HUH Network aims to join Fantom as an Ethereum Blockchain competitor

Ethereum is the second largest cryptocurrency in the market for several reasons. And over the years, the network has proven its alternative blockchains to be an advantage. As a result, competing blockchains to Ethereum do not need to compete before they can register success.

The Ethereum blockchain has a lot of value to spill over to these alternative networks that they are always a safe bet for anyone looking for a smart buy in the cryptocurrency market. HUH Network (HUH) is a new Ethereum alternative blockchain and could be one of the biggest projects the market has seen when it launches.

Buy HUH here

Ethereum

Ethereum is a decentralized computer platform network that is open source. The Ethereum network, like the Bitcoin network, is based on blockchain technology, essentially a digital public ledger where financial transactions can be verified and stored entirely by software – without the intervention of a third party.

But the network can do more than handle financial transactions that excite users and enthusiasts. Ethereum extends the Bitcoin blockchain by enabling developers to run programs (referred to as “smart contracts”) that can host any decentralized application (known as “dApps”).

The Ethereum blockchain began to develop problems after the explosion of DeFi. This caused the network to become overloaded and as such increased transaction fees and increased processing times. Considering that Ethereum is a network that is poised to grow even bigger and up to bitcoin, as some users suggest, a scalability solution was needed.

Alternative blockchain solutions such as Fantom, Avalanche, etc., began to emerge as Ethereum-compatible blockchains with the basic functionalities Ethereum offers.

Phantom

Fantom (FTM) is the world’s first smart contract platform based on Directed Acyclic Graph (DAG). Compared to the Ethereum blockchain, this fourth-generation blockchain offers blockchain developers and users significant improvements in functionality and ease of use.

In addition to its infrastructure goals, Fantom wants to be the market’s best DeFi (decentralized finance) platform. The network offers some popular features, such as staking and peer-to-peer lending. Fantom hopes to take some of Ethereum’s DeFi market share in the coming months in this way.

Fantom was created to solve the problems that Ethereum blockchain users and developers are facing today. The network’s aim is to build a secure and scalable decentralized network. The development team was successful in this regard. As a result, Fantom can offer almost infinite scalability and instant transactions at no cost.

Fantom abandons the power-hungry Proof-of-Work (PoW) consensus mechanism used by early cryptocurrencies such as Bitcoin and Ethereum. With this strategy, the network can validate its state using less energy. Ultimately, this approach makes Fantom more environmentally friendly and sustainable.

Fantom’s low fee structure is one of the most important market advantages. Users can send transactions for a fraction of the price that Ethereum currently charges. This micro-fee strategy also benefits blockchain developers by allowing them to offer their services at a lower cost.

HUH network

HUH Network (HUH) is a new cryptocurrency solution that includes a new blockchain network, a decentralized exchange platform and a wallet service. You don’t often find new blockchain networks launching in the cryptocurrency market due to the complexity of a new network. Projects always prefer to build their solutions on blockchains like Ethereum or BNB smart chain.

HUH Network is promising because it promises to offer state-of-the-art solutions that cut across DeFi, NFTs and the metaverse. In addition, the blockchain network will enable transparent, instant and low-cost transactions and will have EVM compatibility, making an Ethereum alternative blockchain. And if there’s one thing we know about alternative Ethereum blockchains, they’re one of the most successful blockchain solutions in the cryptocurrency market.

Buy HUH here

HUH Network’s native token, HUH, will soon be on presale. You can earn between 10% – 20% bonus tokens with ETH, BNB, SOL and a few other cryptocurrencies, with DOGE and SHIB having the highest bonus rate. There are also different bonus rates for purchases in the earlier pre-sale stages. However, the most rewarding bonus is buying with $2500 fiat currency and getting a 40% bonus on HUH tokens.