Bengaluru, First published on Aug 13, 2022 at 1:25 PM IST
The cryptocurrency market is huge and consists of thousands of crypto assets. However, Ethereum (ETH) has always excelled. Despite being the second largest cryptocurrency after Bitcoin, the Ethereum blockchain has tremendous value and continues to help expand the landscape.
Since the Ethereum blockchain showed signs of insufficient scalability, several alternatives to Ethereum have emerged, all of which have shown promise in their own right. This article examines HUH Network (HUH) and Filecoin (FIL) as very promising projects that could be a smart buy.
HUH Network is a new project; Buying in advance would mean spending very little and becoming an early adopter. There could be a lot of gain in that.
Filecoin (FIL) is a cryptocurrency developed to encourage a global network of computer operators to offer a file sharing and storage service. According to the project’s developers, if enough people use it, it could be the fastest and cheapest way to store data on the Internet. Furthermore, since it would not rely on a centralized authority, the sharing of its files could not be censored by governments or other actors.
This is because Filecoin is maintained by miners who expend computing power to provide the calculations that allow it to work. Filecoin miners are compensated for making storage space available to users. In return, Filecoin users must pay miners to store, retrieve, or distribute that data.
The Filecoin network is based on the Interplanetary File System protocol for decentralized file management (IPFS). The two systems have many similarities, but the main difference is that IPFS is free to use but miners are not paid. Filecoin is not free to use but has the potential to generate revenue.
However, investors and traders should be aware that Filecoin is not the only protocol claiming to provide a cryptocurrency-powered decentralized storage and file-sharing system. Storj and Siacoin are two competing protocols. Storj claims to have reached more than 100 petabytes of network capacity, while Siacoin reports a network capacity of 2 petabytes as of 2020.
Interestingly, Filecoin (FIL) was one of the most anticipated projects at launch. The project managed to raise over $200 million from its first coin and quickly made a lot of money for its early investors. Today, Filecoin remains a promising cryptocurrency for users looking to copy some blockchain solution tokens.
HUH network (HUH)
HUH Network (HUH) is a new cryptocurrency solution with three core offerings: a blockchain network, a decentralized exchange and a crypto wallet. The HUH network aims to be a premier protocol for creators, blockchain developers, and users. The protocol aims to fuel not only cryptocurrencies but also all Web3 utilities.
As an alternative to the Ethereum blockchain, HUH Network promises to enable smooth, fast and low-cost transactions while supporting the next-generation solutions of DeFi, NFTs and the token ecosystem. The HUH network is an EVM-compatible blockchain that allows porting to other EVM-compatible blockchains.
With the support of smart contracts and dApps, we see HUH Network emerging in the next bull market as one of the best crypto projects the cryptocurrency market has seen in a while. Therefore, there is no earlier time to buy the HUH token than in pre-sale.
Stage 1 presale offers HUH tokens with an 8% bonus and up to 40% bonus when you buy with $2500 fiat currency. Your bonuses range from 10% to 20% when you buy with BTC and altcoins including ETH, SOL, BNB, LTC, etc. The biggest bonuses of up to 50% and 85% come on your second and third purchase, respectively. You could use the bonus opportunities to earn more HUH tokens with less money.
HUH network (HUH)
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Last updated August 13, 2022 1:25 PM IST