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Chainlink Designated As Part Of China BSN Development, LINK Price Goes Up

09 July 2020 18:04, UTC
Chainlink Designated As Part Of China BSN Development, LINK Price Goes Up
By Anna Martynova

Before the official launch date, China's ambitious project Blockchain Service Network announced that it plans to integrate the Oracle Chainlink. Consequently, the government and enterprises will be able to incorporate verified data into their BSN applications, while using Chainlink oracles through the IRITA service center.

The statement also said that BSN has already established public city nodes in more than 100 cities in China, making the platform "the world's largest blockchain infrastructure network." Creating, operating and maintaining a blockchain network can cost companies more than $14,000 a year. However, if companies use the BSN platform, the amount can drop significantly - up to $300.

It is worth noting that the native Chainlink cryptocurrency is already among the most successful cryptocurrencies on the market. After the official announcement of Chainlink integration and the launch of the Chinese BSN platform, the asset goes up. A few days ago, LINK was trading at $4.60, then began decisive growth and yesterday the value of the coin already exceeded $5.60. Today LINK overcame the barrier of $6, in three days the value of the asset grew by 37%. At the time of writing, LINK is traded at $6.14.

Image courtesy of Crypto Potato



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