LOGO_CRYPTO_SIGHT

China’s Countrywide Blockchain Initiative Rolled Out Support For New Batch Of Protocols

By Emily Rys | November 27, 2020
thecryptosight-china-crypto-project-is-ready-to-be-introduced-central-bank-claimed

Blockchain project supported by the Chinese authority – the Blockchain Service Network (BSN) – is reportedly rolling out facilitating features for an additional group of major blockchain protocols. 

Specifically, on November 26th, the BSN reportedly disclosed its initiative to finalize the integration of Polkadot, Oasis and Bityaun into its ecosystem, tentative date to be November 30th. 

Polkadot’s blockchain protocol was reportedly built with a goal to establish a connection among different specialized blockchains, into one unified network. 

Polkadot additionally offers facilitating power for the process of several transactions across different chains simultaneously, offering a different level to its network capacity.

Oasis is reportedly focused on offering private and scalable decentralized finance solutions, while Bityuan specializes in offering blockchain solutions to China-based companies. 

Yifan He – Head of Red Date Technology and executive director of the BSN Development Association – reportedly remarked that the Bityuan framework is gradually gathering popularity in China. 

“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 newest inclusion for blockchain reportedly features the third group of blockchain protocols facilitated by the BSN network.

Tags: , ,

Related Articles

Comments