HAPI will integrate on the Huobi Eco Chain
HAPI will integrate on the Huobi Eco Chain to ensure the security of funds and prevent anti-money laundering schemes.
We are thrilled to announce that HAPI will be integrated on the Huobi Eco Chain. HECO is a new blockchain infrastructure that enables high throughput, increased scalability and convenience of DApp building. HECO is a decentralized and cost efficient public chain that Ethereum developers can easily get started with and smart contracts are seamlessly compatible. Unlike Ethereum, HECO boasts lower fees that allows for frictionless trade, swap, and interoperability within the ecosystem.
Cybersecurity space has long been an overlooked issue despite the onslaught of malicious players entering the crypto space. This coupled with an indomitable number of emergent rugpulls is exactly what HAPI sets out to preclude.
HECO is one of the most forward-thinking solutions out there with a plethora of already implemented DApps and full-fledged DEX that operates on HECO. HAPI aims at transforming the current notion of cybersecurity in crypto space and since HAPI strives to achieve total cross-compatibility and be useful across all chains, it’s only reasonable to integrate on HECO. HAPI sees MDEX, HECO-based DEX, as a candidate for the very first integration of its protocol.
Despite the robust security layer that is endogenous to Huobi Eco Chain’s infrastructure, there is still a niche to be filled when it comes to shielding off dApps and DEX platforms from propagation of fraudulent activities. The most common transgressions frequently include a hacking intrusion, leakage of data, and exploitability of a certain element in the system. The methods to intrude in the system or gain access to the confidential data are multitude. Ranging from the phishing, trojan, ransomware, and even social engineering that deserves a separate prelude of its own. These manifolds of potential attacks endanger users across multiple planes of internet usage. The protection therefore has become a prominent goal for everyone irrespective of the scope of business or individual preferences — cybersecurity is the most important field to be aware of in the current day and age. Since HAPI has already partnered and integrated its token into Solana Blockchain together with already embedded solutions into Ethereum and Binance Smart Chain, HECO’s unprecedented growth and relevance in the space will enable and add to an even wider range of cybersecurity safety.
The mission of HAPI is to rectify a cornucopia of issues that are entrenched in the current DeFi space. The approach HAPI takes does differ from the current solutions on the market. The differentiating points are both visible from the technical standpoint and community side of things. From the technical standpoint, HAPI incorporates a slew of preventative solutions that will inhibit exploits from transpiring beforehand. This also involves the utilization of the cybersecurity audit database by virtue of which malfeasance and maliciousness can be impeded in a timely manner. It is better illustrated in the following example: A particular DeFi is about to be a subject of a malicious exploitative attack. To aid in preventing the above-mentioned invasion, HAPI utilizes the combination of smart contract integration (SC) and Oraclization (oracles that are used on-chain). Before the attack has even been engendered, HAPI, with the help of off-chain dataprovider, can detect, mark, and delineate the potential threat of a particular address, by incorporating oracles specifically engineered, or
programmed if you will, to preemptively act on the danger that a particular address poses. In this vein, a nascent calamity can be eluded against the clock.
Integration in the Huobi Eco Chain will allow for a faster and more prompt response from dataprovider, leveraging higher throughput of HECO will make it easier for HAPI to timely detect and notify/freeze the incoming malicious intrusion or preemptively avoid it from happening.
Learn more about HAPI here
About HAPI
HAPI is a set of cross-chain smart contracts that are embedded into DeFI products that allow them to reach a new security level. Also, HAPI’s Oraclizing and DAO system delivers SaaS in the DeFi environment that prevents hack attempts.
