London, May 6, 2021 — HECO, a decentralized, EVM-compatible public chain, announced today a node election campaign of the HECO mainnet, aiming to provide users with a high-performance, developer-friendly and reliable large-scale commercial blockchain infrastructure.
Led by Leo Su, the head of HECO, the platform is open to having 21 major nodes and 11 backup nodes elected by the community. Major nodes are eligible to make operational decisions for platform management. Both major nodes and backup nodes will be rewarded with on-chain transaction fees.
“HECO is an open platform. We want to leverage our technical resources and global reach to make blockchain services more accessible, more efficient for developers and the general public,” said Su. “We can bring together technology partners and have community supporters to further drive and generate an in-depth engagement with HECO ecosystem.”
To become a candidate, the applicants must pass Know Your Customer procedures, and the HECO chain requires a 5,000-Huobi Token (HT) staking deposit for any applicant to become an eligible node candidate. The staked application deposit can be returned within 15 days when an applicant decides to withdraw from the node management. All votes received prior to the application withdrawal will be cleared accordingly.
The application will open at 4:00 GMT on May 7, and the approved candidates will receive an official notification after the campaign is closed. Candidates are encouraged to canvass in their communities and voters need to stake HT to the designated HECO address to cast a vote. For security purposes, 7,200 blocks are considered as ONE unit (subject to actual result), and the HT staking volume will be the indicator to differentiate between master and backup nodes.
HECO is an EVM-compatible public chain that provides blockchain developers with an efficient and low-cost on-chain environment for decentralized applications, smart contracts and digital assets.
To date, HECO has recorded approximately 4.47 million total addresses with 277 million transaction made on the platform.