CJ - Cryptocurrency Enthusiast
A version of the well-known distributed ledger technology that is targeted at international markets and won't make use of cryptocurrencies like Bitcoin or Ethereum is being developed by China's Blockchain-Based Service Network (BSN).
He Yifan, the CEO of Red Date Technology, announced that the BSN Spartan Network, a new blockchain, is scheduled to release its beta version on August 31. After making its official debut in 2020, the BSN's main objective is to offer a global public infrastructure for launching and running all types of blockchain-distributed apps. It also aims to make blockchain technology more available and inexpensive for organizations and enterprises around the world, helping China take the lead in the industry over the next ten years.
However, there are significant concerns about the technology's reliability. "If you don't trust us, verify the code," Yifan said, attempting to ease people's anxieties. People may be apprehensive, he recognizes, because most public blockchain operators prefer to work with cryptocurrencies.
Yifan claimed that he approached roughly 60 public chains and asked them to join him in creating a non-crypto chain. "However, all they worry about is how many new individuals will come in and buy tokens," says one source.
All BSN transaction fees will be paid in fiat currency, such as the US dollar, and the BSN aims to support USD Coin as well.
Jehan Chu, the founder of Kinetic Capital, indicated at the BSN Summit on May 24 that the future Spartan Network might be "especially appropriate for the poor world." Africa, South America, and South Asia might all be included.
To learn more about how blockchain technology works, we recommend buying Bitcoin online here at BCBitcoin – a cheap cryptocurrency exchange platform that offers a variety of services that also include crypto asset management and live customer support 7 days a week. By attempting to buy cryptocurrency you will be tempted to learn more about the blockchain technology, especially if you are looking to store crypto coins safely within a personal wallet.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
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