Huobi Is The Latest To Join Klaytn Governance Council
February 11, 2020
Huobi Is The Latest To Join Klaytn Governance Council
February 11, 2020

Huobi to join Klaytn Governance Council, a part of Kakao’s public blockchain project which runs its distributed network under the shared governance. 

On Feb. 10 a press release was published stating that the move will bolster a roster of some of the world’s largest digital enterprises, including Binance, LG Electronics and Kakao, Klaytn’s parent company.   

Sangmin Seo of council-member Ground X said: 

“We are excited for Huobi to work with other Council members to jointly run and govern the Klaytn platform, as well as create use cases that can foster the development of the global blockchain ecosystem.”

Klaytn’s mission is to deliver a user-friendly blockchain experience to millions of users. To do this, the platform unifies features of public and private blockchains into a hybrid design. 

The Council also includes KakaoIX and Kakaopage, makes key decisions about technical updates, spending resolutions and funding policy. It empowers businesses to offer Blockchain Applications (BApps). Members also operate consensus node network. 

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Huobi’s Ciara Sun, vice president of global business, said:

“The new partnership advances Huobi’s mission to make blockchain technology more accessible to users across the globe. The new partnership advances Huobi’s mission to make blockchain technology more accessible to users across the globe.”

Huobi supports Klaytn’s token (KLAY) and other congruent coins on its Huobi Wallet. 


Source: Cointelegraph.com | apnews.com


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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain and decentralized apps.
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