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Animoca Brands, CoinMarketCap, and Others Join Huobi Eco Chain as ValidatorsLONDON, July 8, 2021 /PRNewswire/ -- Huobi Eco Chain (HECO), a decentralized, EVM-compatible public chain, today announced several leading blockchain projects have been elected to contribute to the HECO mainnet as validator nodes. The new HECO ecosystem partners include global blockchain brands like Animoca Brand and CoinMarketCap, as well as top decentralized finance (DeFi) projects like Lightnet and MDEX. Together, these teams will work in collaboration with HECO to maintain validating nodes, which will help provide users with a high-performance and efficient large-scale commercial blockchain infrastructure. In order to improve the stability and decentralization and ensure HECO is an efficient and energy-saving blockchain, the chain launched a node election campaign in May 2021. Nodes, which are essentially electronic devices that run software, are distributed across a network and perform a variety of tasks, including communicating and transferring information about transactions and new blocks. On HECO, major nodes are eligible to make operational decisions for platform management, and both major nodes and backup nodes are rewarded with on-chain transaction fees. All elected nodes have been carefully evaluated and selected, having passed Know Your Customer (KYC) procedures and submitted a 5,000-Huobi Token (HT) staking deposit. In total, 11 validating nodes were elected by the community. Several notable validators to join the HECO ecosystem include:
The new validators join HECO at a crucial time for Huobi's Ethereum Virtual Machine (EVM)-compatible chain, which relies on the Hybrid Proof of Stake (HPOS) consensus mechanism. Since the chain's mainnet launch in December 2020, more than 200 projects have deployed on HECO with $6.037 billion in total value locked (TVL). The new validators will ensure the network remains stable and decentralized as HECO continues to scale globally. To apply to serve as a node on HECO, visit https://www.hecochain.com/en-us/node for more information. About HECO 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. To date, HECO has recorded approximately 10.2 million total addresses with 415 million transactions made on the platform. View original content:https://www.prnewswire.com/news-releases/animoca-brands-coinmarketcap-and-others-join-huobi-eco-chain-as-validators-301327873.html SOURCE HECO Chain |