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Pat Yiu
@patyiutazza
Have been involved in China's chain the past few weeks and doing a small writeup of notes to share. The official announcements will happen on Sep 13th. 1. Multichain system built on solidity. Early discussion about compatibility with foreign chains, earliest announcement Q2 2025. Connected to the tianping chain of internet courts. Standard fees will be done through a digital RMB system synced with alipay/wechat 2. The chain will operate as a public chain with "diverse node types" supporting various segments of the industry. There will be a variety of nodes split by industry, city, and other criteria. Nodes will be the differentiator for projects who want to access read/write records onchain. Think of this as a bookkeeping node. 3. No mention of the word "NFT" which has been replaced by Digital Assets. These digital assets must be government certified. All assets will be synced to the National Culture Big Data System, the official infrastructure of China's national cultural infrastructure.
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Liang @ degencast.wtf 🎩
@degencast.eth
what is this "China's chain" you are talking about?
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