While the country remains unfriendly towards traditional cryptos, it needs to expand on BSN tech.
With the addition of Cosmos, the BSN will make great advances when it comes to interoperability.
While China is known for being extremely supportive of blockchain technology, the same cannot be said for cryptocurrencies. Still, there are some projects that are exceptions from the rule, such as Cosmos (ATOM), which is expected to be integrated into China’s Blockchain Services Network (BSN).
China’s BSN project will support Cosmos (ATOM)
China’s BSN recently revealed the intention to add support for Cosmos (ATOM) to its platform, whose primary purpose is to push blockchain adoption in the country. However, another goal that the project has is to work on bringing interoperability among numerous private chains.
Date
04/02/2021
Digital Asset, the creators of the open source smart contract language called Daml, today announced the company experienced strong 2020 momentum, including strong user community growth, customer and partner expansion, and technology advancements. The milestones reflect the rising demand for Daml as more businesses worldwide realize the cost- and time-saving benefits of creating interoperable applications that can run across any traditional database or distributed ledger technology like blockchain.
Daml is an open source smart contract language used by developers to write and deploy full-stack, distributed applications for DLT, blockchain, or databases in days. It is purpose-built to support multiparty business workflows in any industry with widespread adoption in finance CBInsights, ranked Daml as one of the 10 most popular Distributed Ledger Technology (DLT ) networks to build capital markets infrastructure services and growing interest in healthcare, sup
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