first published on Core Media on 2017.04.27
The first cryptocurrency developed in Japan, Monacoin, has surpassed the SegWit activation threshold.
Born from the depths of 2ch, Japan's most popular text board, in the December of 2013, the Monacoin community has become the backbone of the cryptocurrency community in Japan. As a result of SegWit's activation, hopes for further developments, including some off-chain solutions, are beginning to rise within the Monacoin community.
Moreover, the perception of cryptocurrency by the Japanese public is gradually improving, thanks to the involvement of big businesses and the Financial Services Agency. Now that there are proper venues for registration, cryptocurrencies can be officially recognized by the government, which helps to significantly reduce the barrier to entry to crypto for Japanese developers. With this combination of new and existing crypto develope