China’s Blockchain Services Network integrates the Cypherium blockchain, according to a press release shared with CoinDesk.
- The BSN is a platform where developers can access development tools and deploy their decentralized applications. It has so far integrated Ethereum, Hyperledger Fabric, Tezos, ConsenSys Quorum and Solana, among others. The network runs through cloud-based urban nodes in China and abroad. The platform is divided into a Chinese version and a foreign version.
- Cypherium is an authorization-free Layer 1 protocol that promises to enable the exchange of central bank digital currencies, stablecoins, and cryptocurrencies like bitcoin. Without permission, it allows anyone to participate in its governance. This will likely be changed when it is incorporated into the Chinese version of the BSN, which only allows “open authorized” channels to comply with Beijing regulations.
- Red Date Tech, the company that builds the BSN, would be job on its own CBDC and stablecoin oriented blockchain.
- Earlier this week, the architect of BSN announced the launch of access portals in Turkey and Uzbekistan.
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