Share this article
BTC
$107,432.20
+
0.22%ETH
$2,434.07
+
0.16%USDT
$1.0001
-
0.01%XRP
$2.1818
-
0.03%BNB
$648.44
+
0.09%SOL
$151.03
+
0.64%USDC
$0.9998
-
0.00%TRX
$0.2758
+
0.70%DOGE
$0.1639
+
0.49%ADA
$0.5587
-
0.77%HYPE
$38.08
+
1.20%WBT
$46.64
-
1.11%BCH
$491.71
-
0.17%SUI
$2.7944
+
1.09%LINK
$13.33
-
0.08%LEO
$9.0261
-
0.36%AVAX
$18.03
+
0.83%XLM
$0.2353
-
1.04%TON
$2.8771
+
1.22%SHIB
$0.0₄1152
+
0.19%BSN to Integrate CBDC-Focused Cypherium Blockchain
Cypherium joins Ethereum, Hyperledger Fabric, Tezos and Solana, among others.
Updated May 11, 2023, 4:09 p.m. Published Oct 14, 2021, 3:54 a.m.
China’s Blockchain Services Network is integrating the Cypherium blockchain into its platform, 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 the Ethereum, Hyperledger Fabric, Tezos, ConsenSys Quorum and Solana blockchains, among others. The network runs through cloud-based city nodes in China and abroad. The platform is split into a Chinese version and an overseas version.
- Cypherium is a layer 1 permissionless protocol that promises to enable exchanges of central bank digital currencies, stablecoins and cryptocurrencies like bitcoin. Being permissionless, it allows anyone to participate in its governance. That will likely be changed when it is integrated with the Chinese version of the BSN, which allows for only “open permissioned” chains to comply with Beijing’s regulations.
- Red Date Tech, the firm building the BSN, is reportedly working on its own CBDC and stablecoin-oriented blockchain.
- Earlier this week, the BSN’s architect announced it is launching access portals in Turkey and Uzbekistan.
Read more: China’s BSN Builder Is Registering a Nonprofit in Singapore to Manage International Arm
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
Eliza Gkritsi
Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI, having previously covered mining for two years. She previously worked at TechNode in Shanghai and has graduated from the London School of Economics, Fudan University, and the University of York. She owns 25 WLD. She tweets as @egreechee.
Top Stories
