Baidu Releases Xuperchain Cryptocurrency – Product Release & Updates

Renowned Chinese internet company Baidu has announced the launch of its cryptocurrency.

Its name is Xuperchain. According to reports, the cryptocurrency network agrees with the rules, standards, and requirements of China.

Also, the network makes use of a series of masternodes to run the network. Thus, giving hints that it isn’t decentralized, albeit falling into the category of high-performance blockchains.

What does the whitepaper say?

The Chinese internet company also released a whitepaper about the cryptocurrency. The details revealed that the blockchain-based network has the capacity to support more than 10,000 transactions per second.

Besides, the document revealed that Baidu holds more than 50 patents for the blockchain platform.

The Xuperchain whitepaper also stated its plan to play a pivotal role in modernizing China’s capacity for governance. The document mentioned how the company can help China overtake other countries in the development of blockchain technology….