HashKey Unveils Ethereum Layer-2 HashKey Chain, Further Expanding HashKey's Web3 Ecosystem

Press Release

HashKey Group ("HashKey" or "the Group"), a leading end-to-end digital asset financial services group in Asia, today announced the upcoming launch of HashKey Chain, an Ethereum Layer-2 network at the 2024 Hong Kong Web3 Festival, further expanding its Web3 Ecosystem. HashKey Chain adopts ZK-proof technology to provide users with low-cost, efficient, and developer-friendly onchain solutions. As an important use case for HashKey's platform token HSK, HashKey Chain will use HSK to incentivize ecosystem contributors.

HashKey Chain is a pivotal component of HashKey's Web3 ecosystem. It will be an open, scalable and almost borderless "Ecosystem Chain". The Group will take its business matrix as a starting point and leverage HashKey's strengths in compliance, security, and technology to forge an all-encompassing Web3 ecosystem experience. HashKey anticipates seeing a diverse array of on-chain services, including trading, investment, and application deployment, among others. HashKey Chain will catalyze an influx of users and assets into the Web3 realm, allowing more people to witness the transformative power of Web3.

Establishing a sustainable HashKey Chain ecosystem that benefits developers is essential:

1. Developer Friendly: HashKey Chain will provide developers with a comprehensive toolset and an easy-to-use blockchain browser, thereby effectively lowering the entry barrier while enhancing the development experience and operational convenience. Driven by ZK-proof technology, HashKey Chain provides higher scalability, ultimately reducing operational costs associated with executing smart contracts and related applications/services, accelerating the deployment of modular blockchains.
2. Ecosystem Alliance: HashKey Chain will collaborate with incubators, entrepreneurship camps, VCs, and think tanks, such as Future3 Campus, ThreeDAO, and HashKey Capital. Through initiatives like hackathons, it will provide co-builders with all-around support including technical development, product strategy, resource integration, and financing. The goal is to build a collaborative L2 community that fosters collective success.
3. Safe and Self-controllable: HashKey Chain upholds the highest security standards set by HashKey. We will engage a third-party auditing firm to conduct code audits and encourage active participation from community members in security testing. Our commitment is to provide developers with a safe and self-controllable environment.
4. Platform Incentives: As an important use case for HashKey's platform token HSK, HashKey Chain will use HSK to incentivize ecosystem contributors.
    

HashKey Chain is powered by HashKey Cloud, a leading provider of global Web3 infrastructure and a core member of the HashKey Group. HashKey Cloud has been providing node validation services since 2018 and currently covers 80 mainstream public chains. HashKey Chain is scheduled to launch its testnet within the next six months, followed by the mainnet launch within one year.