Huobi Group recently announced that Huobi Chain, a high-performance public blockchain being developed in partnership with Nervos, is now open source and publicly available to the entire developer community. Blockchain developers, partners, enterprises, and regulators can at any time access the code on Github, track the project’s progress, and openly contribute to the development of Huobi Chain.
As the first regulator-friendly financial blockchain, Huobi Chain aims to enable enterprises, financial institutions, and exchanges to deploy their own blockchains, tokenized assets, and decentralized financial (DeFi) services. Huobi Chain was first announced in July 2019 as a joint project between Huobi Group and Nervos, a technical blockchain partner whose team has contributed to top blockchain projects like Ethereum, Sparkpool, and imToken.
Open Source Ideology
The development of Huobi Chain is still underway, but the move to open source the code during the early stages of development highlights Huobi’s commitment to building a truly decentralized network from the ground up.
“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,” said Leon Li, founder and CEO of Huobi Group. “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.”
Architected by Nervos, Huobi Chain’s decentralized infrastructure is based on deep customization of open source components such as Muta, CKB-VM, Overlord, and nervos-p2p. Once completed, Huobi’s high-performance public blockchain will be optimized for a wide range of financial services and applications, including lending services, debit services, stablecoins, security token offerings (STOs), decentralized exchanges (DEXs), real-world payment serv...