Share this article

BSN to Integrate CBDC-Focused Cypherium Blockchain

Cypherium joins Ethereum, Hyperledger Fabric, Tezos and Solana, among others.

Na-update May 11, 2023, 4:09 p.m. Published Okt 14, 2021, 3:54 a.m. Isinalin ng AI

Koi fish. Original public domain image from Wikimedia Commons

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.

Ipagpatuloy Ang Kwento Sa Baba

Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. Tingnan ang Lahat ng mga Newsletter

Sa pamamagitan ng pag-sign up, makakatanggap ka ng mga email tungkol sa mga produkto ng CoinDesk at sumasang-ayon ka sa aming terms of use at patakaran sa privacy.

BSN China Permissioned Blockchains

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.