[ENG] Heco refers to DeFi top-of-the-line infrastructure

jamesjguthrie (25)in Amaze Creater Union • 3 years ago

English translation of https://steemit.com/hive-150232/@goodreader/20210329pei

As the creator of the blockchain 2.0 era, Ethereum has undoubtedly become the biggest winner in this DeFi wave. However, the development trend of DeFi beyond expectations has also brought an embarrassing situation to the Ethereum ecosystem. The rise of DeFi has provided sufficient solid application value support for the Ethereum ecosystem, while the inherent defect of the high gas fee of Ethereum has become The resistance in the rapid development of DeFi.

Many people put the possibility of solving the problem of congestion on the chain on Ethereum 2.0. But with the current gas fee, many new users entering the DeFi field may leave the Ethereum network. The Ethereum 2.0 upgrade did not really anticipate the popularity of DeFi. In order to ensure that everyone can participate in it, it may be necessary to create standards and introduce new protocols based on the new sharding architecture.

In fact, the congestion problem on the Ethereum chain has been around for a long time. V God once expressed his opinion on Twitter, saying that the transaction fee income of Ethereum is close to half of the block reward. If no countermeasures are taken, the high fees will hurt Ethereum network security. However, it is clear that it is not an overnight task to completely solve this problem, which also brings greater opportunities to the CEX public chain.

In the early stage of DeFi's prosperity and development, centralized exchanges also tried to launch their own decentralized public chain to carry DeFi's huge application scenarios. If the Binance Smart Chain BSC has proved to the industry that the DeFi ecosystem of Ethereum has spillover effects, then the ecological chain Heco launched after Huobi has allowed the entire industry to witness the absolute advantage and feasibility of the CEX public chain in the DeFi world.

Heco’s strategic positioning is the public chain infrastructure of the Huobi Open Platform. Its mission is to rely on the world’s largest trading ecosystem to gradually grow into the birthplace of innovative technologies and innovative businesses, and build a complete ecological closed loop of technology development, application promotion, and trading. .

As an on-chain developer of Heco, everyone can freely build decentralized applications on the chain at a very low cost. With Huobi’s huge cryptocurrency trading ecosystem in the industry, high-quality applications on the Heco chain will be available. The best projects are exposed to attract more resources, flows and capital injections.

Therefore, it can be seen that although the duration is the shortest, the data on the Heco chain is not much better than Ethereum and BSC. As of March 19, data on hecochain.com showed that the total amount of mainstream assets locked on the chain has reached 6.272 billion U.S. dollars, the average daily transaction volume on the chain has exceeded 2.99 million, and the number of non-zero addresses has exceeded 2.8 million. A total of more than 100 deployment agreements have been deployed.

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Heco refers to DeFi top-of-the-line infrastructure https://steemit.com/@goodreader/20210329pei

#blockstack #binancesmartchain #blockchain #bitcoin #crypto #vf3

3 years ago in Amaze Creater Union by jamesjguthrie (25)

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[ENG] Heco refers to DeFi top-of-the-line infrastructure

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