Baidu releases a public beta of its new cryptocurrency

On Tuesday, Baidu has just released its own cryptocurrency called “Xuperchain“.

The whitepaper, the blockchain-based network is capable of supporting more than 10,000 transactions per second.

Reports state that the Xuperchain network is compliant within China and is decentralized, using a series of masternodes to run the network. The whitepaper also shows Baidu has more than 50 patents for the blockchain platform.

The code for Xuperchain can be found on GitHub and acts very similar to Ethereum. Xuperchain also has its own block explorer where you can look at the networks transactions.

This article is not intended to be financial advice. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Crypto Block does not provide investment, tax, legal, or accounting advice.

As always, do your due diligence before investing, and never invest more than you can afford to lose.

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