SINGAPORE, Feb. 29, 2020 /PRNewswire/ — Huobi Group today announced the public testnet launch of Huobi Chain, an open-source public blockchain designed for providing a global, blockchain-based, digital asset financial infrastructure. The high-performance decentralized finance (DeFi) chain is now live for beta testing. Created in partnership with technical development partner Nervos, Huobi Chain provides a regulator-friendly blockchain framework for financial organizations to deploy DeFi services and applications, including their own blockchains, tokenized assets, payments and identity verification, lending services, decentralized exchanges, and more.
Ciara Sun, VP of Global Business at Huobi Group. “With Huobi Chain, we want to provide the decentralized framework that facilitates industry-wide collaboration, which is critical to the widespread adoption of DeFi.”
Industry-standard identity protocols like Know Your Customer (KYC) verification ensures the network meets Anti-Money Laundering (AML) requirements. Huobi Chain also utilizes a Decentralized Identifier (DID) system to provide verifiable, decentralized digital identities on its network, making cross-border compliance and regulation more easily achievable at scale.
Huobi Chain’s high-performance architecture is designed to support high-volume transactions critical to the financial services industry. Features like cross-chain interoperability, multi-asset support, smart contract capabilities, and multi-and-sidechain architectures also provide banks and financial institutions with a highly flexible, globally scalable framework.
The chain’s proprietary asset management capabilities will provide support for a wide variety of on-chain and cross-chain asset management services across popular digital assets like BTC and ETH, as well as Huobi-launched assets like HT, HBTC, and HUSD.
https://huobiglobal.zendesk.com/hc/en-us/articles/900000258383” data-reactid=”27″>Developed to be interoperable with a wide variety of centralized and decentralized networks, Huobi Chain supports user-deployed smart contracts, third-party side-chains, and multiple languages. The testnet currently supports smart contracts written with C programming language but Huobi Chain will provide future support for other programming languages to further expand ecosystem development.
For further details about Huobi Chain’s features, visit
https://huobiglobal.zendesk.com/hc/en-us/articles/900000258383
Huobi Token (HT), the native ecosystem token of digital asset exchange Huobi Global, will become Huobi Chain’s sole utility token. With a strong community base and brand recognition, HT will play a critical role in Huobi Chain’s ecosystem. HT recently hit new market highs as Huobi expands the token’s utility for the broader blockchain community.
Sun added, “By providing the infrastructure to make financial services more transparent, inclusive, and efficient, we want to help create a more equitable economy where wealth is accessible to all.”
www.huobi.com” data-reactid=”33″>About Huobi Group
Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established by Leon Li in 2013, the company’s Huobi Global exchange accumulative turnover exceeds US $3 trillion. Huobi proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 170+ countries.
For more information, visit www.huobi.com
www.nervos.org” data-reactid=”34″>About Nervos Network
Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today. Nervos was founded by the creators of Spark Pool, the largest ETH mining pool; imToken, the world’s largest Ethereum wallet; Cryptape, the largest and most recognized blockchain engineering team in China; and contributors to Bitcoin and Ethereum core protocol research and development.
For more information, visit www.nervos.org
Betty Xu +86 188 1065 4852
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SOURCE Huobi Group
Source: https://news.yahoo.com/huobi-launches-own-blockchain-public-150000551.html
