An Ant causes a sensation - but what is AntShares? A look at the emerging crypt diet from China.
Actually, I wanted to keep in the series "New chains on the block" only the top ten crypts. After a moment of reflection, I thought I would continue this series. Coinmarketcap lists 788 currencies and 136 assets - in principle, there is a lot to do. Seriously: The analysis of currencies that are currently not in the top ten is certainly useful, but ultimately everyone is looking for a currency that is currently underestimated.
One of these currencies is AntShares. The market capital of this currency has risen from $ 11 million to $ 431 million over the last three months, an increase of nearly four thousand percent.
So what is AntShares? And where did the interest in this currency come from?
Anyone who goes to the website of the crypt diet is quickly aware of his country of origin: By default, the language of the website is Chinese, but the content of the main page can also be displayed in English.
However, people who are not powerful in China are faced with a challenge: with the exception of the first information and a white paper on the consensus mechanism, the homepage is written in Chinese. The worldwide community behind AntShares is working on English-language versions of the documentation, but this work has not yet been completed.
When reading the introductory texts, the association "Ethereum in Chinese" comes quickly. AntShares also allows Turing-complete smartcontracts, it is possible to generate various digital valuables on the blockchain and finally is spoken by the AVM - the AntShares virtual machine.
More on the topic: Breathing in China: Bitcoin exchanges are paying off again
AntShares, however, as a simple copy of Ethereum would not do justice to the crypt diet. On the one hand, the project has been working since the middle of 2014. Secondly, the crypt diet has more under its hood: with a special consensus protocol called delegated Byzantine Fault Tolerance, or dBFT, a new token system called econtracts, an identity management system, the possibility of access To other blockchains, the standard implementation of Fiatgeld to name just a few features, makes AntShares an all-rounder in the blockchain area. Associations with Ripple, Ethereum and Lisk are pressing.
Soweit so gut – doch warum sollte sich jemand für die Währung interessieren? Zum Einen sollte man im Hinterkopf haben, dass der Kryptomarkt in China ein sehr großer Markt ist. Da nicht alle des Englischen mächtig sind und dank der Great Firewall of China liegen sicherlich Lösungen aus dem eigenen Land jenen Leuten näher als Blockchains vom anderen Ende der Welt.
Doch es existieren weitere Gründe: AntShares ist Kooperationen mit ziemlichen Giganten am Markt eingegangen, so arbeitet die Kryptowährung mit Microsoft, Alibaba, Wings und Bancor in verschiedenen Projekten zusammen.
Schließlich ist AntShares nicht nur ein System, welches Ethereum zum Teil ähnlich ist, sondern hat schon das Sharding implementiert und so einen wichtigen Schritt in Richtung Skalierbarkeit unternommen.
Insgesamt hat man es also mit einer Währung zu tun, die man im Auge behalten sollte. Wer an dieser Währung Interesse hat, sei natürlich zum Einen auf die Webseite verwiesen, zum Anderen jedoch auf die englische Übersetzung des Whitepapers.
