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Huobi Announces New Blockchain & New EOS-Based Crypto Exchange

Dec 31, 2018
by Josh Anderson

SINGAPORE — The final days of 2018 may not have many major headlines, but Huobi, a Singapore-based cryptocurrency exchange founded in China with offices in Hong Kong, Korea, Japan and the United States, has ended the year with a pair of major announcements.

First, Huobi Group has released the English language white paper for Huobi Chain, its first public blockchain. 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 be built from the ground up to ensure security and safety, utilizing strict security audits and testing to ensure this. It will also boast 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.

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

Most recently, Huobi Pool, Huobi Group’s cryptocurrency mining arm, has announced that it will launch the company’s first crypto-currency exchange in Q1 of 2019. The exchange will be dedicated to EOS.  Through its Distributed Proof of Stake consensus method, EOS enables individuals and groups around the world to collaborate and share in the decision-making process.

“As an EOS super node, Huobi Pool has placed its ecological development high on its list of priorities,” said Cao Fei, Huobi Pool’s CEO. “Launching this EOS exchange is simply the next logical step in our support.”

About Huobi: Consisting of ten upstream and downstream enterprises, Huobi Group is the world’s leading blockchain company. Established in 2013, Huobi Group’s accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.

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