Genaro Founder Larry Attends the Huobi Chain Campaign
Summary：Larry and other Huobi Public Chain lead candidates talked about the future financial ecosystem based on the public chain.
On the afternoon of July 31, 2018, Genaro Network founder and Jiluo Tech CEO Larry Liu participated in the first Huobi Chain Campaign event held at the Marriott Hotel of Beijing, appearing as a leading candidate for leader of the Huobi public chain.
The event set up a communication platform for candidates, and more importantly, they had opportunities to share their thoughts and further discuss implementation plans for the Huobi Public Chain.
In the sharing session, Larry delivered a speech titled ‘A Tentative Discussion on the Design of Huobi’s Financial Public Chain: the Dual Engine Drive and Tokenization of Financial Contracts’. He broke down the structure in three ways: First, the vision of the Huobi Financial Public Chain. Second, the framework design of the Huobi Financial Public Chain. Third, how can the Genaro team help the Huobi Financial Public Chain?
When talking about the vision of the financial public chain, Larry began with the “Trust Crisis” faced by the existing exchanges, and proposed solutions: first, start from the transactions, develop the Huobi ecosystem and finally tokenize the financial contract. It is also necessary to take the advantages and disadvantages of the “decentralized exchange” into consideration to introduce the financial model into the contract. In this way we can establish the foundation of the token economy in order to build a new financial ecosystem based on the public chain.
On how to achieve this vision, Larry argued that there are three things that need to be put online: 1. Transaction information represented by the Huobi Global Station. 2. Various Huobi businesses. 3. Tokenization of Financial Contracts. He pointed out: “The mission and vision of the Huobi Financial Public Chain is far more than the first two steps, but with transactions as the starting point, next comes the development of the Huobi ecosystem and the tokenization of financial contracts to apply the existing mainstream mature financial model to the blockchain token economy.
It is worth mentioning that Larry’s support rate has been rising in the voting showdown. Up to now, he stands out from many candidates and is ranked in third place. This puts the Genaro project in the spotlight again, drawing more people’s attention and raising expectations.
Also present at the meeting were Shuoji Zhou, founding partner of FBG Capital, Yuxun Ye, Founder of Air Capital Creation, Zhengjun Zhou, Founder of TrustNode, and Donglin Wang from YottaChain. The candidates exchanged their views on the technical issues and governance structure of the Huobi Public Chain in the panel discussion.
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The Genaro Network is the first smart data ecosystem with a Dual-Strata Architecture, integrating a public blockchain with decentralized storage. Genaro pioneered the combination of SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) to form a new consensus mechanism, ensuring stronger performance, better security and a more sustainable blockchain infrastructure. Genaro provides developers with a one-stop platform to deploy smart contracts and store the data needed by DAPPs simultaneously. Genaro Network’s mission is to ensure the secure migration of the core Internet infrastructure to the blockchain.
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