Ethereum’s Billionaire Co-Founder Bullish on the Chinese Cryptocurrency Sector, Lists Qtum and VeChain

In an interview with Bloomberg on June 22, 2018, Di Iorio expressed his thoughts on the cryptocurrency market and specified two Chinese projects as his investments.

Di Iorio stated:

“The biggest stake for me is in Qtum and VeChain right now, the two Chinese projects. There’s much more opportunity in newer ones if you can identify them.”

The Ethereum-based Qtum is the world’s 20th largest blockchain project, according to CoinMarketCap, and aims to provide a resilient platform which combines Ethereum’s smart contract protocol with Bitcoin’s robustness. The project was founded in 2016 by Patrick Dai, and uses a proof-of-stake consensus, to rewarded node validators.

Shanghai-based VeChain focuses on financial services, supply chain management, and smart contracts. Interestingly, VET was the first cryptocurrency to create a disaster recovery plan and the first to partner with the Chinese government. With a valuation of $1.7 billion, VeChain is the world’s 17th largest cryptocurrency project.

 

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