Huobi, after seven years of launching has always being around, gaining recognition and increasing in trade value, etc,with millions of users all over the world. It is secured a place among the top exchanges in the world today. It boost of a very secure network with no security itches.
Huobi, through this partnership, is positioning itself to continue being one of the largest global leaders in the digital currency exchanges.
Huobi Group + filecoin
The Huobi group had just launch Huobi - Filecoin incubation center with about $10 million fund which will be used to support its research in the Filecoin ecosystem.
Filecoin is a decentralized storage network designed to store humanity most essential documents. Filecoin connects the world with a new storage and economic model, it is based on a blockchain model and will allow people to be custodians of their own data, making the web more assessible to everyone.
Huobi - Filecoin incubation center will focus on incubation, investments and community development as well as supporting Filecoin developers, promote Filecoin related academic research and foster its ecosystem development. Huobi Group calls it their most valuable asset in the 21st century as it will help create a safe, more assessible system to distribute and store data.
More than 100 Organizations have already embraced and are building in the Filecoin network which can store a wider range of data, say more the 1 Exabyte of data. Huobi, having observed the potentials of Filecoin network decided to collaborate with them to build Huobi ecosystem.
According to Huobi CIO Sharlyn Wu,
"Decentralized storage is a great experiment that combines cloud storage with the decentralized mechanism of blockchain. It is believed that Filecoin would be the infrastructure for the next generation of internet. In this new age of information, we need to develop new ways to protect, store, and exchange our data, which could be crucial for how society and the world could be defined and developed. In the past, the world has no mature system to handle data at scale in a decentralized way. Decentralized storage in the blockchain world is also still in the 0 to 1 stage. Viable use cases, incentive mechanism designs, and the system's robustness and effectiveness are yet to be tested. There are still many gaps to be filled in the Filecoin ecosystem, whether from theoretical research or technological development standpoint; we see that the entire ecosystem needs more resources and support,"
He further added by saying that:
“The launch of the Huobi-Filecoin Incubation Center and the ecosystem fund marks an important collaboration between the Filecoin community and a digital asset services provider. The two together will promote academic research and technical development of Filecoin and foster a stronger Filecoin ecosystem globally
This incubation center happen to be the second of its kind following the Huobi DeFi Labs and will help Huobi Group conduct research, investment, incubation, and community building in the Filecoin ecosystem.
For more information on this visit https://cointelegraph.com/press-releases/huobi-group-and-filecoin-collaborate-to-bring-incubation-center