Everscale Bolsters Blockchain Innovation in China With BSN

BEIJING - March 1, 2022 - PRLog -- EverX, a global blockchain software firm, has officially launched the Open Permissioned Blockchain (OPB) protocol in partnership with Blockchain-based Service Network (BSN). The partnership was first announced in March 2021, granting BSN developers access to Everscale technology, known globally as the most scalable and secure protocol, which recently set the world record with 54K TPS in a real-world decentralized environment.

Everscale's city nodes, located in Guangyuan, will support blockchain development in the region. The Guangyuan Chain will provide blockchain developers with easy access to the powerful capabilities of the BSN OPB by paying for gas fees with fiat currency rather than cryptocurrency.

Yifan He, CEO of Red Date Technology and the Executive Director of BSN Development Association, said, "We are excited to work with Everscale and empower our developers with more underlying framework choices to develop on the BSN. We believe the integration will help usher a new chapter of blockchain application in China supported by the low latency and scalability of Everscale."

The most fundamental innovation of Everscale is that it solved the scalability challenge without compromising security or decentralization. Thanks to its unique multithreading, Everscale delivers very high throughput levels and recently exhibited comfortably operating at up to 65,000 smart contract executions per second. This can scale further by adding more validators and infrastructure. Scalability is becoming critical as we see the increasing load on blockchain networks thanks to the explosion of DeFi, NFT and other applications. Scalability is becoming critical as we see the increasing load on blockchain networks thanks to the explosion of DeFi, NFT and other applications.

By introducing the Everscale Network's unique combination of scalability, security, and decentralization to the BSN, the Chinese community will benefit from what Everscale provides technologically. Chinese developers will now be able to produce NFT applications and use cases that require a scalable backend in compliance with China's regulatory framework while still using an inherently decentralized network.

Alexander Filatov, CEO and Co-Founder of EverX commented on the launch:

"By partnering with EverX, the BSN leverages Everscale's scalability, security, and decentralization while developers in and around Guangyuan Chain can build public and private blockchain applications at a lower cost."

About Everscale Network

https://everscale.network is a unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. Everscale is based on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.