Huobi Wish to Became EOS Supernode Operator

4th largest exchange announced the application filling for the status of the EOS supernode operator
25 April 2018   1128

The popular crypto exchange Huobi announced its readiness to start producing blocks in the EOS blockchain. At present, Huobi is the fourth largest trading platform for cryptocurrencies in the world with a daily turnover of $ 2.5 billion.

During the stream from the event "EOS Supernode Party" and in his Twitter team announced the application filling for the status of the EOS supernode operator.

Huobi Pro
Huobi Pro

EOS, like Ethereum, provides the infrastructure for developing and running decentralized applications, however, unlike Ethereum, it uses the mechanism of consensus DPoS.

Providing security in such a system is provided by a selected supernodes, which are replaced with the release of 21 block. This allows for a more equitable distribution of awards in the network and prevents the centralization of mining.

Those who want to get on the list of candidates for the status of a supernode operator must declare their wish publicly, which was done by Huobi. Previously, similar statements were made by the ViaBTC, AntPool Mining Pools and Bitfinex Exchange, which is already the operator of the EOS-based trading platform called EOSfinex.

EOS plans to move to its own blockchain on June 2. It is expected that by now 21 supernodes will be selected, which will ensure the safety of the network at the first stage of its independent existence.

Huobi to Reply on Faking Trading Volumes Accusations

Huobi did not find any evidence of systematic abuse, CEO Huobi Global said
31 May 2019   375

The general director of Huobi Global, Livio Weng, said that the Huobi cryptocurrency exchange has never been involved in faking trading trading volumes, as stated in the report of Bitwise Asset Management. It is reported by CoinDesk.

So, after the publication of the report, Huobi conducted an internal investigation, which resulted in no systematic problem.

We did identify a few of our market makers conducting what we suspect may have been wash trading for the sake of performance and marketing purposes. We have already communicated with these market makers and they have discontinued the strategies in question.

Livio Weng

CEO, Huobi Global

In the near future, the exchange will make the necessary changes in its policy, as well as take additional measures to combat the increase in trading volumes.

Late March, Bitwise told the US Securities and Exchange Commission (SEC) that 95% of trading volumes on unregulated exchanges are fake and devoid of any economic sense.

This provoked a lively discussion around the CoinMarketCap analytical resource and the correctness of the data published on it.

Later, Bitwise said that the cryptocurrency market can be considered “healthy” if it will get rid of fake data.

Only 10 Bitcoin exchanges passed the original test of the company, Binance, Bitfinex, Coinbase, Kraken, Bitstamp, bitFlyer, Gemini, itBit, Bittrex and Poloniex are among them.