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Main page  |  News  |  Huobi Blockchain Testnet Launches

Huobi Blockchain Launches On Testnet

01.03.2020

Cryptocurrency exchange Huobi is launching its own blockchain on the testnet. The service focuses on decentralized finance. The internal blockchain token will become the Huobi Chain Utility token. It was launched last year. It is known that the exchange tokenomics will be changed. The developers stated that Huobi Chain is capable of supporting smart contracts in different programming languages. The creators are planning to connect third-party sadchains. To translate the desired into reality, they will revise the functionality and economics of NT.

The platform has the ability to manipulate bitcoins and other cryptocurrencies. The main parameter of Huobi Chain is the presence of identifiers developed on the basis of a distributed ledger. They help to ensure legal compliance and manage assets. After such a statement, NT rose by 10%. The asset is ranked fifteenth in CoinMarketCap. Last summer, the exchange announced the launch of its own blockchain. November was marked by the fact that Huobi released the source code of the cryptocurrency. The coin is trading at $ 5.45. The cryptocurrency is capitalized with a fortune of $ 1.1 billion.