On Friday, CasperLabs, a blockchain software firm, announced a partnership with China’s Blockchain-based Service Network (BSN). Through the agreement, which has been minted as a nonfungible token (NFT) as a sign of commemoration, Casper Network will be added as the blockchain of choice to the Fuzhou City Chain for use in public and private crypto infrastructure developments in the region — dubbed “Fuzhou Chain powered by Casper.” RockTree Capital, an investment company based in New York, played a critical role in bringing forward the agreement between Casper and the city of Fuzhou.
As told by stakeholders, the partnership’s main goal is to enable BSN to gain from Casper’s scalability, security and decentralization as well as the use of the open-permissioned blockchain (OPB) protocol to eliminate the need for using cryptocurrencies to pay for gas fees. Since its launch in 2019, BSN has expanded to more than 120 public city nodes across China, serving as data centers running and processing transactions on its umbrella blockchain networks.
Mrinal Manohar, co-founder and CEO of CasperLabs, said of the development:
“Casper ile ortaklık kurarak BSN, Casper'ın ölçeklenebilirliğinden, güvenliğinden ve ademi merkeziyetçiliğinden faydalanıyor. OPB kullanımı, gaz ücretlerini ödemek için kripto para birimlerinin kullanımını ortadan kaldırır. Hepsi bir araya geldiğinde, bu, Fuzhou ve çevresindeki geliştiricilerin daha düşük maliyetle genel ve özel blok zinciri uygulamaları oluşturmasını çok daha basit hale getiriyor.”
Source: https://cointelegraph.com/news/casperlabs-to-become-blockchain-of-choice-for-the-city-of-fuzhou-china