ETCWin founder: China will have great potential on the ETC chain

On October 30, the “The First Practical Application of Classic Ethereum – ETCWin” sharing and discussion meeting was held as scheduled on the 9th floor of the China Financial Information Center in Lujiazui, Shanghai.

ETCWin (Biying.com) is a digital asset exchange that uses Ethereum's original chain ETC as the basic digital currency. It uses ETC as the basic digital currency to trade mature currencies of the POW consensus mechanism and tokens issued by community ICOs. The ETCWin team comes from Shanghai Kuoyue Network Technology Co., Ltd., which has technical experts and operation experts from several financial technology companies. The project founder once managed a financial technology company with an average daily turnover of more than 300 million yuan. In addition to ETCWin Biying.com, Kuoyue Technology also owns products such as 91pool and Yijian.

At the beginning of the event, the host of this event, Chu Xiahu, CEO of Weiyou, took the lead in leading everyone to directly look at the hot zero-knowledge proof currency in the current currency circle-Zcash, and shared some of his views on Zcash, which triggered a heated discussion on the spot. Then, Mei Wenxiang, the founder of ETCWin, gave a detailed introduction to Ethereum and the ETCWin project, and talked about his vision for ETC and ETCWin.

Mei Wenxiang pointed out that ETC is a brand new blockchain and China will have great potential. In his speech, Mei Wenxiang gave a very detailed explanation of the ongoing ETCWin ICO, including ICO rules, operations and uses, as well as subsequent returns and benefits, so that the audience at the scene and watching the live broadcast had a clearer understanding of the ETCWin ICO project.

ETCWin started crowdfunding on the BiCrowdfunding platform on October 17, 2016, and has raised nearly 700,000 ETC so far, with the crowdfunding progress exceeding 80%. Will ETCWin, as an exchange, be decentralized? When asked about this question, Mei Wenxiang pointed out that he would not consider it at present, but would consider decentralization in the future, because it would help increase the timeliness of the entire ETCWin network.

At the scene, Mei Wenxiang also happily shared a good news. On that day, the computing power of 91Pool mining pool under Kuoyue Technology happened to jump to the first place among ETC mining pools, becoming the mining pool with the highest ETC computing power in the entire network.

When talking about the future direction of ETC and ETH, a guest at the scene pointed out that ETH seems to have more advantages at present. "ETH has its own community and a core developer team to support the project, while ETC currently has no core team to promote it, is relatively short of funds, has a treacherous road in the early development, and is seriously lacking in support." But on the other hand, "No Man's Land" allows community users to display their talents, giving ETC more room for imagination in the future. At the application level, ETH is more likely to develop alliance chains and private chains, and in the near future, more applications on ETC will follow.