United States, Dec. 11, 2020 /AlexaBlockchain/ – Huobi Group has announced a limited early access to Huobi ECO Chain (Heco).
Huobi ECO Chain (Heco) is an EVM-compatible public chain that provides blockchain developers with an efficient and low-cost on-chain environment for decentralized applications (dApps), smart contracts, and digital assets. Starting Dec. 10, 2020, developers will have early access to Heco’s test environment to build and experiment on the chain ahead of its upcoming public testnet launch on December 21st.
Heco is the first product launched on Huobi Open Platform, a unified blockchain infrastructure platform independently developed by Huobi’s technical team. As a fully decentralized, high-efficiency chain, Heco was purpose-designed to support high-performance transactions and provide smart contract compatibility, enabling high throughput, low latency, security, and stability.
Ciara Sun, Vice President, Global Business at Huobi Group, said:
“By introducing our own technical blockchain infrastructure, we want to bring together technology partners and developer communities to further drive and promote blockchain development globally. With Huobi Open platform and Heco, we’re leveraging our technical resources and global reach to make blockchain services cheaper, more efficient, and much more scalable.”
In addition to lowering development and maintenance costs for developers, Heco links users, assets, and dApps in an open and decentralized network that supports EVM programmability and smart contract compatibility. Heco utilizes the Hybrid Proof of Stake (HPOS) consensus mechanism to secure assets and on-chain transitions. Heco uses Huobi Token (HT) as its native asset, giving users immediate access to liquidity and token utility as part of Huobi’s growing ecosystem. In the future, Heco will integrate with Ethereum as a Layer 2 solution to bring greater efficiency to the Ethereum network.
Access to the Heco test environment will be available through December 20th, at which point there will be a server wipe to reset for the official public testnet launch, featuring higher transaction performance, lower handling fees, and seamless cross-chain asset transactions.
