China's blockchain service network announces Cosmos integration
China's blockchain service network announces Creation integration
Cosmos becomes the first public blockchain to exist added to the China-only version of the Blockchain-based Service Network.
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Tweeting on Monday, the Blockchain-based Service Network — Mainland china'southward blockchain infrastructure project — announced that information technology had adjusted Cosmos (ATOM) to its Chinese network. The Chinese BSN, unlike the international version, merely supports permissioned enterprise blockchains.
Thus, the Cosmos integrated to the Chinese-only BSN is an Open Permissioned Blockchain, or OPB, version called Wenchang Concatenation. The hybrid was developed by Chinese blockchain startup Bianjie which is also the company behind the development of IrisNet.
Dorsum in September 2020, IrisNet was among a raft of public networks added to the BSN International ecosystem along with other chains such as Ethereum, Tezos, Nervos, Neo, and EOSIO.
Later in the month, the cantankerous-deject, cantankerous-framework, and cross-portal infrastructure projection also added other public blockchains like Solana, Algorand and ShareRing.
BSN has too previously stated its plans to integrate up to 40 public blockchains before the end of the Summer.
Given the BSN'south stated goal of promoting permissioned blockchain interoperability, the Cosmos integration might be a significant step in achieving that aim. Cosmos every bit a multi-chain ecosystem is focused on cantankerous-concatenation value transfer for both digital assets as well as information.
However, the demand for a permissioned version of the multi-chain protocol is in keeping with Red china'south regulatory environs which even applies to the BSN China and BSN International dichotomy.
Back in Jan, Cosmos rolled out its Inter Blockchain Community protocol for the programmer customs as part of a new Stargate software development kit.
Equally previously reported past Cointelegraph, Cosmos is already pioneering developmental work geared towards expanding the emerging decentralized finance arena beyond Ethereum. In mid-2020, Kava launched on the Cosmos blockchain assuasive users to stake Binance Coin (BNB) and earn its USDX stablecoin.
Cosmos is also seeing adoption outside of the DeFi space with Microsoft recently purchasing soil credits via Regen Network which is built on the Cosmos blockchain.
Source: https://cointelegraph.com/news/china-s-blockchain-service-network-announces-cosmos-integration
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