Blockchain Services Network (BSN) has partnered with blockchain technology company EverX.
On March 7, 2021, Blockchain Service Network (BSN) and blockchain technology company EverX (formerly TON Labs) reached a cooperation to officially launch the BSN open alliance chain based on Everscale technology and named it Guangyuan Chain. Guangyuan Chain is exclusively operated by the Chinese partner Fangshi, which will provide BSN developers with Everscale’s extremely scalable and secure blockchain technology. It is worth mentioning that Everscale technology has also set a record of processing 540 million transactions per second.
The Blockchain Service Network (BSN) is jointly initiated by the State Information Center, China Mobile, China UnionPay, and Beijing Red Date Technology. By transforming the internationally renowned public chain into a consortium, BSN makes it an open consortium chain that complies with Chinese laws and regulations and can be regulated, so that it can better empower the development and application of blockchain. Like all BSN consortium chains, Guangyuan Chain only supports RMB recharge for its gas fee.
Founded in May 2018, EverX brings together many experts in the development of decentralized applications around the world, and is also the core development team of the Everscale network – a decentralized, community-driven blockchain and its main component, Ever OS. As the core development team of Everscale, EverX is dedicated to optimizing the development of blockchain applications for the global community and enterprises.
He Yifan, CEO of Red Date Technology and Executive Director of the BSN Development Alliance, said: “We are delighted to cooperate with Everscale and provide our developers with more choices of underlying frameworks for developing on BSN. We believe that the low latency and scalability of Everscale’s With the support of the nature, this cooperation will help to open a new chapter of blockchain application in China.”Everscale’s most fundamental innovation is to solve scalability without compromising security and decentralization. The throughput of the Everscale network is very high due to its unique multi-threaded framework. It has recently achieved 65,000 smart contract executions per second, and can be further scaled by adding more validators and infrastructure. Due to the explosive growth of DeFi, NFTs, and other applications we see increasing load on blockchain networks, scalability becomes critical.
By introducing the scalability, security, and decentralization of the Everscale network to BSN, the Chinese community will benefit from Everscale’s technology, and Guangyuan Chain will provide developers with new technical solutions that enable application scenarios.
Alexander Filatov, CEO and co-founder of EverX, said: “By partnering with EverX, BSN leverages Everscale’s scalability, security, and decentralization technologies to help developers in and around Guangyuan Chain at a lower cost. Build various blockchain applications.”
Based on a platform called Ever OS, Everscale is managed by a decentralized community, capable of processing millions of transactions per second, and has Turing-complete smart contracts and a decentralized user interface. It is unique in that it proposes to build a scalable decentralized world computer with a distributed operating system.
Everscale proposes some new blockchain properties and concepts, such as dynamic multi-threading framework, soft majority consensus and distributed programming, which make Everscale scalable, fast and secure at the same time.
Everscale has powerful developer tools such as Solidity and C++ compilers, SDKs and APIs that are portable to over 20 languages and platforms.