Network based systems

HUH Network and Filecoin are said to be the largest cryptonet after Ethereum

Bangalore, first published Aug 13, 2022, 1:25 p.m. IST

The cryptocurrency market is vast and consists of thousands of crypto assets. However, Ethereum (ETH) has always stood out. 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 started showing signs of insufficient scalability, several alternatives to Ethereum have emerged, and they have all 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 it in presale would mean you would spend very little and become an early adopter. There could be a lot of profit in that.

Filecoin (FIL)

Filecoin (FIL) is a cryptocurrency designed to encourage a global network of computer operators to provide a file sharing and storage service. According to the developers of the project, if enough people use it, it could become the fastest and cheapest way to store data on the Internet. Moreover, since it would not rely on a centralized authority, the exchange of its files could not be censored by governments or other actors.

This is because Filecoin is maintained by miners who dedicate computing power to providing the computation that allows it to operate. Filecoin miners are compensated for making storage space available to users. In turn, Filecoin users must pay miners to store, retrieve, or distribute this data.

The Filecoin network is built on the Interplanetary File System protocol for decentralized file management (IPFS). Both systems have many similarities, but the main difference is that IPFS is free to use but does not pay miners. Filecoin is not free, but it 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 file storage and sharing system. Storj and Siacoin are two competing protocols. Storj claims to have achieved a network capacity of over 100 petabytes, 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 initial coin and quickly made a lot of money for its early investors. Today, Filecoin remains a promising cryptocurrency for users looking to copy certain 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. HUH Network aims to be a first-choice protocol for creators, blockchain developers, and users. The protocol aims to power 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 powering next-generation solutions for DeFi, NFT, and the token ecosystem. The HUH network is an EVM-compatible blockchain, allowing the porting of other EVM-compatible blockchains.

With support for 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 better time to buy the HUH token than in presale.

The Stage 1 presale offers HUH tokens with an 8% bonus and up to 40% bonus when you purchase with $2500 fiat currency. Your bonuses vary between 10% and 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 can use bonus opportunities to earn more HUH tokens with less money.

HUH Network (HUH)



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Last updated Aug 13, 2022 1:25 PM IST

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