When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of GXChain.
Why Block city App is Attaining Grip in the Crypto Community
The government of China recently (25 August 2018) issued its third Global Blockchain Assessment Index. In this index, they rank how promising different cryptocurrency projects are. The inclusion of GXChain in the index was a big surprise to most people.
The news was a bit troubling for many companies as GXChain does not have a specifically high infiltration rate in the Western world. The unpredicted increase in importance of GXChain could probably infer that China is supporting the company. An alternative explanation is that the platform is capitalizing on the low occurrence of other parties offering parallel services. In any event, the potential of GXChain cannot be undervalued.
Apparently, the company’s mobile application, identified as “Block City”, is one of the most admired crypto applications in China.
The Reason behind the reputation Of Block City
One of GXChain’s competitors is PikcioChain. PikcioChain is a public blockchain company that works with NEO and its objective is to give control over personal data to individual user, and assure the safety of such information. Although PikcioChain has recorded impressive performances recently, the company still has a comparatively low market capitalization of only USD 4 million. GXChain on the other hand has a market cap value of USD 138 million.
Block City’s Users
Block City users have control over their personal data, just like in any distinctive public blockchain. It unites all user information and stores it in an encrypted file system. Thus, users can access this data and monetize it. In addition, accessibility of smart contracts has also contributed to the increase in the number of users.
Furthermore, the underlying technology of the application allows it to offer KYC, multi-dimensional data and identity verification among other remuneration. Actually, 40% of the Block City users are intensively using the app on a daily basis.
GXChain is set to become a computation force, not only in China, but also on a global scale.