Antshares (ANS), one of the oldest open-source blockchain platform developed in China, has seen a massive increase in value over the past week. Antshares; in fact, is a sort of Chinese improved version of the Ethereum blockchain.
AntShares was created by Da Hongfei, CEO of ONCHAIN, a company located in Shanghei responsible for the ongoing development of the Antshares blockchain. ONCHAIN has some very interesting partners such as WINGS, Alibaba, BANCOR and even Microsoft.
Being a chineses developed blockchain with the strain of a language barrier, Anshares wasn't well known to the Western markets until recently. So why the phenomenal upward rally in price? A few reasons are as stated below:
AntShares is very similar to Ethereum which has already established itself as one of the top cryptocurrencies trailing right behind bitcoin.
AntShares has already made several improvements to solve its scalability issues, something Ethereum has yet to accomplish.
Given it's potential and similarity to the Ethereum blockchain, many see it as a good chance to gain huge profits.
AntShares already support more programming languages than Ethereum and this makes it potentially open to a larger commnity of developers.
AntShares just recently held a blockchain conference on thursday June 22, 2017 and has anounced a complete rebrand to NEO! Very exciting news!
With all the new excitement surrounding Antshares; coupled with its tremendous gain in momentum, we can already envision Anstshares as being one of the top cryptocurrency somewhere in the near future!
Sources: bitcoinmagazine, nasdaq, bravenewcoin
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