Nearly 40% of Chinese Would Still Invest in Cryptocurrencies, Survey Finds

A recently conducted survey has found that despite the prolonged bear market that saw most cryptocurrencies lose between 80% and 90% of their value, nearly 40% of respondents would still invest in cryptocurrencies if they had spare funds.

According to 8BTC, the survey was conducted by local news outlet PANews, and it found that 82.8% of the polled individuals would consider buying crypto a “trendy investment,” while 40% claim they would like to invest.

While the report doesn’t detail how the survey was conducted, it claims it asked 4,980 Chinese individuals about cryptocurrencies between November 26 and December 10 of this year, and managed to get 4,200 valid questionnaires.

Most Have Heard Of Crypto

Notably, the local news outlet claims it found that 98.22% of respondents had heard of at least one concept related to cryptocurrencies. About 50% claimed to have heard of cryptocurrency, digital currency, or bitcoin, while 42.3% claimed to have heard about blockchain technology.

The concept of a blockchain-based token wasn’t as popular, as only 22.2% heard about it. Among those who claimed to have heard about blockchain technology, 20% had “some knowledge” about it, but most knew blockchain tech at “a relatively surface level.”

Millennials, the report adds, are more familiar with cryptos. As CryptoGlobe covered other surveys have found millennials are into cryptocurrencies, as consultant Capgemini’s World Wealth Report 2018 found more than 25% of High Net Worth Individuals (HNWIs) surveyed “place importance” on getting information about the ecosystem.

The report notably points out that those who responded to the survey were more familiar with cryptocurrency in general than with bitcoin. This, it claims, as cryptocurrencies are, in general, seen as an investment product.

Out of the 14% of respondents who have invested in cryptocurrencies, about 20% only heard about bitcoin, while the remaining 80% heard about top altcoins like Ethereum. Per the survey, Key Opinion Leaders (KOL) appear to play an important role in familiarizing people with cryptocurrencies, as nearly 38% of respondents learned about crypto from online celebrities and the community in general.

About 26%, it adds, found out about crypto from friends and relatives, while mainstream media reports got to 20% of the survey’s respondents.

Investing In Crypto

Out of the who 598 reportedly bought cryptocurrencies, and 60.5% of them were aged 19-28 and invested between $1,450 and $14,500. Most entered the market after last year’s bull run. When asked where they would invest if they had some available funds, 39.6% claimed they would go with crypto.

The most popular answer here were stocks in popular companies and real estate. Interestingly, earlier this year a survey conducted by Get Living, a real estate developer in the United Kingdom, found that 21% of UK millennials would prefer investing in BTC over real estate.

In PANews’ survey, most revealed they would invest in crypto after being influenced by get-rich-quick stories, while nearly 59% said they weren’t investing because of “the complicated procedures when they encounter in wallet use and in crypto exchanges.”

Notably, 63.43% of respondents didn’t see a need to use cryptocurrencies as a payment method, as mobile payment solutions like Alipay and WeChat Pay are “convenient in the country.”

New User-Friendly Explorer for EOS Developers Released By Block.one

Omar Faridi

Block.one, a Cayman Islands-registered firm focused on publishing open-source software for EOS, one of the largest cryptoasset platforms for building and deploying decentralized applications (dApps), have released the EOSIO Explorer.

Improving Developer Experience With New Web-based Explorer

As explained in a blog post published on May 21st, 2019 by Block.one, the EOSIO Explorer is a new web-based graphical user interface (GUI) which has been designed to “improve the developer experience.”

According to Block.one, the newly developed Explorer will make it easier for EOS software architects to “interact [with] and monitor” dApps being built on the zero-fee smart contract platform.

“Easily Explore Blocks In Their Development Nodes”

As noted in EOSIO’s blog, developers had been using a command-line interface (CLI)-based software tool kit to manage EOS-based apps. Although the CLI provided a “functional” environment for developers, Block.one’s blog explained that working through a CLI is not user-friendly. It is also more difficult for developers who may not have enough experience working in more traditional CLI environments, Block.one’s management stated.

According to Block.one:

Using the EOSIO Explorer and their browser, developers can now easily explore blocks in their development nodes, create and manage their development accounts and keys, [and] quickly generate new transactions or resend transactions sent previously.”

Designed To “Reduce EOSIO App Development Time”

The developers at Block.one also mentioned that uploading smart contracts through a “graphical drag-and-drop interface” will make it more intuitive to create dApps on EOS

As noted in Block.one’s blog, the latest web-based software tools have been created to help developers ”reduce EOSIO app development time through a number of ways and makes EOSIO smart contract development more accessible to a diverse cohort of developers.”

New SDKs Supporting Java And Swift Programming Languages

Notably, Block.one has also released new software development kits (SDKs) to support Java and Swift programming languages on the EOS blockchain.

Per Block.one's development team:

The tools [have] been built with developers and development teams in mind, supporting both smart contract developers and front-end EOSIO app developers. Teams are able to work together using the EOSIO Explorer via the local single-node testnet that the tool provides.