Huobi launches white paper for its public blockchain

Huobi DM volumes

Blockchain company Huobi Group has announced that it has released the English language white paper for Huobi Chain, its first public blockchain.

Just last week, Huobi DM has expanded its cryptocurrency contract trading services to include EOS.

The Singapore-based cryptocurrency exchange has been granted a full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission (GFSC) last month.

This is just one more way that Huobi is seeking to improve the global digital asset and blockchain community,” said Livio Weng, CEO of Huobi Global. “Once launched, Huobi Chain will offer users a variety of benefits, including security, transparency, fast, scalability, and smart contract capability.

Now under construction by Huobi’s project team as well as industry experts, Huobi Chain is expected to make significant progress in 2019.

Utilizing BFT-DPoS (Byzantine Fault Tolerance – Delegated Proof of Stake) as its consensus mechanism, Huobi Chain will feature:

  • Safety first architecture: Huobi Chain will be built from the ground up to ensure security and safety. Strict security audits and testing will be conducted to ensure this.
  • Efficient dual chain functionality: Huobi Chain will be designed to accommodate high speed, high frequency transactions and will support complex applications like business and financial contracts.
  • Effective governance: with both on-chain and off-chain elements.

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