this direction is appealing to the government attitude which supports blockchain technology. For us, we think its another bubble, and it’s more dangerous than cryptocurrency.

BC: What are your thoughts on the scaling debate, and how do you feel about this event [Satoshi’s Vision] being a bitcoin cash-centric conference?

FY: In my opinion, we can see the bitcoin core team’s previous actions over the course of the years.

Which has led to bitcoin transactions becoming slow and the fees were quite high which gave the user experience trouble. They were afraid to transfer bitcoin between each other, but for bitcoin cash, the community is more open.

The technology is more open too, and they are very close to the real users who use cryptocurrencies daily for payments. In the future, Bitkan will use bitcoin cash as the fundamental option for content payment. We will use our action so users can choose which is the best cryptocurrency for them.

What do you think about Bitkan’s new venture called the K Site and the developments in China towards cryptocurrencies and blockchain projects? Let us know what you think in the comments below.

Images via Pixabay, Bitkan, and Fang Yu.

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