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As the cryptocurrency that started everything, it is understandable why so many people turn to Bitcoin (BTC) to gain an understanding of the crypto market and the ideas behind its inception.
However, it has been 13 years since 2009, and the crypto industry has grown far beyond Bitcoin (BTC). Now, tokens exist for a myriad of reasons and back a multitude of projects, diverting away from Bitcoins (BTC) mission statement of simply being a digital currency decentralised from the banking system through blockchain technology.
We have evolved from Bitcoin (BTC) to HUH Token (HUH), and that evolution is only set to continue.
However, despite all the changes, the philosophy of Bitcoin (BTC) has not eroded. In this article, we will go over two key objectives of Bitcoin (BTC), and look at tokens on the current market that best represent these qualities.
Removing The Banks Through DeFi Technology
As a currency designed following the 2008 financial crisis, the objective of Bitcoin (BTC) was to return financial power to the people through a decentralised system. People no longer had to work through the banking system to make money, and no longer could their money be put on the line by bankers who could lose it.
Blockchains that have taken this concept of decentralised finance and evolved it, therefore, are some of the best examples of the Bitcoin (BTC) philosophy in the contemporary crypto market.
Cardano (ADA), for example, is often credited as bringing the Proof-of-Stake validation system to the average crypto user’s attention in 2017.
The system used by Bitcoin (BTC), Proof-of-Work, is a system through which a multitude of machines perform calculations to validate a block of data being added to the blockchain. It is a system which is completely decentralised, as anyone with the technology can participate.
However, with the explosive growth Bitcoin (BTC) has experienced, this process has devolved into a technological arms race, where only those with the money to afford the latest technology can participate.
Proof-of-Stake, alternatively, only allows token holders to participate in the validation process. This means that to validate for the blockchain the owner must be engaged with the blockchain, and the reduced number of machines provides wider accessibility, all while reducing overall costs and energy use.
This has led many new projects entering the market to follow in Cardano’s (ADA) footsteps, implementing the Proof-of-Stake system in their platform.
This, therefore, makes Cardano (ADA) an excellent example of the evolution of Bitcoins (BTC) philosophy, taking what already works and improving upon it for the contemporary market.
Giving People Financial Independence With HUH Token (HUH)
By having a currency completely in the hands of its users, it was up to these individuals to build the value of Bitcoin (BTC) and encourage the evolution of its economy.
This concept of a community-built token economy is something that many crypto projects have taken onboard, with the understanding that a strong community equates to a valuable token. However, what this also means is that these economies have the potential to make individuals large sums of money if investments are made correctly into economies with potential.
HUH Token (HUH) is a great example of a token taking this philosophy and running with it, forming its own community network where engagement and collaboration are set to evolve the community into a space where users can work together towards individual financial independence.
A blockchain network hosting a SWAP, NFT marketplace, and a wallet, HUH Token (HUH) intends to be the lifeblood of a community, where holders can expect their token value to grow as the community expands.
One way the community will expand, through example, is through influencer marketing, with a particularly large stunt scheduled for later this week set to take HUH Token (HUH) to heights it has never seen before.
For those interested in engaging with a new token with big potential and an exciting multitude of usages, HUH Token (HUH) is a fantastic option. With its value already on the rise, it is expected that this upward trajectory will only continue in the wake of the upcoming social media stunt.
Will you get involved?
For more information about HUH Token (HUH), check out this article.
Or, find out more at the following links:
Presale: https://presale.huh.social/
Website: https://www.huh.social/
Telegram: https://t.me/HuHToken
Twitter: https://twitter.com/HuhToken
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