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What is Huobi Ecochain Blockchain (HECO)?

Crypto Terms Glossary: What is Huobi Ecochain Blockchain (HECO)?

The Huobi Ecochain blockchain is the proprietary blockchain created by the Huobi Group and its main underlying cryptocurrency exchange Huobi Global. It is characterized by its cost-efficiency, extremely fast transaction times, and Ethereum Virtual Machine (EVM)-compatible architecture allowing developers to deploy Solidity-based smart contracts on the protocol. Huobi Ecochain is designed mainly to transfer tokenized assets between different decentralized applications (dApps) and the various services offered by its region-specific Huobi exchange platforms. Huobi Ecochain provides the technical infrastructure needed to operate various centralized finance (CeFi) and decentralized finance (DeFi) systems for both retail and institutional investors across the globe.

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