CoinMarketCap, Animoca Brands Become validators of Huobi ECO Chain

CoinMarketCap, Animoca Brands Become validators of Huobi ECO Chain

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2021-07-07 09:00:05

The Huobi ECO Chain (HECO) blockchain platform of cryptocurrency exchange Huobi has added a new set of validators to the network to improve stability and decentralization.

In a press release on July 6, Huobi announced that 10 blockchain and DeFi projects have been selected to launch validator nodes for the HECO Chain mainnet.

Accordingly, CoinMarketCap and Animoca Brands have officially become validators for HECO Chain. Similarly, DeFi projects are Lightnet and CoinWind.

Staking platform Allnodes, blockchain company Hashed, multi-chain wallet CHK, trading platform Alphanone, Signum Capital and Legend are among the remaining names on the registration list.

Nodes are the operating software of electronic devices. They are distributed on a specific network, performing tasks such as communicating and passing transaction information between blocks in the blockchain.

“Nodes play an important role in the long-term success of a public blockchain network,” said HECO Director Leo Su.

HECO is the blockchain network of cryptocurrency exchange Huobi, launched just 3 months after Binance Smart Chain (BSC) went live. This is considered Huobi’s “answer” to Binance, the world’s largest cryptocurrency exchange by trading volume.

Since its launch in December 2020, more than 200 projects have been deployed on HECO with a total locked value of USD 6 billion.

Currently, Huobi’s blockchain is capable of processing over 500 transactions per second with an average fee of just $0.001, paid in Huobi Token (HT).

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