Remember when over a year ago everyone was speculating that China might finally change its approach to cryptocurrencies? Well, that was quite an interesting market observation. Back then, everyone was watching how Chinese cryptocurrency could develop if regulations loosened.

At that time, I paid attention to a few projects that actually made sense. I wasn't looking for quick profits but rather for technical solutions that could have real potential. I reviewed some leading initiatives, and something caught my interest.

Conflux was the first thing that caught my eye. The project uses the Tree-Graph algorithm, which allows it to process about 3,000 to 6,000 transactions per second. That's quite solid throughput. The CFX token is needed for fees, staking, and governance. Interestingly, it’s backed by a team of experts with significant scientific achievements. ShuttleFlow enables resource transfers between different protocols, which is useful for interoperability.

Filecoin, on the other hand, is something different. A decentralized data storage network—an idea that makes sense, especially regarding security and independence. Data is distributed across many nodes, reducing risk. Support from Chinese venture funds showed that local players saw potential in this.

Neo is a classic. Originally Antshares, launched in 2014. People often compare it to Ethereum, but from the perspective of the Chinese market. The project had government support, which was significant for its positioning at the time. Smart contracts, digitization of assets—these were the main principles.

Looking back at those discussions about Chinese cryptocurrency and potential regulatory changes, I see that the market indeed responded to those signals. Regardless of how things turned out, these projects showed that innovation in blockchain doesn’t wait for perfect conditions—it happens regardless of what regulators do.