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Chainlink to be Launched on Huobi ECO-Chain

By CIOReview | Thursday, January 14, 2021

Chainlink to be incorporated into Huobi ECO-Chain (Heco) as the suggested oracle solution for all smart contract applications.

FREMONT, CA: Chainlink will be wirelessly incorporated into Huobi ECO-Chain (Heco) as the suggested oracle solution for all smart contract applications launching on the blockchain. It will ensure that developers directly have designed access to the most stable, efficient, and trusted oracle network on the market instantly on Heco without cross-dependence on other blockchains.

The initial implementation will concentrate on making the commonly used Chainlink Price Feeds accessible to the many DeFi apps scheduled to be released on Heco, providing developers with easy access to the most extensive set of decentralized live price oracles on the market, including cryptocurrency prices, commodities, FX rates, precious metals, indices, and more.

In addition to Price Feeds, we plan to develop support for a range of other Chainlink oracle services, which includes Chainlink Verifiable Randomness Function (VRF), a safe source of on-chain randomness that can be checked by users as demonstrably equal and impartial, which can be used to construct gaming apps and launch dynamic NFTs. In addition to its current oracle solutions, Chainlink can also be leveraged to attach to any off-chain resource as a generalized oracle solution, eliminating any limitations to the types of data brought on-chain to cause Heco smart contracts.

Huobi ECO Chain (Heco) is a public blockchain compatible with EVM that offers developers an accessible and low-cost on-chain platform for operating and storing digital assets with decentralized smart contract applications (dApps). Heco utilizes a consensus framework for Hybrid Proof of Stake (HPOS) and supports programmability and smart contract compatibility for EVM.

"We're excited to expand the amount of value that can be created within the Huobi ecosystem by providing Heco developers with built-in access to Chainlink's decentralized oracle network," stated Ciara Sun, Vice President, Global Business at Huobi Group. "By offering applications a secure and reliable connection to the real world, a plethora of advanced data-driven use cases can take root on Heco in the fields of DeFi, insurance, gaming, supply chain, and more. Heco will facilitate the integration of on-chain and off-chain worlds together with Chainlink."