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CasperLabs to become blockchain of choice for the city of Fuzhou, China -Breaking

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© Reuters.

CasperLabs, a blockchain technology company, announced a partnership to China’s Blockchain Service Network. 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. BSN was launched in 2019 and has grown to 120 nodes located across China. These data centers are responsible for processing transaction on the umbrella blockchain networks.