Free Porn
HomeBlockchainChina's BSN partners with TON Labs to utilize Telegram blockchain

China’s BSN partners with TON Labs to utilize Telegram blockchain



TON Labs and China’s Blockchain-based Service Network are collaborating to build applications on the Telegram-built TON protocol.

According to an announcement issued on Monday, the partnership grants BSN developers access to TON technology.

As with other instances of adapting public networks to the BSN China infrastructure, TON Labs will adapt the Telegram-built TON protocol to suit the demands of Chinese regulations. Hence, the TON network implementation on BSN China will be an Open Permissioned Blockchain or OPB version.

According to He Yifan, CEO of Red Date Technology — a founding member of the BSN — Chinese developers will be looking to the low latency, scalable TON blockchain as a suitable base layer for developing useful applications.

For TON Labs, the collaboration with the Chinese blockchain infrastructure project will help to increase developer activity on the TON protocol, bringing more value to the project.

Commenting on the potential benefits of the collaboration for both partners, TON Labs CEO Cyril Paglino remarked that it was a testament to the possibility of creating useful alliances between decentralized and centralized enterprises, adding:

“It’s a creative approach to send a strong message that a company, a country, a people, even when facing certain statutory hurdles, can still find a way to use technology earmarked for everyone on the planet despite whatever localized mandates there may be, and while remaining in total compliance, vis-a-vis, adoption.”

As previously reported by Cointelegraph, despite Telegram abandoning the TON blockchain following regulatory pushback on its Gram token project, the technology underpinning the project continues to survive. Instead of being run by the messaging app service, the protocol is now community-owned under the aegis of the Free TON network.

TON is the latest public blockchain to make a splash on the permissioned BSN China. Given the strict regulatory environment in China, the BSN project has two main implementations — BSN China and BSN International.

Back in February, Cosmos became the first public blockchain to be added to BSN China.


Source link


Cardano faces $1.60 resistance after ADA price hits 2-month highs

Cardano's ADA token came close to its highest in two months on Aug. 10 as daily gains neared 6%.Data from Cointelegraph Markets Pro and...

Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs

Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest...
[td_block_social_counter style="style8 td-social-boxed td-social-font-icons" facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" custom_title="Follow us" block_template_id="td_block_template_11" border_color="#fbb03b" f_header_font_size="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==" f_header_font_weight="600" f_header_font_family="702" f_header_font_transform="uppercase" tdc_css="eyJwb3J0cmFpdCI6eyJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsInBob25lIjp7Im1hcmdpbi1ib3R0b20iOiI0MCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3NjcsImFsbCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn19"]

Most Popular