Huobi ECO Chain

Huobi ECO Chain is a direct competitor of Binance Smart Chain (BSC) network. HECO coins (exchange designation HT) are used in the Huobi ECO Chain network. HECO coins are used not only for settlements between HECO nodes, but also for stacking, farming and other dApps. The blockchain of this network is well suited for creating web3 apps and dApps, as well as for writing blockchain smart contracts. Although the Huobi ECO Chain network is relatively young, the use of HECO is gaining momentum every month. The total TVL (Total Value Locked) for the HECO network was $2.3 billion, a figure that was achieved in just 6 months. All this indicates the highest Huobi ECO Chain potential.

Ownership of HT tokens also gives access to the VIP services of the Huobi exchange and tokensales on the Huobi Prime platform. In the future, the exchange plans to create Layer 2 solutions to improve the performance of the HECO network, as well as offer dApps targeted at large businesses. Overall, Huobi ECO Chain is trying to become a cheaper and faster alternative to both the Ethereum and Binance Smart Chain networks. In many ways, Huobi ECO Chain is focused on connecting the HECO blockchain with other blockchains.

Blockchain smart contracts, dApps and web3 apps are the most widely developed in the HECO network. Among them are DEX, credit markets, oracles, games, and NFT. There is a possibility for a HECO Metamask connection. There are enough tutorials telling how to connect metamask to HECO nodes.

HECO network creators are interested in both experienced and novice developers of blockchain smart contracts, dApps and web3 apps. Huobi ECO Chain has EVM (Ethereum Virtual Machine) compatibility. There are also bridges connecting ThunderCore, Ethereum and Binance Smart Chain (BSC) blockchains with the HECO blockchain.

The Huobi ECO Chain network supports a large number of HECO clients. These include both software wallets and the ability to work through a browser extension using the HECO Metamask connection. The Huobi ECO Chain network relies on a system of nodes for its operation. Since the HECO network uses the HPoS algorithm, which is a variation of the Proof-of-Stake algorithm, HECO mining is not possible. Instead, the HECO algorithm is a combination of Proof-of-Authority (PoA) and Proof-of-Stake (PoS) algorithms.

There are a total of 21 trusted Huobi ECO Chain nodes with validator rights; it adds new transactions to the HECO blockchain. Every 200 blocks, the set of 21 validators changes according to the HECO algorithm. To become one of the Huobi ECO Chain nodes with validator rights, at least 32 HECO coins must be blocked in a special wallet. The speed of the HECO blockchain exceeds 500 transactions per second. The average commission per transaction does not exceed $0.001.

Huobi ECO Chain dedicated nodes are necessary for both beginners and experienced developers. Since operating Blockchain smart contracts, dApps and web 3 apps on the HECO network carries the risk of losing money, developers are offered HECO testnet. Having tested the performance of their dApps in HECO testnet, programmers can then launch them in the Huobi ECO Chain mainnet. This is also how participants in hackathons held by Huobi operate.

The setup of a HECO dedicated server is extremely complex, even for an experienced developer. A good solution is to order a HECO blockchain node as a service. In this case, you will receive a fully configured and ready to work HECO dedicated server or a whole HECO private nodes infrastructure.