Xiaomi is among the major smartphone manufacturers in China but has also repeatedly shown that we can do it in other areas that are far from mobile technology. And we talk about pots, pens, appliances and everything that accompanies our daily lives, but the company seems to want to approach the world of cryptocurrencies (an equitable, decentralized and digital currency whose implementation is based on the principles of cryptography to validate transactions and the generation of money itself) following the strategy of Baidu, the Chinese online research giant, which launched a cryptocurrency service beginning of February. But be careful not to confuse everything with the most infamous BitCoin.
And so the Xiaomi service bears the name Jiami Tu that will be translated CryptoBunnies, and that allows users with Xiaomi accounts of iinvest in digital rabbits on a blockchain system that stores transactions for each adoption, although it is not clear at the moment if Lei Jun's OEM is using a public or private blockchain to support this product. Xiaomi declares in the service contract, provided by Beijing Xiaomi Mobile Software Co.Ltd., That to begin with, It will emit only a limited number of digital pets every day, starting from 11: 00, Beijing time. The quantity available day by day, however, was not disclosed. Despite the launch of the service has been done quietly, it seems that users have appreciated the initiative since after only one hour from the beginning all the available CryptoBunnies had already been adopted.
For some, blockchains and cryptocurrencies represent the new generation of the Internet
In the same way Xiaomi has highlighted that the platform prohibits any collection of funds or exchanges of cryptocurrencies through the new collectible CryptoBunnies, a security measure that follows the restitution of China's 2015 to sell coins and cryptocurrencies on preliminary offers and trading. Similar to other blockchain games, CryptoBunnies allows users to collect and breed digital rabbits. Each rabbit comes with a specific set of attributes and is registered in the open and transparent blockchain. Once it is owned by the user, it cannot be copied, modified or destroyed by anyone.
The service marks a growing interest on the part of Chinese companies in the development of blockchain applications like a way to experience the potential of emerging technology and increase user engagement. Xiaomi is currently enrolled in the blockled in Hyperledger consortium supported by Linux Foundation to take advantage of blockchain innovation to improve the company's web options. However if you want to get an idea more you can directly visit the site you find this link.
