Huobi ECO Chain official mainnet launch general arrangement

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Hello, this is kimm. Today (December 21, 2020) Huobi 's Huobi ECO Chain mainnet, also known as Heco, was officially launched . As for Huobi Eco Chain, there seems to be few articles introduced to the domestic community yet, so I will briefly explain and introduce Heco.

1.Huobi ECO Chain

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Huobi Eco Chain is a chain launched with the goal of "high performance, low gas rates, better cross-chain user experience". Like Binance Smart Chain, DApps can be built more cost-effectively, and tokens pegged to other public chains. It is the first product of the Huobi open platform that supports transactions and storage of people.

Heco's native token is Huobi Token (HT) and has adopted the HPoS consensus mechanism. As a layer 2 chain that complements and strengthens the Ethereum ecosystem, Heco aims to improve the efficiency and scalability issues of Ethereum. The block generation cycle is 3 seconds, and the TPS is showing an average of over 500 performance.

2. Meta Transaction = HT Utility

The biggest feature of Heco can be called "meta-transaction". Meta transaction is a function that pays in lieu of transaction fees on-chain, and by subsidizing some of the gas fees according to the holding amount of Huobi Token (HT), users can reduce the burden of fees and make more online transactions. Lets you use chain services.

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As shown in the table above, depending on how many Huobi Tokens (HT) you have, you can reduce the cost of gas fees through subsidy payments, and as an event currently underway on Binance Smart Chain, you can We will also provide users the opportunity to use Heco-based dapps without burdening gas fees through the gas cost support of.

3. Heco Roadmap

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Huobi Eco Chain is upgraded with new features added in 4 stages, including Tinder, Spark, Flame, and Blaze. Currently, a public beta version of the mainnet has been released, and soon, programs such as node (valley data) voting and Heco ecosystem incubation will begin in the first quarter of 2021.

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After that, the protocol was optimized, developer tools, the Spark stage that connects CeFi and DeFi, and the Flame stage that activates Layer 2 technology that expands performance while maintaining the decentralized protocol, finally goes through 2023 1 Blaze, the final stage in the quarter, aims to support large-scale commercial blockchain applications that can meet the needs of existing businesses.

4. Explorer and support token

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Heco's block explorer does not contain much information yet, but you can check information related to the Huobi Eco Chain through the above explorer, and the validator is still before the official election. Only information can be checked.

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Huobi Eco Chain (Heco) includes Huobi Token (HT), Huobi Stablecoin (HUSD), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV), A total of 8 types of HRC20 tokens, including Litecoin (LTC) andTezos (XTZ) , are officially supported, and Polkadot (DOT) and Filecoin (FIL) are also confirmed in Explorer.

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Currently, Huobi Eco Chain Wallet can use Huobi Mobile Wallet or Token Pocket Mobile Wallet, and if you want to use Chrome Extension Wallet, you can access it through custom RPC settings in Metamask, just like Binance Smart Chain. .

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