Huobi Global Makes Cryptocurrency Platform Huobi Chain Open Source

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  • Huobi Chain developed by Huobi Global and Nervos Network is publicly available to all developers on GitHub
  • Huobi Global and Nervos Network are developing pluggable components for the network for better regulation

Huobi Global has made cryptocurrency platform Huobi Chain developed by Huobi Global and Nervos Network opensource according to a report by CoinDesk. It is publicly available to all developers on GitHub.

Pluggable components

The report also says that Bo Wang, a Nervos researcher said that Huobi Global and Nervos Network are developing pluggable components for the network that will allow regulators to supervise contract deployments, asset holdings and transfers and implementation of anti-money laundering regulations. He also said that components will allow banks and regulatory agencies to freeze assets and accounts during emergencies through sidechains.

Pre-deployment audits and continuous tracking

Huobi Chain will provide tools for pre-deployment audits and continuous tracking as per the report. Leon Li, the founder and CEO of Huobi Group said that if banks and financial institutions will fully adopt permissionless blockchain technology, then a safe and secure environment can be created that will make it easier for them to transition their products and services to the blockchain.

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