Huobi, the cryptocurrency exchange has confirmed on open-sourcing the development of its Huobi Chain blockchain.
Encouraging Regulators Involvement
The aim is to further the interaction between developers and regulators and Huobi Chain’s target audiences.
“Since the start of this project, our goal was to create an inclusive ecosystem where all stakeholders from developers to regulators can collaborate and leverage the full potential of blockchain technology,” Leon Li, founder, and CEO of Huobi Group, commented in the press release. Li added:
“In sticking to that vision, we’re now opening the code and inviting the greater blockchain community to help us shape and build the future of decentralized finance.”
Huobi Chain aims to provide an environment for blockchain projects such as stablecoins, DApps, decentralized applications, and decentralized exchanges, etc.
The platform is still in the planning stage with a testnet to launch in Q1 2020 followed by the mainnet launch in the next quarter.
Further Projects of Huobi
Huobi Cloud, a part of the crypto exchange Huobi Group, announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa.
Crypto exchange Huobi and Harmony, a scalable blockchain platform partners to list Harmony’s native token while working together with a focus on the Asian markets. Harmony will be the first Binance IEO project to be launching on the Huobi exchange.
Source: Cointelegraph | Image: Huobi