Going Beyond Borders: The Scriv Network Expansion Into Chinese Market


Breaking a geographical barrier in the cryptosphere is generally a big deal considering the many regulatory suffocation currently meted on cryptocurrencies and blockchain innovations worldwide.

The wide desire of every blockchain invention is to gain acclaimed recognition and acceptance in all Nations of the world so as to truly exercise the mantra of its existence which is to establish a true independence, flexibility and outright user control in the niche they plan to dominate.

Gaining acceptance in particular crypto hotspots of the world (such as The United States of America, China and Japan) is another credence that boost investors confidence in any blockchain offering available.

The SCRIV Network in retrospect

The SCRIV network is a blockchain innovation launched in March 2018. The network has a vibrant developer team headed by Lova. The SCRIV network has four active ecosystems highlighted below;

SCRIV Coin:

this is the native coin of the SCRIV ecosystem. SCRIV is a utility coin that would be attributable to a variety of functions in the data assurance services based on its own blockchain.

SCRIV coins versatility would enable it to be used as a payment method for services rendered by the SCRIV network such as Masternode services and the Universal mining software. The SCRIV coin is currently valued at $0.0023093484 and has 58,915,355 total coin supply

Data Assurance:

The SCRIV network borders solely on data assurance services. The SCRIV data assurance has four focus areas including Document Timestamping which is useful for legal applications where determining the originality of any data is highly valuable, Demonstrating Data Ownership Without revealing the Actual Data which proves highly valuable to digital content creators, the third focus area is in Verifying documents integrity.

Documents such as contracts when registered on the SCRIV network would present a limitation in changing the content except with the consent of both parties involved in the contract. The SCRIV data assurance service also helps Prevent Unwanted Duplication and Overwriting, it is able to achieve this ingenious feature in conjunction with the IPFS network.

Stack of Stake:

The SCRIV network Stack of Stake feature is a unique instant shared masternode service. It affords anyone the opportunity to receive passive income without the difficulty, hassles and costs associated with setting up your own mining rig.

The SCRIV stack of stake offering offers a full automation, enterprise grade, best project listing and a referral system that guarantees instant reward.

The Universal Miner:

the SCRIV network universal miner is a cross-platform client server application that helps to automate the managing and monitoring of CPU, GPU, PFGA and ASIC mining farms. This universal miner presents a universal solution which allows for a super-fast and simple installation. The Universal miner has the following cryptographic features:

  • Profitability Switching
  • Multiple Mining Algorithm
  • Embedded Exchanges
  • Pool management
  • Hardware and
  • Notifications

SCRIV offering to Chinese Markets

The SCRIV network in early May was listed on the FEX Exchange, a Chinese (Hong Kong) based cryptocurrency exchange. While this marks a major landmark in SCRIV push to penetrate major crypto hubs, a concern arise in how well the coin would fare on the exchange.

China remains a densely populated country in Asia, it’s a noticeable leader in technological development and advancements but this tag is not in tandem with cryptocurrencies and other Blockchain initiatives. The Chinese government has hostile policies on cryptocurrency activities and currently, the acceptance of Bitcoin is at a very low ebb in china when compared to other crypto hotspots in the world.

The trading of cryptocurrencies is still proclaimed illegal in China but few exchanges are still out their serving the needs of crypto-believers.

While contemplating the possible offering of the SCRIV network, we can be rest assured of a steadily growing coin whose data assurance products would be invaluable to the Chinese people so we can remain hopeful about the growth of the Coin on FEX Exchange.

Conclusion

Chinese markets are hostile for new cryptocurrencies to thrive considering the fact that Bitcoin, the master of all digital currencies fell out of favor with the Chinese government since 2013.

The current trading of cryptocurrencies on selected exchanges is based on the premise that any listed coin has something tangible and relatively ingenious to offer. SCRIV listing on FEX Exchange is a step in recognizing the uniqueness of this Blockchain backed Data Assurance Technology.

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