Categories: News

China’s national blockchain project adds Polkadot support

The Blockchain Service Network integrates three more major blockchains.

Chinese government-backed blockchain initiative, the Blockchain Service Network, or BSN, is introducing support for another batch of major blockchain protocols. On Nov. 26, it announced that it will integrate Polkadot, Oasis and Bityaun into its ecosystem on Nov. 30.

Polkadot’s blockchain protocol is designed to connect multiple specialized blockchains into one unified network. Polkadot also enables processing of numerous transactions on several chains in parallel, bringing another level to its network capacity. Oasis specializes in private and scalable decentralized finance tools, while Bityuan is a blockchain solutions provider to Chinese companies.

Yifan He, CEO of Red Date Technology and executive director of the BSN Development Association, reportedly said that the Bityuan framework is becoming increasingly popular in China, stating:

“I am seeing commercial use cases built on the Bityuan framework are surging in China recently. I believe with this integration BSN will get developers around the world to be excited about building dapps that are enterprise-based and commercial oriented.”

The latest blockchain addition represents the third batch of blockchain protocols supported by the BSN network. Piloted in 2019, the BSN rolled out its first set of blockchains including Ethereum and EOS in August 2020, with other networks like Algorand coming as part of the second batch.

As previously reported, the integration of new blockchain protocols allow global developers to access a certain network through the BSN’s global public city nodes and portals. In order to deploy and manage their own permissioned chains on the BSN International, developers should create an account on the official website.

[…]
Learn more

crypto

Leave a Comment

Recent Posts

Mt. Gox Bitcoin Movements: Market Impact and Ex-Client Risks

The defunct cryptocurrency exchange Mt. Gox is making waves again, this time with huge Bitcoin…

5 months ago

Taproot Assets: Revolutionizing Bitcoin’s Lightning Network

Lightning Labs, a leading developer in Bitcoin's Lightning Network ecosystem, has launched a groundbreaking protocol…

5 months ago

Whale With Ethereum Foundation Link Transfers 92,500 ETH Worth $288M 

According to onchain data, a significant whale holding over 92,500 ether moved the funds to…

5 months ago

Discover the Skinny Bob MemeCoin: NFTs, Multi-Chain, and Cosmic Humor

🛸Inspired by the internet's favorite extraterrestrial, Skinny Bob MemeCoin is revolutionizing the cryptosphere across multiple…

5 months ago

Uncovering the Risks of NFTs for Creators and Buyers

NFTs, or non-fungible tokens, are transforming various industries, including art, music, sports, and real estate.…

5 months ago

Proton Technologies AG Unveils Open Source Bitcoin Wallet

Proton Technologies AG, the Swiss company renowned for its encrypted email and VPN services, has…

5 months ago