Huobi calls itself “The Financial Hub of Digital Assets.”
The Huobi group was established in 2013 with financing by ZhenFund and Sequoia Capital, which are amongst the cryptoverse’s biggest players when it comes to venture capital. The platform’s turnover is higher than 1.2 Trillion USD and, once upon a time, it managed 50% of the global trading volume.
The group has created more than sixty upstream and downstream enterprises. These subsidiaries are compliant in countries like Hong Kong, Brazil, Canada, Australia, the United Kingdom, South Korea, Japan, and Singapore. That allows this industrial group to service millions of users in 130 countries in the world.
Huobi’s platforms include a wallet (Huobi Wallet). Yesterday, Huobi announced that its wallet will support Tron’s decentralized apps now. That’s not surprising as Huobi has become one of the world’s more Tron-friendly platforms (and wallets). And if you download your Huobi Wallet right now you’ll be able to share in a pool of 10 million TRX tokens over the next three days.
Wallets and decentralized networks
The next question would be, why should you ever need a wallet to navigate Tron’s web? It’s actually very simple. Decentralized applications are not exactly free to use. For instance, if you’re going to use TronBet to have some fun you’ll need a few TRX tokens to place bets.
But even if you don’t, using a decentralized network needs for users to own some tokens. That’s why every blockchain includes tokens within the project. If you’re using dApps you need to have some tokens to browse around the network.
You have to pay a little (or a lot if you’re in Ethereum) for every click or transaction. That’s called “gas”. And it’s a good thing. It’s not about greed from the network. It’s about avoiding the kind of abusive behavior that ends up in DoS attacks and things of the sort because you can’t send infinite requests to a website if you have to pay for each answer.
Huobi Wallet supports #Tron DApps now, and has become one of the most Tron-friendly wallets in the world. To celebrated this big milestone, a gift is ready for you. Download now to claim it https://t.co/56YojfMGZb @justinsuntron @Tronfoundation pic.twitter.com/sFr5tyMoUH
— HuobiWallet (@HuobiWallet) March 7, 2019
So this is a good thing. Now you can use one of the world’s most reliable wallets (Huobi’s obviously) to join Tron and have some fun around the network. This is not small potatoes if you take into account that Tron is now the world’s largest decentralized network when it comes to dApps (yes, it’s beaten both EOS, and Ethereum, its closer competitors).
This gives cryptonauts all over the world extra resources, means and ways to join the Tron Network. It’s never been easier to join.
Simultaneously, #TRX users of DApps are conducting increasingly more transactions, as the TRON blockchain recorded 1,736,060 transactions on DApps on March 9#Ethereum processed 64,808 transactions on #ETH DApps
TRON is rising 📈 pic.twitter.com/kJCIdcQkAf
— Misha Lederman (@mishalederman) March 10, 2019
Over the next few months, Tron will become the world’s largest decentralized networks. That will happen as the BitTorrent becomes a part of the Tron Network and then, the world’s largest provider of decentralized content in the world will be Tron, hands down.
Even Youtube and Google will be utterly unable to compete. And Tron will be decentralized and will provide passive income for users.
And that, as the time comes, will also be helped by the ability to use your Huobi wallet as you browse around the new Tron/BitTorrent network (it will be called Project Atlas).
So this is great news for both Tron and Huobi. We salute Huobi’s decision!
Image courtesy of Pixabay.
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