China’s Leading Blockchain Infrastructure Provider Adds Polkadot
- BSN has announced the integration of Polkadot, Oasis, and Bityaun into its network.
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Service Network (BSN), a China-based blockchain infrastructure provider, backed by the Chinese Government announced that it has integrated cross-chain communication blockchain protocol Polkadot, Oasis and a Chinese focused public chain initiative Bityuan into its network.
BSN expanded its blockchain network portfolio with recent additions. Earlier this year, the network onboarded Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term, Tezos, Neo, EOSIO and IrisNet. BSN plans to provide a centralized blockchain framework to bring leading networks under a single roof.
Blockchain Service Network is China’s most ambitious blockchain project as the country plans to lead the digital transformation of the global economy. BSN was originally launched in 2019, but the international version of the network was launched in July this year to allow blockchain developers to build and operate decentralized applications.
The new integration will help Polkadot developers to connect to the public chain of BSN. The cross-chain protocol announced to join BSN’s Open Permissioned Blockchain Initiative as the Chinese regulators heavily scrutinize decentralized public chains.
Oasis and Bityuan
BSN announced that in addition to Polkadot, two other companies (Oasis and Bityuan) are joining the network. Oasis network helps developers build private and scalable decentralized finance applications, while Bityuan is a blockchain solutions provider to Chinese companies. Talking about Oasis Network, Jernej Kos, Director at the Oasis Foundation, said: “The Oasis Network’s privacy features can also create a new type of digital asset called Tokenized Data that allows users to take control of their data and earn rewards for staking it.”
Commenting on the development, Yifan He, Executive Director of BSN Development Association, said: “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.”
Finance Magnates earlier reported about the adoption of Digital Asset Modeling Language (DAML) by BSN.
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term Service Network (BSN), a China-based blockchain infrastructure provider, backed by the Chinese Government announced that it has integrated cross-chain communication blockchain protocol Polkadot, Oasis and a Chinese focused public chain initiative Bityuan into its network.
BSN expanded its blockchain network portfolio with recent additions. Earlier this year, the network onboarded Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term, Tezos, Neo, EOSIO and IrisNet. BSN plans to provide a centralized blockchain framework to bring leading networks under a single roof.
Blockchain Service Network is China’s most ambitious blockchain project as the country plans to lead the digital transformation of the global economy. BSN was originally launched in 2019, but the international version of the network was launched in July this year to allow blockchain developers to build and operate decentralized applications.
The new integration will help Polkadot developers to connect to the public chain of BSN. The cross-chain protocol announced to join BSN’s Open Permissioned Blockchain Initiative as the Chinese regulators heavily scrutinize decentralized public chains.
Oasis and Bityuan
BSN announced that in addition to Polkadot, two other companies (Oasis and Bityuan) are joining the network. Oasis network helps developers build private and scalable decentralized finance applications, while Bityuan is a blockchain solutions provider to Chinese companies. Talking about Oasis Network, Jernej Kos, Director at the Oasis Foundation, said: “The Oasis Network’s privacy features can also create a new type of digital asset called Tokenized Data that allows users to take control of their data and earn rewards for staking it.”
Commenting on the development, Yifan He, Executive Director of BSN Development Association, said: “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.”
Finance Magnates earlier reported about the adoption of Digital Asset Modeling Language (DAML) by BSN.