HECO Chain

Huobi ECO Chain (Heco) is a decentralized, high-efficiency and energy-saving public chain. It is also the first product launched on the Huobi Open Platform. It supports high-performance transactions and realizes the compatibility of smart contracts. The native digital asset of Huobi Ecochain Heco is HT, which uses the HPOS consensus mechanism.

Vision

Heco's mission is not only a public chain, but also to focus on the discovery and support of high-potential developers and innovative projects. Relying on the world's largest trading ecosystem, Heco is committed to becoming the birthplace of innovative technologies and innovative businesses, and building a complete ecological loop of technology development, application promotion, and trading.

Economic Model

The endogenous token on the chain is HT; the transactions consume HT as gas fee.

Miners pledge HT to become validator nodes. The reward of nodes is gas fee, which is distributed according to the mortgage proportion.

Cross-Chain

Assets such as BTC, ETH and stable coins can be mapped to Heco by an asset bridge. The realization method is to lock a certain amount of tokens on the original chain then generate a corresponding number of tokens on Heco.

Heco encourages developers to provide more decentralized cross-chain solution.

Meta Transaction Function

The meta-transaction function is supported, which allows users to reduce gas fees step-wise, and Heco will cover the payment of the reduced part. The meta-transaction function allows to minimize the migration cost of DApp developers, as well as to effectively reduce the cost of DApp users.

Heco Technical Characteristics

• An open and decentralized network to maintain the security of the network and assets.
• Support the programmability of EVM, the compatibility of smart contracts to reduce development or migration costs.
• Meta-transaction function: gas fee reduction, effectively reducing the cost of developers and users on the chain.
• Support cross-chain asset transfer to optimize users’ experience.