HUH Network Aims to Join Fantom as Ethereum Blockchain Competitor

Ethereum is a decentralized computing platform network that is open source. The Ethereum network, like the Bitcoin network, is based on blockchain technology, essentially a digital public ledger in which financial agreements 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 allowing developers to run programs (called “smart contracts”) that can host any decentralized application (called “dApps”).

Alternative blockchain solutions like Fantom, Avalanche, etc., have started to develop as Ethereum-compatible blockchains with the basic functionality offered by Ethereum.

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 usability.

In addition to its infrastructure goals, Fantom aspires to be the best DeFi (decentralized finance) platform on the market. The network provides some popular features, such as peer-to-peer staking and lending. Fantom hopes to capture 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 face today. The goal of the network is to build a secure and scalable decentralized network. The development team succeeded in this regard. As a result, Fantom can offer near infinite scalability and instant transactions at no cost.

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

HUH Network

HUH Network (HUH) is a new cryptocurrency solution encompassing a new blockchain network, a decentralized exchange platform and a wallet service. You don’t often find new blockchain networks launched 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 as it promises to offer cutting-edge solutions that span DeFi, NFT, and the metaverse. Additionally, the blockchain network will enable transparent, instantaneous, and low-cost transactions and will have EVM compatibility, making it an alternative Ethereum blockchain. And if there is anything we know about Ethereum alternative blockchains, they are one of the most successful blockchain solutions in the cryptocurrency market.