. HashKey Group of Hong Kong, a digital asset service provider, announced the launch date for its Ethereum Layer-2 HashKey Chain network on Tuesday, at the 2024 Hong Kong Web3 Festival.
The company stated in a press release that it aims to expand HashKey’s Web3 eco-system by offering users affordable and effective on-chain services. HashKey will launch its testnet in the next six month and mainnet less than one year later.
The company claims that the blockchain can be scaled up and become more cost-effective with the zero-knowledge-proof technology. It comes with a developer toolkit and an intuitive browser.
Security will always be the company’s top priority, it said. Plans include community participation in code audits and security testing. According to the company’s press release, HashKey, the platform token, is supporting the goal of the network, which is providing developers with an environment that promotes self-regulation and security.
HashKey Cloud is a web3 provider, and division of HashKey Group. It will be the power behind HashKey Chain. The company offers node validity services for more than 80 public blockchains.
Once you have obtained the required license, HashKey has launched a cryptocurrency exchange for Monday HashKey Global. It is now preparing to raise another $100 million in funding after closing its Series A round that closed last January.
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