GetBlock Magazine - What happened? The LayerZero protocol team and blockchain company Conflux Network announced a collaboration on the development of a blockchain-based SIM card (BSIM), previously released by Conflux together with telecommunications operator China Telecom. Thus, BSIM users will be able to transfer assets and messages between networks using LayerZero.
What else is known? LayerZero Labs CEO Brian Pellegrino said the integration with Conflux will allow the protocol to expand its presence in the Asia-Pacific region, which, in his words, "has historically been first in the Web 3.0 space." Pellegrino also added that BSIM aims to reach China Telecom's 390 million users.
Conflux is an open, interoperable and scalable first-level (L1) blockchain that operates on a hybrid consensus algorithm combining Proof of Work (PoW) and Proof of Stake (PoS), providing high transaction speeds and low fees. This is the only open blockchain that meets the requirements of Chinese legislation. Cooperates with the authorities of Shanghai and McDonald's China.$BTC $ETH $USDC #CryptoNews #cryptocurrency #cryptoshark #binance #blockchain
What else is known? LayerZero Labs CEO Brian Pellegrino said the integration with Conflux will allow the protocol to expand its presence in the Asia-Pacific region, which, in his words, "has historically been first in the Web 3.0 space." Pellegrino also added that BSIM aims to reach China Telecom's 390 million users.
Conflux is an open, interoperable and scalable first-level (L1) blockchain that operates on a hybrid consensus algorithm combining Proof of Work (PoW) and Proof of Stake (PoS), providing high transaction speeds and low fees. This is the only open blockchain that meets the requirements of Chinese legislation. Cooperates with the authorities of Shanghai and McDonald's China.$BTC $ETH $USDC #CryptoNews #cryptocurrency #cryptoshark #binance #blockchain