Decentralized Storage Titans Filecoin (FIL) and Internet Computer (ICP) with a 963% Price Uppercut from TMS Network (TMSN)

Decentralized storage has always been considered a technology closely related to blockchains, and there are indeed many synergies between these two innovations. That said, decentralized storage stalwarts like Filecoin (FIL) and Internet Computer (ICP) have not been faring as well as TMS Network (TMSN) lately. TMS Network (TMSN) has already raised more than $2.5 million in its first token presale, and it has plenty of room to grow in its second phase, all in all it already raised over $4.0 million.

TMS Network (TMSN)

The unique value proposition of TMS Network (TMSN) is that it offers a decentralized exchange (DEX) in a package that will feel comfortable and familiar for users of traditional, centralized exchanges (CEXs). The sign-up process is extremely simple, as there is no need to turn over a passport or driver’s license. Instead, users simply connect their existing Ethereum (ETH) wallets to the decentralized application.

TMS Network (TMSN) can provide much more than just crypto asset trading, as the trading engine is built around derivatives. This means that TMS Network (TMSN) can effectively offer trading for any hypothetical asset that has a price ticker. Due to the non-custodial nature and ease of use associated with the DEX, the goal is for TMS Network (TMSN) to be the only application traders need to swap between their positions.

It should also be noted that TMS Network (TMSN) has special features for those new to the world of trading assets, such as an academy and trading lessons. Users are even able to track the trades of other users via a social trading feature to learn from the best on TMS Network (TMSN).

Filecoin (FIL)

Filecoin (FIL) now supports its own smart contracts, which are self-executing agreements that run on the blockchain. Smart contracts can be used to create various applications and services on top of Filecoin (FIL), such as decentralized file sharing, content delivery networks, data marketplaces, and more.

Smart contracts on Filecoin (FIL) are written in a programming language called Clarity, designed to be secure, predictable, and verifiable. Clarity on Filecoin (FIL) supports formal verification, which means that smart contracts can be mathematically proven to be correct and bug-free.

To deploy a smart contract on Filecoin (FIL), developers need to have a Filecoin (FIL) account with enough FIL to pay for the deployment fee and the storage rent. Filecoin (FIL) smart contracts can be used to create various types of applications and services that leverage the decentralized and secure nature of the network, such as decentralized file sharing, content delivery networks, data marketplaces, and data backup and recovery.

Internet Computer (ICP)

The Internet Computer (ICP) network, a decentralized platform that aims to reinvent the Internet, has launched a new token called ckBTC that is pegged to bitcoin (BTC) on a 1:1 basis. ckBTC is a liquid and cost-efficient version of BTC that can be used for faster and cheaper transactions on the Internet Computer (ICP) network without compromising security or decentralization.

ckBTC is created and destroyed by smart contracts running on the Internet Computer (ICP) network, which are governed by a decentralized autonomous organization (DAO). By issuing ckBTC, the Internet Computer (ICP) network aims to bring layer-2 capabilities to Bitcoin, enabling faster and cheaper transactions for BTC holders while also opening up new possibilities for decentralized applications (dApps) that can leverage both Bitcoin and the Internet Computer (ICP)’s features.

It’s worth noting that both Filecoin (FIL) and Internet Computer (ICP) operate their own blockchain networks, while TMS Network (TMSN) simply builds upon the success of Ethereum. Filecoin (FIL) and Internet Computer (ICP) are taking quite a risk rolling their own crypto networks, so TMS Network (TMSN) seems like the more practical play for 2023.