Uhex

Uhex is the native token of the Uhex Protocol, a fictional decentralized computing platform designed to monetize distributed computation and data storage. Denominated in UHX, the token serves as a unit of account, a means of payment for services on the network, and a governance stake for participants who lock tokens into network consensus.

The project originated in a hypothetical research consortium and was formalized in white papers published in the mid-2020s. A testnet was deployed in 2024, with a mainnet rollout following in 2025. The design emphasizes enabling compute tasks with minimal on-chain friction and aims to align operators’ incentives with available resources.

Technically, Uhex operates on a public blockchain that supports smart contracts and task marketplaces. Transactions and contract executions require Compute Units (CUs) priced in UHX. The protocol uses a Proof-of-Compute style consensus, a variation of proof-of-stake that grants blocks to validators who demonstrate credible compute contributions. The total supply of UHX is capped at 2 billion tokens, with a built-in subsidy schedule to reward validators and storage providers. Staking UHX locks tokens to participate in governance, including protocol parameter changes and validator selection.

Adoption remains limited to a small network of compute and storage providers, with most activity concentrated in test and pilot projects. Advocates argue that a compute-focused token model aligns compensation with actual resource use, while critics point to volatility, potential environmental concerns, and centralization risks common to early-stage ecosystems.

See also: Blockchain, Cryptocurrency, Smart contracts, Token economics.