Topic: Ethereum's biggest contender? (Read 1226 times)

Exactly. For once, Ethereum was a true competitor of Bitcoin with its low fees and fast transaction settlement times. But after it became extremely popular, everything went down the drain. Now we're expecting developers to release "ETH 2.0" to the public to increase Ethereum's transaction capacity. The urge of having low fees and fast transaction confirmation times for smart contracts has led many developers to create alternative blockchain networks for the benefit of all. We now have various scalable smart contract platforms such as TRON and EOS which challenge Ethereum's place on the market. While the aforementioned blockchains are centralized, most people prefer convenience above anything else.

I believe that Ethereum's direct competitor is Cardano because it has an approach to decentralization unlike no other alternative on the market today. The Cardano development team is working hard to make a robust smart contract platform that it's as good as Ethereum (or even better). With the adoption of the "Ouroboros" PoS consensus algorithm, Cardano will be able to compete with ETH's PoS implementation dubbed "Ethereum 2.0". The ever-increasing popularity of "De-Fi" and stablecoins will make both blockchain networks' development quite an interesting one. Perhaps, there will be a fusion between various smart contract platforms (interoperability) in order to make crypto land a better place. Ultimately, what matters is utility instead of scalability. And so far, Ethereum is the most adopted smart contract platform in the world unrivaled by its competitors. Just my thoughts

At this particular moment its really hard to tell which one's decisions will lead to better consequences in long term.
Its pretty clear both of those have the ability to create short term hype, but in long term hard and not fun decisions like creating eth2.0 for many years to become something bigger as project.

I think every smart contract platform is a contender of ethereum but as of now i didn't see any one to defeat the ethereum because it is one of the most popular smart contract that almost all the people on this crypto space are using it. Almost all project old and new are using ethereum smart contract and it was the famous one and known by almost all people than the other which is not yet already known.

If you look for Ethereum's competitors by capitalization, sales volume or price, then coinmarketcap clearly indicates the leading indicators of each of the rating cryptocurrencies, where Ethereum is in second place. But if we talk about functionality and technical characteristics, then ETH has no competitors at all, and in this regard, I believe that Ethereum is the leader in the cryptocurrency market. In addition, the position of the ETH platform will strengthen after the Ethereum 2.0 update.

I think eos cardano tron now can scarcely rival eth, i told you almost and can not replace eth comefor updates great eth, replace now eth stronger it even almost all the tissues altcoin use eth added eth is not only a but a trade exchange, only eos tron neo that could rival eth i think

And in the end, what are your thoughts? Can those projects compete with ETH or not? For me, only TRX and EOS can compete with ETH, but they will definitely take a long time to develop and overcome it.

many altcoins that can compete with Ethereum for the future and BNB, TRN, Ripple and others that I didn't mention,
With Ethereum's high transaction fees at the moment, there is a possibility that they will compete with Ethereum in the future, but I am not sure they can compete and can compete with ethereum,

ETH's biggest issue is the high fees and slow transaction confirmation times. It's becoming a "Bitcoin 2.0". Developers have been delaying scalability upgrades each time, making people desperate. If the trend continues, ETH competitors will be one step ahead of it in terms of mainstream adoption. We already have scalable blockchain networks like TRON, EOS, and Tezos for smart contracts. People can migrate to those chains if they want faster transactions at a fraction of the cost. The one closest to ETH in its ecosystem of dApps is TRON. There are many dApps on the TRON blockchain which mimics those on the original smart contract platform. While TRON is utterly centralized, most people don't care as long as they get convenience above anything else.

In terms of decentralization, Cardano is Ethereum's biggest contender yet. The team is carefully developing the platform to be as secure, resilient, and decentralized as possible. A rock-solid ADA cryptocurrency could really challenge ETH's place on the market within the not-so-distant future. With many alternatives available out there in the crypto/Blockchain space, ETH's dominance might diminish over time. Let's hope that ETH thrives in the long run, remaining as the world's second-largest cryptocurrency by market cap in the foreseeable future. Just my opinion

There's alot of better coins than ethereum itself like elrond. The only problem I see about ethereum is its crazy gas prices which driving some people away from using it. its becoming like bitcoin a coin that is only used for storage of money.

The only big contenders will always immerge from the right team with the right project. Ethereum has a good project team work and it has stayed ontop of the altcoins industry for ages. Basically, I can't see any random existing projects which has the capacity to dethrone ethereun from it first position when discussing altcoins. If their should be any, the project will be a new one and not an existing project.

Bitcoin has been the king of all, but there's a new token around the world of cryptocurrency that's currently Worth more than Bitcoin( in terms of cost). At the time of writing this reply, One (1) YF1 cost about 1.25Bitcoin. Soon, there will be new emerging tokens and coins that will outgrown Ethereum and Bitcoin.

Eth transaction fees nowadays is very sickening high, its time for other alternative to rise and shine. There are good potential blockchain than can overtake Ethereum if scaling issues will still persist for years it might slowly die.

There was a time when people thought EOS would compete with ETH, but after that EOS didn't have any updates that really stood out. And it has been surpassed by ETH and other altcoins in this market, for me TRX is a competitor of ETH at the moment.

For EOS they really need to improve on their output. Create user friendly wallet. TRON is a good competition to ETH. Recently, I started using TRON and it has been amazing. Transaction is fast , low fee and reliable.

BNB has a completely different purpose from ETH, so it can't compete with ETH either. But for the development of Binance and BNB, I believe that in the future, the 2nd place in coinmarketcap of ETH will be threatened.

Why are you saying that ethereum has no rival? While a fact has happened in the past, the value of ethereum has plummeted and most of the time, people have been thinking that ripple and some new altcoins will soon replace ethereum. Agree that ethereum retains its prowess but it is undeniable that this is still a sign, a sign that implies that ethereum is not always possible at number two, time and market always create different competitors for ethereum, it needs to get stronger and cannot be subjective with the opponents behind

Ethereum is only having the first mover advantage, being the first smart contract platform that people on to create their Dapps. But looking into the tech space, you will observe that ethereum is having issues scaling. loads of Sidechains have also come out with a function to scale more than ethereum does. Now consider the move the Matic network scaling with 7.2k tps. Matic is even a bigger contender than any other on the ethereum scalabilty challenges.

I went into this thread with a raging jab pointing out bitcoin without getting first the context but this thread is actually talking about the underdogs. I agree, cardano is looking sharp. Ive been keeping my eye on cardano for quite a while and the entire time theyre just proving that they might be a contender for some reliable coins.

I only believe in BNB which will be ETH's tough competitor, indeed ETH is a big brother to BNB, but as a younger brother who continues to progress, it is not impossible that his younger brother will be greater than his brother. Being a competitor is not just about price, but being able to be top ranking in the Crypto world.

EOS is not a competitor. it is created for other purposes, but BNB can be a really serious threat to ETH because they develop faster and their blockchain is more convenient

high gas price is a very big problem. even a large number of Defi projects will not be able to make people like the ETH blockchain. I think that soon Defi projects will be created on other blockchains