A new Chinese digital money service platform, 58coin.com, has attracted plenty of attention after their mining pool featured prominently over the last week, mining 49 blocks. The website has 269 PH/s hashrate, which is a 2.60% share of the bitcoin network's total hashrate. We went to find out more about this new kid on the block… so to speak.
Founded by Qing Yi, 58coin is a global leading digital money integrated service platform developed and operated by an international professional team dedicated to leading the technology innovation in the blockchain and promoting the development of the blockchain industry and providing global users with safe, professional and integrity digital money comprehensive services . The 58coin business has fully covered many areas such as digital currency and blockchain. Features on the platform include,
- Currency trading – Trading for global users to buy and sell Bitcoin, Litecoin, Ethereum and various other digital currencies, including peer-to-peer transactions
- Calculated trading – 100% real power, professional operation and maintenance, to provide users with the power of buying and trading services
- Digital currency purse – Hot and cold separation of multiple signatures, to provide users with safe, convenient and other digital currency storage solutions
- Blockchain technology application – Providing financial, medical, e-commerce, Internet of Things, smart city and other multi-sector blockchain solutions
- Financial security – With cold wallet & multiple signatures, senior financial risk control experts throughout the risk control
- Technology ahead – Self-developed cluster memory matching system, 24/7 stable operation without downtime
- Quantitative support – Rich API interface to help users customize the trading strategy Support IOC, FOK and other trading orders
- Service Center – 24/7 professional customer service online multilingual customer service
58Coin will be adhering to the “customer first, integrity professional, pioneering and innovative, the pursuit of excellence,” the values of tempering forward. 58Coin believes that digital currency and blockchain technology will reshape the future. With continuous innovation in blockchain technology, 58Coin will contribute its own strength to the research and application of cryptocurrency and blockchain engineering.
Their long-term vision is to become a leader in global digital services industry and provide safe, professional and trusted platform for digital money integrated services. It will be interesting to see if we have a new big Chinese player in the hashrate wars.