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Alibaba states that a new P2P platform is not encrypted

Following recent reports that the Chinese e-commerce conglomerate Alibaba has launched its own platform Cryptocurrency mining, the company issued a statement on Tuesday, Jan. 16. denying that his platform is related to virtual currencies or their mining.

According to the official statement, published on the Weibo microblogging platform, the platform recently launched by Alibaba & # 39; P2P Nodes & # 39; has been wrongly reported as cryptocurrency.

The statement further clarifies that the platform is actually a P2P (peer-to-peer) content delivery service provided by Alibaba Cloud designed to allow users to improve the speed of their network by sharing

P2P nodes give users points for validating data on their network, a concept that might look like the way bitcoin miners get bitcoins for processing transactions

However, according to the statement of Alibaba, the points in the P2P nodes are not cryptocurrency, can not work as a currency and can only be exchanged in the platform's own shop.

The statement of the company reads as follows:

"We reaffirm that Alibaba Cloud has never issued Bitcoin type virtual currency and that it will not harbor any mining platform "


Amidst the ongoing reports of Alibaba's new" mining platform ", the website P2P Nodes is no longer online, according to the CnLedger news agency.