Huobi’s ECO Chain is a public blockchain that provides developers with a low-cost onchain environment for running decentralized apps (dApps) of smart contracts and storing digital assets.Cooperate
The interests of regulators and enterprises are served
Huobi Chain includes a flexible management model that supports both the interests of regulators and enterprises. The platform is based on a proof-of-stake (PoS) consensus mechanism and allows regulators to participate in the network through specific nodes.
Support of KYC and AML requirements
The implementation of KYC and AML support is complemented by a decentralized identifier system to provide verifiable digital identifiers.
Assets issued by Huobi
(unique service token of the network)
“With Huobi Chain, we want to provide a decentralized structure that promotes industry-wide collaboration, which is critical to the widespread adoption of DeFi.”
Huobi Group Vice President of Global Business Ciara Sun
The decentralized finance industry is growing rapidly. In February, assets in DeFi apps exceeded $1 billion against the background of ETH growth, and according to Dapp.com, transactions in decentralized apps reached $10 billion in 2019.
The Huobi ECO Chain architecture is designed to support high-volume transactions required by financial services, while its asset management features ensure interaction between assets and blockchains. The platform was designed to interact with a wide range of centralized and decentralized networks by supporting user-deployed smart contracts and third-party side chains.
Huobi exchange is among the largest crypto exchanges; ranked third on coinmarketcap.com, trailing only Binance and CoinbasePro. The Huobi Group includes a number of subsidiaries working in 12 countries around the world and has a staff of 1,300-plus people. More than 130 million crypto traders and investors already have become customers of Huobi. The exchange is among the leaders of the cryptocurrency market and has no security or reliability issues.